Invest in a New Condo with Confidence at Minto Westside
By Lucas on Jul 22, 2015
For all you potential investors out there that are still on the fence about investing in Toronto’s lucrative condo market, Minto is offering an amazing limited time incentive at Minto Westside!
Investors have the opportunity to purchase at Minto Westside and participate in the 2 Year Rental Guarantee program. It’s super simple; as an investor, you will receive 6% of the purchase price on a monthly basis for a span of two years. That’s 24 months of rental income without having to hire a property management company or being a landlord!
“Minto Westside wanted to challenge the idea that owning property downtown is unaffordable,” says Amanda Wilson Watkins, Vice-President of Marketing and Sales for Minto, in a recent release.
Lobby
Let’s look at an example: If you purchase a suite at Minto Westside that costs $400,000, that equals $2,000 a month for two years. During the two years, the suite is professionally managed by Minto. You will start receiving your payments when the building begins occupancy. NOTE: you will still be responsible for insurance payments, maintenance fees, leasing fees, and carrying costs, so this should factor into your decision. The monthly rental income would surely be enough to cover these costs and then some.
To go one step further, Minto has partnered with Rebate4U to help purchasers access HST rebates of up to $24,000! Basically, Minto is trying to make it as secure as possible to invest in Toronto’s condo market, making the whole experience a more comfortable experience for you.
“With guaranteed income on your property, it’s a safer investment than ever,” says Wilson Watkins. “This location and design will always be in-demand and we wanted to give our purchasers the opportunity to leverage that equity.”
The design of Minto Westside is quite eye catching, and will surely make a strong impact on the corner of Front and Bathurst. We’re not necessarily haters of the glass boxes in Toronto, but we love how Minto Westside is doing something different with this modern-contemporary design. The design is inspired by the neighbourhood’s industrial past, playing off the warehouse aesthetic. “Given the significance of this location as a defining entry point to the city, we wanted to create something truly unique for this site,” says architect Rudy Wallman of Wallman Architects.
The first phase of Minto Westside features 345 suites, ranging from 501 to 950 square feet, in an 18-storey tower. The suites range from one- to three-bedroom and offer impressive interior features and finishes, like contemporary European inspired kitchens with Caesarstone countertops, designer selected engineered laminate flooring, porcelain and ceramic tile, and 9’ and 10’ ceilings.
Corner of Front and Bathurst
The neighbourhood is surrounded by other heritage areas, like Fort York, and is within walking distance of the very popular King West. And all you have to do is head south to get to the lake. The Bathurst streetcar and King streetcar lines are easily accessible and connect you to every other neighbourhood in the downtown core!
“With such phenomenal design, an unparalleled neighbourhood experience, and now a rental guarantee, you won’t find a downtown residence come along like this again,” says Wilson Watkins. “Minto Westside is the new benchmark in the Toronto condo market.”
Minto Westside also has its own amazing amenities!
Learn more about Minto Westside
If you’re interested in the 2 Year Rental Guarantee program at Minto Westside, then visit the sales centre at 25 Bathurst Street Monday to Thursday from 12 pm to 7 pm or on the weekend from 12 pm to 5 pm. You can also call 437-836-8586 for more details about the program and the available suites. Prices start in the high $200,000s, so you need to act quickly!
