New & Pre Construction Condos In Oshawa

Why Should You Invest In Oshawa Real Estate? 

Investment in real estate in Oshawa is one of the fastest-growing investments available to buyers today. The city is thriving with a diverse range of opportunities for people looking for their next investment property, and there are plenty of properties available that offer potential buyers a great return on their initial investment.

Oshawa has a number of different residential options available, from condos to single family homes and duplexes. These properties give investors the chance to create a solid base for their future real estate portfolio, especially those who are looking for a relatively low-risk investment. Oshawa’s low home prices also make it easier for investors to purchase multiple units at once or spread their investments across multiple different properties so that they can take advantage of the income they generate.

The city of Oshawa has seen tremendous growth over the last decade when it comes to real estate demand. The result of this rapid growth can be found in the city’s high value for real estate and how a great deal new properties come available each year. There are many reasons why the market is booming – one of which is that Oshawa has received a great number of new developments, both pre-construction properties and ones being built right now. This, combined with the fact that the city has become a top choice for people who want to live in a place with a low real estate price, means that there are high-quality properties available at great prices.

Average Condo Price for Oshawa  in 2021

The average price of new condos in Oshawa, is $289,250. This is a decent price for a new condo. But after factoring in all the tax savings and other investment benefits, the price is even more attractive. In comparison to Oshawa’s single family homes, which can sell for an average of $270,000, condos start to look pretty good. These are great options for investors who want to build up a solid investment portfolio, especially because they pay off their mortgage over time with the added income.

In Oshawa, pre construction condos for sale are always a good investment. This is largely because they tend to have low prices, so buyers can buy a property with the intention of renting it out for a profit. It’s important to keep in mind that when considering any new real estate development, it’s best to make sure that the building you’re investing in has been constructed by an established developer and that they have a history of completing projects on time and within budget. The same can be said for new construction condos in Oshawa.

About Oshawa

Oshawa is a city in the Province of Ontario, Canada. It is located in Southern Ontario, at the mouth of the Rouge River on the shores of Lake Ontario as part of what can be considered Greater Toronto’s eastern suburbs. The city has undergone significant growth in recent years and has experienced an increase in population each decade since its incorporation (except for between 1941 to 1951). As a result, Oshawa now ranks as one of Canada’s largest cities. Originally, it was a conglomerate town composed mainly of five smaller communities: Oshawa Centre – which used to be known as Oshawa; Westwood – which used to be known as Rosslyn Park; Lakeridge-Carrick – which used to be known as East Oshawa; Downtown Oshawa, and a community known as Lakeview. In 1967, these five communities were amalgamated into a single municipality.

Oshawa is also home to an extensive park system along the lakeshore, which stretches from west to east at all points along the lakeshore except for a small gap in between Thornton Beach Road and Jackson Street.

The city has several multi-story buildings available and is home to many manufacturing companies. The most popular industries in the city today are followed by agriculture, automotive parts, food processing and wood product manufacturing. Oshawa residents enjoy the low cost of living, friendly neighbours and prime central location as well as its close proximity to Toronto without the price tag.

There are many reasons why Oshawa is a prime choice for those who want to invest in real estate to generate income. The city has seen growth over the past decade in its economy, its population, and its real estate prices. This growth has resulted in the creation of many new developments within the city, which means that investors have more options when it comes to properties for purchase. In addition, the city has become a desirable choice for buyers. Its residents enjoy low real estate prices, as well as its low crime rate and the high quality of the schools in the city.

Oshawa Accessibility / Getting Around

Oshawa accessibility has been an issue for the past few decades. Most notably, the city’s transit system is not conducive to its size. It’s lack of access to public transportation is a major source of frustration and inconvenience for residents who rely on it as a mode of transport within the city. The Oshawa Transit System (OTS) currently consists of three bus lines that are covered by 5 buses. In comparison, any other transit system in Canada operates with 19 routes in Toronto and 23 routes in Ottawa (Transit Systems).  Oshawa has also struggled with providing good customer service to its passengers because it doesn’t have anything comparable to Toronto’s subway stations or Ottawa’s bus shelters.

Oshawa’s transit system is considered a failure, and it has been that way for a while now. It has not accomodated the growing size of the city’s population and its lack of expansion has left many residents severely disappointed.

Oshawa has a very high quality of life for its residents. The city is home to many amenities and public spaces that cater to the needs of everyone living there. You can find a park on every lakefront, and Oshawa Beach Park is one of the most popular parks in the city. It offers picnics, sailing, surfing and swimming. For those who enjoy more urban settings, you will also find parks near downtown Oshawa that provide great opportunities for recreation activities like soccer or basketball games or just relaxing on the benches.

There are many other family-friendly activities available throughout the year in Oshawa such as skating at one of its outdoor rinks during wintertime or exploring any number of festivals held throughout the summer. No matter when you visit, there’s no doubt that you will find a park or an activity that interests you.

FAQs

What are my closing costs on a pre-construction condo?

The pre-construction condo closing costs are typically higher than the actual purchase price because these costs go towards the development and construction of the building. The final price that you will be paying is typically a few hundred dollars more than its initial listing price. Closing costs for a pre-construction condo vary depending on the location, developer, and size of the unit you’re investing in. This can be due to different development fees, legal fees, land transfer taxes and others. On average, you will be paying between $100 and $200 per square foot, but these costs may increase or decrease depending on your area.

What is an Assignment?

An Assignment is the process of transferring ownership of a property to someone else. The process can be initiated in one of two ways, either by the lawful owner or by someone else with a contractual right to purchase. It is usually initiated after a legal dispute has been settled in one’s favour. This is also known as a Judgment and is usually filed in the same court where the original dispute took place. The process may involve a form of administrative procedure called Judicial Review – an action for a decision that has been made by the authorities of the state (usually by a judge or magistrate) where there is substantial doubt about their decisions and authority.