Prime Opportunity for Real Estate Investors
A rare opportunity to buy below market price, in a fast growing district
Fast Growing Area
The east side of Yonge Street has undergone remarkable growth over the past 5 years, mostly due to large investments in education, finance, health science, and technology, including Ryerson’s new 333,000 sq.ft Daphne Coxwell Health Sciences Complex, as well as St. Michaels Hospital’s $300-million redevelopment.
Prime Condos is walking distance to 2 subway stations, shopping at the Eaton Center, live events at the busy Yonge-Dundas Square, and lots of boutique shops, cafes and restaurants. The area is also serviced 24/7 by streetcars, easily getting you where you need to go downtown – which is why it earns a 100/100 transit score. Toronto’s most exciting venues such as City Hall, St. Lawrence Market, TIFF Bell Lightbox, CN Tower, Air Canada Centre, Rogers Centre, and Harbourfront Centre are all close to Prime Condos.
Fastest Growing Developer in GTA
CentreCourt specializes in high-rise communities across the GTA. They are one of the most active high-rise developed in the GTA, and represent over 5000 homes and over $2 billion dollars of development value. Their mission is to build high standard, and high-quality product, and have had
zero delayed occupancies.
▶ Heart of Downtown
▶ Across from Ryerson University
▶ Mixed-Use Condo Community
▶ 45-Storeys, 576 Units
▶ Eaton Centre
▶ Yonge-Dundas Square
▶ Shopping, Restaurants
▶ Toronto’s Financial Core
▶ Starting from High $300s
High Demand for Rental
Rent growth in the East Core has increased 20% in past year, compared to the 11% in rest of Toronto. Making this an ideal opportunity for investors who plan to rent out their property.
Being one of Toronto’s most dynamic and fastest growing districts drives exceptional rent growth in this area, which is largely driven by the great location, but also because there is not enough housing on the Ryerson campus to accommodate the growing number of enrolled students. With over 40,000 students per year, there is only enough space in on-campus residences for 850 students. This creates a huge demand for off-campus housing, and a great market potential for your investment.
Built with Students in Mind
Directly across the street from Ryerson University, Prime Condos is built with students in mind. Units range from bachelor to 2-bedroom plus den, and the building features a 5000 sq-ft open workspace inspired by WeWork – giving students a great shared space to study and work on group projects.
It is a great area for students of Ryerson University or the University of Toronto. This building also features a 5000 sq-ft fitness facility.
Prime’s proximity to Ryerson University campus, and short commute to the University of Toronto, makes it an ideal location for students.