Housing

DNA Condos - Exterior

Investment Opportunity in Toronto’s King West Community! – Naveen Varghese

Naveen Varghese, sales representative from Right at Home Reality Inc. is currently offering homebuyers and investors very attractive terms for a chance to get a piece of Toronto’s trendy of King West!

For just 10% down payment, you can own your King West haven at DNA Condos – Phase 3. This development redefines the modern expression of the King West community in Toronto. The building’s architectural exteriors make it the most distinctive DNA yet.

Varghese says an investment in the project makes sense for many reasons:

  1. You need to only come up with 10% of the down payment to secure a condo at current rates.  Very few builders allow this kind of deposit structure.  In this case, the fact that we are already at Phase III demonstrates that your investment is secure in a sound project with a reliable developer.
  2. The time frame for completion is still three years away which gives you plenty of time to save and come up with the balance or even organize yourself for a mortgage.
  3. Assignments are permitted and it is a lot easier to flip something as an assignment when you are dealing with a low deposit!

Varghese is a strong proponent of home ownership. “A home has two strong things going for it as an investment. First, any capital gains on your principal residence are tax-free. If your home appreciates by 6 per cent, you get to keep every cent of your gains,” says Varghese.

Now 6 per cent may not sound like much, but in terms of how much you end up with, you’d have to earn as much as 12 per cent on a fixed-income investment such as a GIC to match that return, after tax.

Varghese notes that “you don’t have to come up with the full purchase price, meaning you’re able to harness leverage. The conventional mortgages require a down payment of 25 per cent of a home’s appraised value where as the High Ratio Mortgage, requires only 5% down payment.”

For more expert real estate advice, contact Naveen Varghese at 647-993-4145 or naveen@condosnhomes.ca.

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2 Responses to “Investment Opportunity in Toronto’s King West Community! – Naveen Varghese”

  1. February 06, 2011 at 4:14 pm, Malik Hashim said:

    I live in Santa Monica, California. I am looking for an investment property in Toronto. I came across this development and I need some more information about it. Thanks

    Malik Hashim
    2302 Pier Ave.
    Santa Monica, CA 90405
    310-985-3136 cell

  2. June 26, 2011 at 1:31 pm, Divya said:

    where can one post a free classified ad at mybindi? thank you

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