The Academy Condos Starting at $188,800!
By Penny Munoz on May 08, 2014
One of the Greater Toronto Area’s next up-and-coming neighbourhoods is featuring a great opportunity to own real estate in the heart of the excitement!
The Academy Condos by Devron Developments and Lemine Group will be a 26-storey building with over 330 suites, located right beside the University of Toronto’s Scarborough Campus (UTSC). Not only does this mean that this will be an ideal place for students, but it should make for a very appealing investment opportunity for those who might be interested in renting out a unit. The development itself is a combination of commercial and residential properties, which will help accommodate for predicted expansion and urban intensification in the area. Already close to all the necessary amenities; major highways, accessible rapid transit, grocery stores, shopping centres, relaxing green spaces and restaurants, The Academy will surely contribute to the evolution of the area.
Of particular interest to potential investors, the UTSC already maintains a student population of 12,000 with campus rooming options available for only 769 students, which are limited to first-year students only. Research indicates that projected enrolment will grow by 400 students each year for the next 20 years; meaning, approximately 8,000 more students will be looking for housing accommodations in that short period of time.
We’re not the only ones to say this is a promising community; BlogTO once boasted about the gorgeous scenery at Morningside Park, encouraging Torontonians to call this their new cottage-like getaway - just check out the beautiful ravine! Canada’s premier urban wildlife park, Rouge Valley is nearby for active, adventure seekers who are curious to explore the depths of urban wilderness, as well as the Scarborough Bluffs.
Only a short walk away from the UTSC campus itself and Centennial College, students can leave their cars at home, reducing monthly spending, getting some fresh air and exercise, and cutting down their carbon footprints! For those students that do bring vehicles, a trip home is facilitated by quick and easy access to the 401 and DVP.
The City of Toronto is collaborating with the University of Toronto and major retailers to rejuvenate the neighbourhood by bringing in a new shopping complex and expand the 401 and subway/LRT routes. The Ontario government has already committed $248 million to a nearby sports facility that will be completed for the 2015 Pan Am Games, which is the largest investment the Canadian government has ever made in amateur sports. There will also be a $65 million Environmental Science and Chemistry Building added as part of the University expansion plan.
With prices starting as low as $188,800, don’t miss out on this opportunity to capitalize on a once in a lifetime investment opportunity, visit www.academycondos.com for registration details.
