Investment

Eric Skicki

Buying Resale VS Pre-Construction Condos in Mississauga

Written by Eric Skicki Sunday, April 29th, 2012
  • pre-construction condos vs resale condos

     

    Over the past few weeks, I had several clients inquire about investing in Square One condos. One question that seems to arise is whether pre-construction condos or resale condos are the better buys. Clients, regardless if buying for principle residence or investment purposes, want to make sure that their real estate purchases appreciate accordingly with the market, and that when they wish to cash out on their condos they have the option to do so.

    I hope to give some insight into buying both new and resale condos in Mississauga. I want to cover new and resale condos from both a primary residence and investment perspective.

     

    Pre-construction Condos

    Prices of pre-construction condos in downtown Mississauga are currently between $420-470 a square foot. To put into perspective, a one bedroom plus den condo that is 650 square foot goes for roughly $270k-$310k. These prices may seem high to some people, but keep in mind that places like Toronto are currently selling between $600-800 a square foot for pre-construction condos. Although Toronto and Mississauga differ in many ways, this does suggest that the prices of Mississauga condos still have room to grow.

     

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    • This entry was posted on Sunday, April 29th, 2012 and is filed under ALL Articles, Articles for Buyers, Investment. Tags: , , , ,

    Eric Skicki

    Pinnacle Uptown Condos – VIP Sale

    Written by Eric Skicki Thursday, March 29th, 2012
    • crystal condos Mississauga

      UPDATE April 9th, 2012 – There are some limited VIP units left for sale. Please contact me before prices go up.

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      The much anticipated Pinnacle Uptown Condo is launching its VIP Agent Sale Wednesday, April 4th at noon sharp! This sale is closed to the public unless you are on the VIP agent list. To join this list for free please contact me.

      The first phase of this condo project will be called Crystal condos and will include two buildings; one 24 and the other 28 stories tall. The Pinnacle Uptown condos are great for anyone looking for an upscale downtown Mississauga condo lifestyle, yet at the same time being close to two major freeways which lead in and out of the city. Hurontario and Eglinton is a well-established area in the heart of Mississauga, thus those looking to buy the Crystal condo as an investment are sure to get a good return on their money.

       

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      • This entry was posted on Thursday, March 29th, 2012 and is filed under ALL Articles, Investment, Pre-Construction Condos. Tags: ,

      Eric Skicki

      Investing in Mississauga Condos – 2012

      Written by Eric Skicki Tuesday, March 27th, 2012
      • investing-in-condos-mississauga

        With new condo sale records broken once again this year, Mississauga is once again in the spotlight of many who seek a good return on their real estate investment. According to a report by the Toronto Real Estate Board, Mississauga condos experienced a healthy 7.21% price increase from February 2011 to February 2012.

        This is more than double of the 3.31% price increase found in Toronto, between February 2011 and February 2012. Not surprisingly, condos in the Mississauga area are considered more affordable with the average price at $241,900 as compared to Toronto; where prices on average hovered around the $320,000 mark.

        In this blog post I hope to share some of my personal client experiences, and how investors; both local and distant are choosing Mississauga condos as their number one real estate investments in 2012.

         

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        • This entry was posted on Tuesday, March 27th, 2012 and is filed under ALL Articles, Articles for Buyers, Investment, Market Statistics. Tags: , , ,

        Eric Skicki

        Marilyn Monroe Absolute Condos Penthouse Sale

        Written by Eric Skicki Tuesday, February 28th, 2012
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          With Marilyn Monroe condos (50 and 60 absolute) near completion, the builder Fernbrook Homes is excited to release the final phase of this monument condo. This release will include three penthouse units which range from 1600 to 1785 square feet in size. The penthouses will have access to the “absolute club” with a large indoor and outdoor swimming pool, whirlpool bath, change rooms, 2 squash courts and more! Seeing as how the condo units are still not complete, the buyer still has the option to select certain color finishes and upgrades. Occupancy expected to be in July and August 2012.

          These units are still not for sale to the public for another 3-4 weeks, however for those interested, I can grant you instant VIP access to the pre-sales event.  The penthouse units can be seen in person, including the views they offer from the 50th floor.

          Each Penthouse includes 2 parking spots and maintenance fees are approx. 52 cents /Sq ft. The prices of the Marilyn Monroe Absolute Condos Penthouses range from 1.2 million to 1.4 million CND.

           

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          • This entry was posted on Tuesday, February 28th, 2012 and is filed under ALL Articles, Articles for Buyers, Investment, Pre-Construction Condos. Tags: , , ,

          Eric Skicki

          New 2012 PSV Parkside Village Condos by Amacon

          Written by Eric Skicki Tuesday, February 21st, 2012
          • UPDATE: Prices released for PSV 2 condos. JUNE 9TH 2012 – One Day sales event. Click here

            With 2011 well behind us, it looks like we might have an early spring and early jump start to the Mississauga condo real estate market. The developer Amacon is close to releasing their new 4th phase condo of their 11 building project in downtown Mississauga. The 4th phase condo will be called PSV condo, which stands for Posh Style Vibe and should be released by the end of April or beginning of May of this year. As usual, we will have all the information on the PSV condo including prices and layouts. The condo will be located near Confederation and Burnhamthorpe, which is walking distance from Square One shopping center.

            If you are considering buying this condominium and this is your first pre-construction condo purchase, then I encourage you to check out this page about pre-construction condos in Mississauga.

            For VIP prices and agent registration for PSV condo, please contact me

             

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            • This entry was posted on Tuesday, February 21st, 2012 and is filed under ALL Articles, Articles for Buyers, Investment, Pre-Construction Condos. Tags: , , , ,

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