A very special portion of the real estate market exists in the area of development, or Pre-Construction, condos. These are units that are purchased based on the projected plans for a building that is not yet built. A buyer may visit a temporary showroom, located near to the proposed location of the building to see models and floor plans of the various units the seller hopes to construct, or simply receive a package with this information electronically. Purchasing at this stage allows the buyer to have greater control in the outcome of their unit. They can make a different type of investment and purchase at a lower price per square foot than what is typically available post-construction. If you want to be able to choose your floors, finishes and appliances, at less than the cost to purchase someone else's choices from the past, Pre-Construction condos for sale might appeal to you. It's not often that you have so many design choices when looking to purchase a home. There will be a number of layouts, options for total square footage, number of bedrooms and location within the building to choose from. Usually, this type of customization will require a second investment in renovations, as well as the purchase price of your home.
When taking the leap on a Pre-Construction condo for sale, you'll be given a list of options that you'll be able to customize. Everything in the home will be brand new and they will likely be under warranty. Keep in mind that the developer is speculating on what they believe the final outcomes will be for the unit and building, they require some flexibility, not everything can be fixed into even the best agreements. This can make a good case for looking at the past projects of the developer. How close to their projected dates did they come? Do they have a history of big surprise closing costs or a history of great relationships with their buyers? How have their projects held up over time as places people want to live and as investments. This type of home purchase, more than others, requires a long term deal with your developer. You'll want a long term relationship that is mutually beneficial. Purchasing a unit in a building prior to the work beginning can have some tremendous benefits. It also requires deeper knowledge to arrange this type of purchase. A Real Estate Professional who specializes in development or Pre-Construction condos for sale may be helpful for protecting your investment. The money spent on a qualified agent may be easily recuperated with the thorough shaping of your agreement. You'll want to understand how the Pre-Construction payments are going to be structured and where you'll be spending versus saving. In an already finished home, it's easy to see how your money is being spent. With a Pre-Construction condo, being well informed will be a must.
You can find the neighbourhoods of Queen Mary Park and Downtown Edmonton nearby which have Pre-Construction condo buildings. This neighbourhood is Very Bikeable with a bike score of 74. Excellent Transit is available in North Central Edmonton. North Central Edmonton is Very Walkable with a walk score of 77.
Seen as one of Edmonton's condo hot spots, North Central Edmonton, has a total of 222 condo buildings. There is a fantastic mix of modern high-rise condos and funky lofts, there are 67 High-Rise, 23 Pre-Construction, 8 Luxury, 58 Mid-Rise, 106 Low-Rise and 1 Loft in North Central Edmonton. Many condos for sale in North Central Edmonton feature excellent amenities perfectly located in Edmonton. The average days on market for condos for sale in North Central Edmonton is 77 days. There were 1154 condos sold in North Central Edmonton in 2020. North Central Edmonton saw an increase in the number of condos sold by 70% compared to the year before. Last year condos for sale in North Central Edmonton had an average sale price of $$297,018, an decrease of -7% from the year before. This neighbourhood is Very Walkable with a walk score of 77. Excellent Transit is available in North Central Edmonton. This neighbourhood is Very Bikeable with a bike score of 74. The neighbourhoods McCauley and Central McDougall are nearby.
Primera is a great bakery in North Central Edmonton. There are some great cafes in North Central Edmonton such as Zocalo, Bubble T, and O'Cafe Pardal. There is cuisine from all over the world available at Ho Yee Convenience and Tung Lam Food Store. Locals of North Central Edmonton love dining at Bete Africa Ethiopian Restaurant and Bar and Sloppy Hoggs. You can spend the afternoon enjoying the outdoors at parks in North Central Edmonton like Garden Of Truth and Giovanni Caboto Park. You can find pharmacies Smart Pharmacy and Royal Pharmacy within walking distance. Central Ethiopian Convenience Store is a shopping center in North Central Edmonton that has something for everyone. North Central Edmonton is lucky to be home to a hospital, Glenrose Rehabilitation Hospital. North Central Edmonton has many local events taking place with Ukrainian Museum of Canada, Alberta Branch and The Art World catering to the arts scene. Animal enthusiasts, good news Blue Cross Animal Hospital is in North Central Edmonton. Virginia Park and Grandin are nearby schools for children living in North Central Edmonton. The closest light rail station is Kingsway/Royal Alex LRT Station. For those who love to travel Edmonton (Royal Alexandra Hosp) Heliport is nearby to catch a flight. North Central Edmonton has a very accesible train station NAIT LRT Station.