The Academy Condos: An Incredible Investment Opportunity
A True Condos Video Exclusive: Investing In The Academy Condos
The Academy Condos Overview
The Academy Condos is a new condo project by LeMine Investments Group and Devron Developments currently in preconstruction at Ellesmere Road & Morningside Avenue in Toronto. Sales for available condos/apartments start at $188,800. The project has a total of 339 units.
The Academy Condos: For Your Reading
Hi it’s Andrew la Fleur from truecondos.com. If you’re watching this video you are interested in learning more about The Academy Condos. This pre-construction condo project offers an incredible investment opportunity, so let’s get right into it.
First of all, let me tell you a little about the building itself.
The building will be 29 storeys tall and have 339 units. the ground level will be retail and the developer is working on getting a grocery store in the building. The building is obviously aimed at the massive student population in the area and the amenities will cater to their needs. There will be a fitness centre, quiet study rooms for individual or group study, 24 hour concierge, and several communal spaces including a very cool feature: an outdoor rooftop movie theatre. The standard finishes will all be top notch with no need for upgrades.
Ok so where exactly is the academy condos going to be built?
the building is going up at Morningside and Ellesmere. here is a satellite view of the area. the highlighted area is the University of Toronto of Toronto Scarborough Campus lands. Academy Condos is right beside the campus.
Now here is a birds eye view that shows UTSC campus, then you have the Pan Am sports centre, Centenniel College Science and Technology campus, and of course The Academy Condos is right there next to all of them.
Focusing on the UTSC campus, there are MASSIVE plans for expansion over the next 25 years. UTSC is projected to boom. Here is the current campus, and here is the future campus master plan area, much of which will be built out over the next 5 years at the same time that the Academy Condos are being constructed.
The vision for UTSC is big. they are planning to be a new intellectual, cultural and sporting HUB of the entire eastern GTA.
Now let me share with you some interesting facts and figures on UTSC. There are over 11,000 students enrolled there today and over 3000 of them are international. The student population is expected to grow by 31% over the next 5-7 years. UTSC has the largest undeveloped land of any university in Canada. There is room to grow, and they are planning for exactly that with almost half a billion in capital investments going into the campus area over the next 5 years including the Pan Am sports centre facility.
To put it bluntly, there is a housing crisis at UTSC. Demand far outweighs supply. The figures are easy enough to understand: there are about 15000 students between University of Toronto and Centennial College, and there are a total of 769 on-campus beds. as a result, many students are forced to live in substandard and often illegal rooming housings in the surrounding community paying upwards of $700/month for just a bedroom in basement or a 30-year old apartment building. Nothing close to what the Academy Condos will be currently exists in this area.
The evidence is clear, the Academy condos is set to fill a massive need for high quality student housing in the UTSC area and as a result it represents an unprecedented investment opportunity.
There are 3 keys that make investing in the Academy condos a brilliant decision.
These 3 bonuses are currently included for all purchasers in the building, however, there is no telling when this offer will change or be cut off entirely. Number 1 is that the units will be fully managed, meaning that as the investor, you don’t have to do anything except cash your cheques each month. no tenants to find, no toilets to fix, no phone calls at 3 in the morning. Number 2 is that the rent is guaranteed. I can’t say in this video for how long and how much, but what I can tell you is that I have never seen rental guarantees as strong as this in any condo in Toronto and it speaks to the developer’s confidence in the future demand for this building. Number 3 is that the units come fully furnished. that’s right, all furnishings, even window coverings, are included for all purchasers. and this will not be IKEA-style furniture, it will be hotel-grade industrial strength furniture. All this adds up to making a turn key investment with amazing double digit ROI potential.
If you would like to know more about this incredible investment opportunity send me an email today at andrew@truecondos.com or go to truecondos.com/academy-condos to get the full investor package.
Once again thanks for your interest in the Academy Condos. My name is Andrew la Fleur and you’ve been watching truecondos.com.
