Lago Condos Launches to VIP Brokers
A few weeks ago we took a closer look at Lago Condos and mentioned that it would be one of the major condominium launches this summer, and we were bang on the money. Armed with incredible architecture, some of the BEST views the city has to offer and an incredible price point with some amazing platinum broker incentives (available to clients of TalkCondo), Lago on the Waterfront is our “Investor Pick of the Month” for July.
Humber Bay Park has been one of the fastest growing sub-districts in Toronto, and Monarch Developments have been at the heart of the growth. When the neighbourhood is complete, Monarch will boast five towers in the very popular location. The neighbourhood has shown appreciation rates as high as 10% per annum (on par with some of the fasted growing sub-districts in Toronto), and units that boast premium lake views appreciate even higher still (as platinum brokers, we stand a great chance of securing the prime units at Lago Condos).
The Arcitechture for Lago Condos got us very excited early on. Wrap around balconies all around with a very unique looking building that will stand 49 Storeys
Humber Bay Park is one of our personal favourite districts in Toronto. Located just a few minutes west of Toronto, the neighbourhood boasts a very quaint and “resort” like feel. If you have not had a chance to drive around “Marine Parade Drive”, you owe it to yourself to do so, especially during the summer time. Below is a sketch by TalkCondo to give you an idea of where Lago Condos will sit with relation to the other developments. Many of the units will feature terrific unobstructed lake views.
Approximate Clearance Levels required for Lago Condos. Lago orientation is based on the floorplate on the floorplans.
The floorplan geek inside all of us will be thrilled to hear that the floorplans for Lago are very good. Excellent use of space and lots of windows to enjoy the incredible lake. Suites start from 420sq.ft. Studios and range all the way to 1,401sq.ft. 2 Bedroom and Den units with a huge wrap-around balcony.
Excellent floorplans at Lago Condos. Very nice living space, generous bedroom with quick access to washroom, very nice large closer and of course, the excellent full width balcony that accompanies all the units. Contact us for full floorplan and price list package.
VIP RELEASE DETAILS
TalkCondo are now taking registrations for the VIP release of Lago Condominiums. Prices start from the low-to-mid $500’s per square foot (INCREDIBLE for this location. Ocean Club and Nautilis selling from $600 per square foot) make it a very very attractive proposition at this stage. TalkCondo clients also benefit from incredible discounts that range from $10,000 to $25,000 off the purchase price.
In addition, deposit is just 15% in the first 9 months with an additional 5% at the start of construction (or 18 months, whichever comes first). Occupancy is scheduled for December 2016, one of the latest developments to finish. This is a huge bonus for investors as it gives your deposit a lot of time to appreciate in value. The development is priced very very well to begin with, and with almost FIVE YEARS for your money deposit to grow, it makes it even more attractive. By 2016 the location will be very developed – Ocean Club will have already been two years old (and Lago owners will benefit from the higher Ocean Club prices) and the new retail and grocery stores will be added to support the new residences. This is a terrific opportunity to invest in a terrific waterfront project.
To recap:
- -VIP Prices and Premium Suite Selection
- -Prices from low-to-mid $500’s per square foot (including Parking & Locker for most suites) – excellent value for the area
- -Amazing price discounts for TalkCondo clients – from $10,000 to $25,000 savings
- -Deposit Structure very investor friendly. Just 15% in the first 9 months, an additional 5% at construction start or 18 months
- -LONG closing: Scheduled for December 2016. Entire neighbourhood will be established and giving investors plenty of time for their deposits to work hard for them.
Among other reasons, here is why we believe LAGO to be an incredible choice:
a) Location – Humber Bay Park is not just stunning, it has also shown significant price appreciation and demand over the years. Premium suites have commanded appreciation up to 10% per year.
It is extremely important to note that the appreciation rates in Humber Bay Park are very closely tied to the quality of the view. With the noisy QEW on one side, and the incredible Lake Ontario on the other, the appreciation rates differ drastically from one side to the other. Suites with poor views have appreciated as little as 3%, which suites with premium views appreciate up to 10% year (and even higher in some cases). On average, buildings in this neighbourhood have appreciated at approximately $20,000 per year, or between 7-8% per year.
b) Waterfront & Views – Two things never go out of style no matter you are: City living and Waterfront living. The views at Lago are among the best in any development with amazing unobstructed lake and city views.
Incredible Lake Views. It don’t get much better than this, folks
c) Developer – Monarch are one of the most reliable developers around and have been involved in many successful projects throughout the years. Lago will be Monarch’s fifth development at Humber Bay Park.
d) Architecture – Lago Condos is instantly recognizable and very unique. This will help the development stand out from the crowd in Humber Bay Park.
Closer look at the balconies that will wrap around Lago
e) Future Growth of the Area – Humber Bay Park and Mimico has undergone a huge transformation in the last 10 years. The increase in retail in the next few years will help the area grow even further.
We are very excited about Lago at the Waterfront. We are now taking registrations and worksheets to reserve units. For more information on the development (including floorplans and prices etc.) please contact us using the form below.
