The Brix Condos
The Brix Condos is an upcoming pre-construction condo development by MDM Developments, located at 121 Mary Street in Creemore.
Key highlights of The Brix Condos:
Location:The Brix Condos is situated in the heart of downtown Creemore, offering a convenient and central location. Creemore is only a 20-minute drive from Collingwood and 30 minutes from Barrie. This strategic location allows for year-round vacation investment opportunities. It's close to ski resorts and trails during the winter months, and festivals and provincial parks during the summer. This means that vacation rentals can thrive throughout the entire year, minimizing any "down season."
Amenities:All plans at The Brix Condos include desirable features such as islands, double sinks, full-size appliances, and large balconies. These features contribute to a comfortable and modern living experience for residents.
Investment Opportunities:The Brix Condos offers an attractive investment opportunity. The average price per square foot (PSF) is around $665, making it a competitive investment option. Moreover, the development has NO rental restrictions, which is a significant advantage for investors. This means that owners can use platforms like Airbnb for year-round rentals, maximizing their rental income potential. Additionally, the deposit requirement is set at only 10%, making it relatively accessible for potential buyers.
Scarcity in New Developments:Creemore's location and the freeze on new developments in nearby Collingwood contribute to The Brix Condos' appeal. With Collingwood temporarily halting new development for a minimum of one year, it is expected to drive up property prices in surrounding areas, including Creemore. This scarcity in new developments makes The Brix Condos a potentially valuable investment opportunity, especially considering its prime location and flexible rental options. In summary, The Brix Condos presents an attractive investment opportunity in the heart of Creemore, a location with year-round appeal for vacation rentals. With competitive pricing, modern amenities, and the absence of rental restrictions, it offers the potential for solid returns on investment. The freeze on new developments in nearby Collingwood further enhances the investment potential of The Brix Condos.
135 Mary St, Creemore
Incentives: Capped at $5,000 $2,500 Assignment Fee