Real properties are a wonderful thing. It is one of the few consumer products that is bought and used and enjoyed during your ownership of it, and it invariabley appreciates in value over time. This product is often so valuable that, even during the time that you are holding on to it and using it everyday, people are willing to lend you money just because you own it.
It's been many years but one of the takeaways from my study of the Rich Dad Poor Dad philiosophy was that instead of using your extra cash to buy that dream car, you should invest that money and buy that dream car with the growth from the investment. Not surprisingly, investing in real estate is one such "investment" that have helped many people buy their dream cars. And what better investments are there than to buy a "just off the production line" condo in the downtown area of a world class city like Toronto, and at prices from 3-4 years ago?
Take these 2 properties for example, which are currently under private sale:
2 bedroom plus study corner unit with expansive floor-to-nine-feet-ceiling windows, direct access to underground PATH system that connects to all major financial district office buildings, Eaton Centre shopping mall, 5 subway stations, train station, bus terminal, and future airport express transit. Luxury finishes, extensive building amenities, 5 mins walk to Toronto's harbourfront, and sandwiched between 2 major concert and sports arenas. The icing on the cake? The asking price is only $520,000 and it includes a parking space and a locker. Compare this to a new building being marketed nearby today at over $600,000 for a similar offering.
Brand new 2 bedroom unit in the heart of the trendy and hip Queen West village right across from the Drake Hotel. 1 street car to financial core. The building is situated right next to a lush and modern urban park, with a planned water feature, benches, children's play area, and a pedestrian walkway. Split bedroom design and all the conveniences of downtown Toronto only minutes away, this property is suitable both as a cashflow generator and a place to call home. Surround yourself with the the artistic inclination and friendliness of the neighbourhood, populated by bars and chic restaurants, galleries, art shoppes, and more! The best part? Asking only $278,000.
Please feel free to call or email me if you need more info. 416-725-3322. firstname.lastname@example.org.