253 Markham Rd Condos, a real purchase opportunity
Ever thought buying a condominium 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 home ownership 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 convenient 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.
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 on 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.
Options For Homes is one of a kind where they allow buyers to purchase with only 5% Down (Must meet specific criteria). They are known to be one of the most helpful and resourceful builders for those who actually want to own a home. Many cannot come up with crazy amounts of funds that are required nowadays in the Toronto Real Estate Market. Options For Homes latest project which recently completed was Danforth Village Estates and The Village by Main Station. They also partner with Tridel's sister company Del Construction for all the construction work. This means that all the developments are built by some of the industries top professionals. It has not been verified that they will be using Tridel's sister company yet
The Building of 253 Markham Rd
There will be two 19 story condominiums connected by a podium and behind will be condominium townhomes. This is a great product for the area, allowing families to get into the space they need depending on their needs. The development itself will consist of a total of 640 residential suites. offer outstanding finishes and overall amenities that will make you feel comfortable calling home.
Sales Release Information
Those looking to get into the first round of VIP Sales, we kindly ask you to register on this page. We will do our best to keep you updated - When buying new build projects, it is very important that you purchase before the general public. This way you can the best incentives and availability on suites. Sales are expected to launch around September or Q4 or 2020.
Looking for more options in Scarborough? Check them out now!