Articles for Buyers

Eric Skicki

The Exchange District

Written by Eric Skicki Wednesday, March 27th, 2019
  • The Exchange District
    The Exchange District (Developer Rendering)

    Remember when we were saying that the City proposed some new developmental plans for downtown Mississauga? We also mentioned in numerous blogs that what the city was really missing was a new hotel and a lot of chic restaurants. Well, a brand new Toronto developer has taken this as a cue and is doing just that; building out a new downtown core in Square One, dubbed the Exchange District. The developer has set its sights on 3 acres of land that encompasses the site around 151 City Centre Drive. Currently gracing its grounds is a large commercial building with offices and a Tim Horton’s and Dental office at the bottom, along with a lot of parking space.

    The new plan for the site proposes condominium towers, international retailers, a hotel, casual and fine dining spaces, modern offices, accessible green spaces, and a public square.  The renowned developer is Camrost Felcorp, who have developed buildings such as Marina Del Rey Towers I II and III, The Yorkville Plaza, iLofts, California Condos, Imperial Plaza, The Legends, Warehouse Lofts & many more.

    What we know so far

    The site is to host 4 tall condominium towers of modern design upwards of 72 storeys tall. Some of the current renderings suggest completely square buildings with intricate designs offering 2,000 residences. The development will be adjacent to Square One Mall and will not only compete on a national level but global level in terms of luxury and design. The leading architect from IBI and interior designers are some of the finest in the industry and behind projects such as M3 in Square One.

    Redefining Mississauga

    Mississauga is Canada’s 6th largest city. The Marilyn Monroe Towers have been the iconic buildings since they have been constructed and acted as Mississauga’s landmark. However, Projects such as M City and the Exchange District will add luxury and some new iconic towers to the city, taking it to new heights. Mississauga had a hard time competing against a city like Toronto. But once the vision of Downtown 21 becomes a reality, Mississauga can compete with not only Toronto, but cities like New York, Vancouver and London.

    The project is currently in the proposed stages, as soon as floor plans, prices and due dates are released, our team at MySquareOneCondo will keep you posted as always. If you are interested in calling the Exchange District your home please fill out the form below.



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    • This entry was posted on Wednesday, March 27th, 2019 and is filed under ALL Articles, Articles for Buyers, Condo Features, First Time Home Buyer, Investment, Pre-Construction Condos. Tags: , , , ,

    Eric Skicki

    Avia Condos Platinum Launch March 23,2019 | By Amacon

    Written by Eric Skicki Thursday, March 21st, 2019

    • The much-anticipated condo project AVIA, part of the Parkside Village community, by Amacon is set to launch this weekend! The modern and sleek design of the building will leave you wondering if you are in fact in downtown Mississauga. This next phase will add a whole new look to the Mississauga skyline and redefine elegance. Avia, as per the builder, takes its name from ‘Aviation’ after the sense of movement in its façade and emphasis on sweeping views.  The lower levels will offer retail space for the convenience of its residences, just like the previous towers at Parkside Village. The motto here is “everything right at your doorstep”.

      Join Us for a Platinum Launch Event this Saturday, March 23rd, 2019 for special incentives and exclusive access! RSVP Today for your Spot!

      As soon as you walk through the main lobby, you will be greeted by the splendour that you will call home. Avia incorporates warm features with wood and the soft colours that have been the “it” trend among interior designers. The long wait was worth it. Come home to comfort and style.

      Amenities will be located on the 5th floor of the building and have been designed to keep in mind every resident. The outdoor yoga/ meditation deck and open play area are great for those that wish to relax and watch their children at play or if you wish to throw a Frisbee this is the place. If you practice yoga, you can do so at the indoor yoga studio located right next to the exercise room. The exercise room is equipped with the latest state of the art equipment.  For your little once, Avia offers a separate outdoor play area and an indoor play area. Your guests can stay over at the luxurious suites, after a night in – playing in the gaming lounge or watching the latest flick in the large theatre. The party room and Chef’s Kitchen are great for any party planners and of course, the BBQ enthusiasts have not been forgotten – the sun terrace, outdoor lounge, and BBQ area are all yours!

      As always, our buyers will have a choice between many functional and well-designed unit layouts. You will have picks of 1 bedroom, 1 bedroom plus den, 2 bedrooms and 2 bedroom plus den units. All units are equipped with the latest designer  Energy Star Stainless Steel Appliances, front load washer/dryer combo, large floor to ceiling windows, 9ft ceilings, laminate flooring, ceramic tiles, quartz counters, spa-like baths and gourmet style kitchens. Options for electric car charging stations are available for this tower as well.

      Why Avia?

      Location, location, location. Avia, just like Block 9 and PSVI and PSVII is located in the heart of downtown Mississauga. It is within walking distance to Celebration Square, Mississauga Public Library, Square One Mall, Sheridan College, Mississauga Transit and The Go Station. Within close proximity are restaurants, shops, parks, entertainment, movie theatres and highway 403.

      The previous phases have done extremely well and sold out quickly. Amacon is a well know builder with a great reputation and a long track record of building great high rises. Avia will be the next masterpiece in the Parkside Village community with great designs both throughout the building and within your own unit.

      We anticipate some high-end finishes and great colour palettes. If you prefer a darker unit or a lighter unit, there are typically 3 great colour palettes to choose from. You can choose your colours for hardwood flooring, cabinetry, tiles, countertops, and backsplash.  This allows you to customize the unit to your colour preference.

      The prices in Square One are still great for both first time home buyers and investors alike. We know that Avia condos will start in the mid- $300s for their 1-Bedroom units. Maintenance fees will be approx. $0.57/sq ft. These prices are very competitive with the resale condos currently sold in the area.

      If you are looking to get your Avia unit please contact meJoin Us for a Platinum Launch Event this Saturday, March 23rd, 2019 for special incentives and exclusive access! RSVP Today for your Spot!

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      • This entry was posted on Thursday, March 21st, 2019 and is filed under ALL Articles, Articles for Buyers, Pre-Construction Condos. Tags: , ,

      Eric Skicki

      5 Surprising Things That Can Affect Your Condo’s Value

      Written by Eric Skicki Tuesday, January 1st, 2019
      • Absolute Towers from Below for 5 things that affect condo value

         

         

        Condos in the Square One area are valued at and around $600 per square foot. And given that they can rise or fall up to 10% condo owners are keen to maximize their investment. Of course, the traditional methods are obvious things that upgrade the value of your Updated kitchens and baths or an unobstructed view. However, there are small and surprising building details that can affect the value of your unit. Some things will lead you to say “of course!” while others you can only know from observing the building or living there.

        These are the surprising things that affect Condo Value:

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        • This entry was posted on Tuesday, January 1st, 2019 and is filed under Articles for Buyers, Articles for Sellers, Condo Features, First Time Home Buyer. Tags: , , , , , , ,

        Eric Skicki

        Top 5 most expensive buildings in the Square One Area

        Written by Eric Skicki Friday, August 11th, 2017
        • Real Estate prices in the GTA have been on a steep incline this year. Many condos in Mississauga are now selling from the mid $500’s per square foot.  This is in line with what condos in Toronto used to sell for on average only 3 years ago.

          The list below is made up of the five most expensive buildings in downtown Mississauga based on a per Square foot basis. There are condos which have higher priced penthouse units (such as Absolute and Skymark) however they do not make this list.

           

          1. Crystal – 75 / 55 Eglintoncrystal condos

          Located just north of Square One, often called the “uptown of Mississauga”, Crystal condos consistently rank as of the most desirable and in demand condos in the area. Constructed less than two years ago, they are the newest completed buildings in the area.

           

          2. Onyx – 223 Webb

          Rated by many Realtors as the best overall building in the downtown core, Onyx still looks amazing despite being almost 7 years old. The rooftop party room and state of the art amenities make this one the crown jewel of all the City Centre buildings.   

           

           

          3. The Grand & Park Residence – 4099 BrickStone Mews & 4070 Confederation Pkwy

          Rising tall over 40 stories with amazing views of Celebration Square, the Grand & Park Residence tend to be the choice of many young professionals. The retail stores below the podium offer unique convenience not found in other nearby towers.

           

           

          4. Chicago – 385 Prince of Wales

          Praised for its elegance and original style, the Chicago building is definitely one you should check out if you are looking to buy a condo. Built by the award-winning builder Daniels, Chicago offers a great location for students looking to go to Sheridan college.

           

           

          5. Grand Park 2 – 3985 Grand Park

          Situated about half a kilometre from the busy downtown core, Grand Park 2 became a favourite for those who want a quieter location. With plenty of parking across the street, Grand Park 2 is perfect for those who like to entertain larger groups.

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          • This entry was posted on Friday, August 11th, 2017 and is filed under ALL Articles, Articles for Buyers. Tags: , , , , , , , ,

          Eric Skicki

          Why 3 bedroom condos do not exist?

          Written by Eric Skicki Wednesday, June 15th, 2016
          • absolute

             

            Over the past year or so, we are having more and more people inquire about moving into a three bedroom condo. In most cases, it’s either a family of four (mom, dad and 2 kids) or a family wishing to take their in-laws in to live with them. With freehold house prices well over $700k on average in Mississauga, larger condos do seem like a good alternative. However, 3 bedroom condos are harder and harder to find in downtown Mississauga. This blog will help explain why this is happening.

            Costs are high

            For anyone looking to buy a new 3 bedroom condo, the price can be a surprise to them. Since most three bedroom condos are in the 1200-1300 square foot range in size, with a cost of around $475 a square foot, the purchase price is often close to $600,000 brand new.

             

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            • This entry was posted on Wednesday, June 15th, 2016 and is filed under ALL Articles, Articles for Buyers, First Time Home Buyer. Tags: ,

            Eric Skicki

            Condo Closing Costs

            Written by Eric Skicki Wednesday, February 24th, 2016
            • closing-costsClosing costs are the fees which are associated with finishing any real estate transaction. In Ontario, these are usually paid for by the buyer, and usually cannot be added to the mortgage. Buyers must have money set aside on top of their down-payment to ensure they can take smooth possession of their property.

              In this blog post, we will cover the different types of closing costs and how they apply to both resale and pre-construction condos.

               

              Resale Condos

              Resale condos (those we find on MLS or on MySquareOneCondo) typically have what is commonly referred to as “standard closing costs”. These usually include items like lawyer fees, disbursements, mortgage charge and land transfer tax.

               

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              • This entry was posted on Wednesday, February 24th, 2016 and is filed under ALL Articles, Articles for Buyers, First Time Home Buyer. Tags: , ,

              Eric Skicki

              Ontario Condo Act Changes

              Written by Eric Skicki Tuesday, October 6th, 2015
              • condo-act

                 

                The Condominium Act in Ontario has been passed 17 years ago. Due to the new dynamic shift, and more and more condos being built, it is to no surprise that the number of condo units owned is estimated to be around 700,000. Over 300 of these condominiums are registered in Mississauga. It is also estimated that there are about 1.3 million condo owners and 10,000 condo corporations. It is inevitable that change comes about.

                The new proposed revisions to the act will be put in place to increase consumer protection for both buyers and owners. Improve how condos are managed and run and to strengthen the reserve fund for condos.

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                • This entry was posted on Tuesday, October 6th, 2015 and is filed under ALL Articles, Articles for Buyers, Articles for Sellers, First Time Home Buyer. Tags: , , ,

                Eric Skicki

                Parents Helping Their Kids Buy Condos

                Written by Eric Skicki Friday, September 5th, 2014
                • HelpingKidsBuyCondos

                  Will parent-investors become the new type of condo investors?

                  Over the past year, we have seen more and more parents buying condos for their kids to enjoy in the future. The most common purchase is a pre-construction one bedroom/ one bedroom plus den condo, which typically goes for about $270,000-290,000 depending on the size, floor and layout.

                  What makes the parent investor different from your traditional condo investor, is that they are in it for the long term. Typically this means anywhere from 5-10 years.

                  When the parents initially purchase these pre-construction condos, the kids are sometimes as young as 14-16 years. Once the pre-construction condos are ready, parents hope to rent them out for a few years and have their kids move in once they have finished school and land a good job.

                  If the parents, for whatever reason, decide that the kids should not move in, then they can continue to rent out the condo (so that it pays itself off), or sell it for an anticipated profit. Parents see this as a “win-win” situation.

                   

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                  • This entry was posted on Friday, September 5th, 2014 and is filed under ALL Articles, Articles for Buyers, Investment. Tags: , , , ,

                  Eric Skicki

                  What Makes Good Condos, Simply Amazing!

                  Written by Eric Skicki Wednesday, May 21st, 2014
                  • For any buyer looking to purchase in downtown Mississauga, the process of buying a condo can seem overwhelming. With so many buildings to choose from, buyers are often left with uncertainty, not knowing if they have purchased a unit that they will completely be happy with. This is why I always stress to my buyers, that the most important aspect of selecting the right condo is – lifestyle. The lifestyle each condo has to offer is different, and I believe each buyer should be educated as much as possible about each condo (both negative and positive) before they commit to the purchase. In this blog post, I will cover some of the features which make a condo stand out from the others.

                     

                    Condos for Sale in MississaugaFree Parking Access at Chicago:

                    385 Prince of Wales is one of the only buildings that have a lot of visitor parking space since it is outdoors. It is also in front of Rabba and Dry Cleaners. It seems that many condos in Square One have two issues when it comes to parking. 1.) Time restrictions and limitations – how many parking passes a month are issued for your guests. Example only 8 passes a month. 2.) Availability – the condos that don’t have these restrictions have issues with availability. On the weekends; Friday and Saturday nights parking spots are very scarce.

                     

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                    • This entry was posted on Wednesday, May 21st, 2014 and is filed under ALL Articles, Articles for Buyers, First Time Home Buyer. Tags: , , , ,

                    Eric Skicki

                    The Evolution Of Real Estate Offers

                    Written by Eric Skicki Saturday, October 5th, 2013
                    • real-estate-offers

                       

                      Real estate has come a long way over the last decade or so. We have seen a peculiar change in the dynamics of how properties are marketed by the seller and searched for by the buyer. Years ago, it was unheard of that someone could be sitting halfway across the world on their computer, searching for properties and then buying them. Today, this has become mainstream. Buyers do not need to be in the country in order to purchase a property. In this blog post, I will share some of my thoughts on how the presentation of offers has changed over the past few years.

                      Traditional Offer Presentations

                      Traditionally speaking, the real estate purchasing process looked something like this:

                      A client would contact a REALTOR to help him find a new home. The agent would show him a series of houses until the perfect one was found. The REALTOR and client would then meet at the agent’s office and write up an offer. Once the offer was completed and signed, the buyer’s agent would contact the seller’s agent to arrange a time when the offer could be presented in person. The face to face meeting would usually take place late at night and it was common for all the parties (both agents, buyers and sellers) to be up past midnight to get the deal done. Sometimes, there were six copies of the offer that needed to be signed and initialled by all parties. Since photocopying was not an option, any major changes that were made in the offer would result in completely rewriting the offer, which would take hours. The offer process was tedious and extremely time to consume for everyone involved.

                       

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                      • This entry was posted on Saturday, October 5th, 2013 and is filed under ALL Articles, Articles for Buyers. Tags: , , ,

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