Diam Developments launches the Easy Own Program for first-time homebuyers
By Lucas on Nov 23, 2015
After a very successful preview and grand opening at On The Danforth Condos, Diam Developments has launched the Easy Own Program, which aims to assist first-time homebuyers in taking the big step into homeownership.
When On The Danforth Condos launched, there were already many first-time homebuyers interested because of the site’s location on Danforth between Woodbine and Main subway stations. This up-and-coming area has many local amenities like grocery stores, shops, and banks, and there are good signs that more retail will be opening up soon.
Plus, prices were starting in the mid $200,000s (and still are), which is the sweet spot for young couples and working professionals who have been saving up for their first big investment.
The Easy Own Program allows qualified first-time homebuyers to purchase with just a 10% downpayment. With a 2.7%, five year, fixed-rate mortgage and a 25 year amortization, that equals out to $499 biweekly. And that includes the principal AND interest! (Conditions apply, you should ask to speak to a sales representative for more details.)
In some cases, especially if you’re renting in the downtown core, you’re lucky to find a monthly rent that is less than $1,000. Of course, when you buy a condo, there are other things to consider like property tax and maintenance fees, so be sure to calculate this information into your budget so you know exactly how much you can afford.
You also have to look at the Easy Own Program as an investment opportunity because of the location of the condo. On The Danforth Condos is going to be a high quality boutique condo in an area that is poised for growth.
The president of Diam Developments, Moninder Khudal, has a history of building “ultra-luxury” housing developments, creating estate properties worth on average between $3 million and $4 million. Khudal is bringing that experience to On The Danforth Condos, so the units will offer high end features and finishes.
“People are going to see the difference in our building,” Khudal said when we first talked to him about Diam’s new condo. “The quality will be top of the line. It’s the small, small details that make a difference – how the kitchen cabinets are hung, how the tiling is installed, if the kitchen island is set right. We bring a high quality of workmanship to our developments.”
esQape Design worked on the interiors at On The Danforth Condos. A few of the stunning high end features and finishes include 9’ and 10’ ceilings, laminate flooring, five appliances, and sleek quartz countertops.
The amenities at On The Danforth also have today’s condo buyer in mind, featuring a pet spa, plenty of bike storage, and a multi-purpose room with a kitchen and a private dining area that opens up to an outdoor terrace. On the 10th floor, Club Danny features a rooftop barbecue terrace, a spacious lounge, and a fitness centre with an outdoor yoga area.
Visit the model suite at On The Danforth Condos
The presentation centre at 2359 Danforth Avenue has a beautiful model suite that you can tour. The model is of the Queen floor plan, which is an 870 square foot two+den unit with a 280 square foot balcony.
For more information about the Easy Own Program, visit the presentation centre or call 647-348-9009.
