When people think of successful high-rise condo developments, they automatically assume it’s a downtown Toronto project. Well, Plaza and Berkley Developments are turning heads with their new 35-storey condo in Vaughan, called The Met.
During the first week of sales, Plaza and Berkley sold 300 of the 511 units! With sales going that well, the start of construction isn’t that far away. “I believe this will ultimately be regarded as one of the most successful condo developments in Vaughan’s history,” says Plaza senior vice-president, Scott McLellan. “It’s easy to see why: it’s got a prime location in Vaughan’s emerging city centre, with two stops on the TTC subway extension providing direct connections to York University and downtown Toronto.”
The units at The Met range from 510 to 875 square feet in a variety of floor plans from one-bedrooms to two+dens. One aspect of The Met that basically guaranteed its success is the starting price at $286,000. According to Plaza and Berkley, the units at The Met are approximately $100 cheaper per square foot than the average downtown Toronto condo unit.
Affordable prices doesn’t mean you’re sacrificing quality. Plaza and Berkley are including many standard features and finishes that would typically be considered upgrades, such as quartz countertops, Moen faucets, six stainless steel appliances, ceramic and porcelain tile, and deep soaker tubs.
With prices so low, the developers are seeing a lot of interest from first-time buyers who want the condo experience but don’t want to spend the big dollars for a downtown Toronto unit. This is also a great opportunity for parents with children who will be attending York University, or even investors who are interested in generating rental income.
Of course, The Met won’t only be comprised of first-time buyers, students, and renters. Many young working professionals that have recognized this area of Vaughan as an up-and-coming urban centre have purchased. Plus, there are 62 townhomes, ranging from 1,250 to 1,490 square feet, with private rooftop terraces, which are ideal for empty nesters.
With a distinct design by Quadrangle Architects, affordable units, and a location in the heart of the Vaughan Metropolitan Centre at Highway 7 and Jane Street, there’s no question as to why The Met has received such a strong response from buyers.
This burgeoning city centre is expected to be home to over 12,000 new residents over the coming years. With Canada’s largest shopping centre, Vaughan Mills, and the stunning greenery of the Kortright Centre for Conservation nearby, the area offers the perfect balance between natural landscape and urban amenities.
Plus, The Met features its own amazing collection of exclusive amenities, including a state-of-the-art fitness centre, a whirlpool and spa, a party room, dining room and catering kitchen, and an outdoor lounge with barbecue stations. Entertaining, relaxing, and having fun are all possible on any given day at The Met!
Plaza is one of the Greater Toronto Area’s top condo developers, with over 7,000 condo units completed and under construction; all of which are in prestigious locations. Teaming up with Berkley is a wise decision since Berkley has a number of award-winning developments under their belt.
“With a team like this, you know you can count on exceptional levels of quality and professionalism at The Met,” says McLellan. “And whether it’s the building’s top-notch features and finishes, or the fact the development’s in the thick of the GTA’s hottest new city centre, buyers can be assured their suites will have greater market value today, and lasting value for tomorrow.”
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Main Source: NewinHomes