Condos in Brampton? Yeah I know, we’ve previously written about the lack of condo culture in the city and the low rates of people looking to buy them. Is this changing? Are condos becoming more popular in the city? Statistically, no, but developers are building them and they’re selling. So what is the demographic of these people who choose to buy condos in the city rather than, lets say, a semi-detached? First time homebuyers and baby boomers looking to downsize. It’s not an argument that first time homebuyers are having a hard time entering this red-hot market. We’ve had clients over the past couple months who were looking to purchase their first home, and after many showings, and a couple offers, they realized what they were in for. Multiple offers. So even though it’s not the popular option to go for in the city, condos might not be such a bad idea for first time homebuyers, and baby boomers who are looking to downsize, since their children have left the nest and they’re left with loads of unused space. With home prices so high, selling their home and buying a condo will definitely put a pretty penny in their account towards retirement.
Here is where this project comes in, Cocoon condos, for families, are better than condos available on Queen street E in downtown Brampton. Condos on Queen Street downtown get a bonus for having a better walk score, closer to restaurants, Bramalea city center, 410 highway, and etc. But they lack what most families would say they desire the most, silence and space. This project is being built on Goreway Drive, Queen St E and Goreway in the Claireville conservation area. That’s right, conservation area. Meaning, trees, forests, ponds, nature. Away from downtown Brampton’s traffic, noise, and payday loan shops.
Cocoon condos will offer close proximity to highways such as the 427 and 407. You’ll most likely want to have a car for living in this area as location wise; most restaurants and stores are of driving distance. Canadian tire, Walmart, Montanas, Pizza hut, Burger King, Dennys, Williams Café, Bramalea city center, all minutes away.
Pricing for this project is expected to start around the low 200’s, and is still in the Pre construction phase. On April 2016, Castleridge is said to release a preview-opening event, where floor plans and more details will be released. If you would like more information about this project and would like to get in during the VIP Pre- construction phase, please contact MyBramptonLife.