Another Presale in my portfolio!

I'm thrilled to announce that we've included a 4th presale in our portfolio. A junior 2bdrm unit for $635,900. Here are the five compelling reasons behind this decision.

Attractive Investment Terms: With only a 10% down payment and an expected completion in 2028, this presale offers favorable terms compared to our other units completing in 2024 and 2025.

Rapid Appreciation in Property Value: Downtown Surrey concrete condos have shown a remarkable increase of $100/sqft in the last two years. Using a conservative estimate of a similar increase over the next four years, my initial investment is poised to grow by an impressive 92%.

Strategic Timing for Family Use: By 2028, we anticipate having two adult children, providing the option for them to potentially reside in the property. This not only adds a personal touch but also presents an opportunity to save on property transfer taxes.

Flexibility with Assignment: The presale comes with the advantage of a zero assignment fee for the 1st 75 units sold. This allows us the flexibility to potentially assign the contract for a profit before completion, with the only cost being the administrative fee.

Sentimental Value and Evolving Area: The property's proximity to Whalley Ballpark, which his is close to my heart. Furthermore, the evolving nature of the area suggests limitless potential for growth and development.

For more presale opportunities, feel free to give me a call.  I'll share the pros and cons.