Long-term opportunities abound in Harbour Plaza Residences
When it comes to finding condo properties in Toronto that combine the best in first-rate amenities, hot location and great cash-flow opportunities, I like to look at offerings from developers that have had a successful track record. Menkes are stepping up to the plate with the dual tower Harbour Plaza Residences, slated for completion in 2017, and I think it’s going to be the next great investment for any knowledgeable buyer.
The last Menkes project, 365 Church condos, proved to be a wise deal - especially for those who got in early. The development took less than two months to increase $15,000 in value, in the time it went from Platinum Insider Release (that is where we came in) to the VIP Agent launch. Harbour Plaza Condos have all the variables to provide you with similar success. The 64-storey building will be located at 90 Harbour St, offering the finest luxury residential suites that are expected to be priced from $650/sq. ft. It will also host a number of modern amenities for everyday convenience:
- Two-storey lobby & concierge
- Rooftop lounge & outdoor entertaining space
- Fully-furnished party room
- Guest suites
- Yoga, gym & spa facilities
- Underground parking
- 24-hour security
The building will be right next door to 1 York Street, a high-rise that will create over 800,000 sq. ft. of commercial space. The number of jobs this building will generate will drive a targeted demographic of professional tenants to the development. The positioning of the Harbour Plaza Condos in the heart of downtown Toronto makes it a great location for young residents wanting to explore the best of the city. The building connects to the PATH system for easy pedestrian access, and the GO, TTC and Via Rail is all just a few minutes away in Union Station. Harbour Plaza Residences are also near dining and shopping destinations, as well as famed entertainment and sports venues such as The Rogers Centre and the ACC.
Each unit has an incredible view; south-facing suites can enjoy breathtaking views of Lake Ontario, the Toronto Islands and the City Airport, while other units provide a great panorama of the Toronto skyline. Smart, sleek design from Menkes coupled with the prime location and top of the range amenities and facilities makes this development a fantastic deal. As an investor, a unit in the Harbour Plaza Residences has huge potential to be a lucrative, long-term performer. The value is already there, and is only poised to increase. Plus the demand for those units is constantly being fuelled by nearby commercial development that will bring thousands of jobs to the area. These condos make a sound investment, whether you choose to use the property for cash-flow purposes or your primary residence.
Units at the Harbour Plaza Residences will be available for purchase at the Platinum Insider’s release in the next couple of weeks.
I can bet you that units at the very initial stage of Platinum Insider’s release won’t stay for long, at prices that is expected to be at par with re-sale units, in about 2 years old Maple Leaf Square Condos located at 55 & 65 Bremner Blvd. Keep in mind this 2 years old Maple Leaf Square Condos will be about 6-7 years old by the time you get possession of the brand new unit at Harbour Plaza Residences.
Register to gain Insider’s Access and to immediately get info for Harbour Plaza Residences as soon as it becomes available.
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This article is written by Sunny Batra.