Ever thought buying a new condominium in Scarborough with a really low down-payment is doable? It is here. With growing prices in the GTA condominium pricing, saving up for a down-payment can take some people up to 10 years in savings. As a first time buyer, the developer behind 253 Markham Rd Condos Options For Homes Developments has programs that will actually subsidize your down-payment with no monthly payments acting almost as a “Co-owner” in the profits – essentially meaning that when you sell and you make say $100,000, Options For Homes will want 10% of that paid back to them including the funds that were used to subsidize your down-payment.
If you don’t sell, you don’t pay its such a great program that really does not exist in the GTA market. Being one of Canada’s top homeownership assistance programs, all you would need to purchase is 5%. You would not need to pay back monthly payments on the 15% that is loaned to you (interest-free). It simply doesn’t get any better than that for those really looking to get into the market.
Let’s start off by talking about the Transit nearby. You’re a 20 min walk or a 3 min drive to Eglinton GO station. This allows you to get into the city so easily and conveniently for those working Downtown or anywhere in Toronto. As we all know, Eglinton has the Crosstown line running East and West along Eglinton. The nearest stop to this would be West to Kennedy which is only 3 main intersections away.
The very short distance where 263 Markham Rd Condos will be developed. The best part of the LRT is that it’s estimated to complete much before this project will be ready. Nearby amenities are amazing as you can walk into Scarborough Village. Access tons of shops, grocery stores, banks, and much more all within walking distance. This is always important as convenience is a big factor when shopping for a new home. Being on the north side of Kingston and steps away from the Kingston Rd strip allows you easy access to some of Toronto’s best parks and beaches such as South Marine Park, Cudia Park, Sylvan Park, Scarborough Bluffs, Cedar Brook Park, and many more outdoor amenities to improve your quality of life outdoors.
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