Today’s new condo buyers are more informed and more sophisticated than ever before.
With downtown Toronto new condos selling for $1,200 to $1,400 per square foot, and Vaughan new condos selling at $800 per square foot, Mississauga, Canada’s second largest new condo market, is the best value with new condos available in the $600 per square foot range.
Savvy new condo buyers look for a superior location, an experienced builder with a good reputation, good building design and luxury finishes, proximity to public transit, and well thought out floor plans.
Mississauga’s soon to be released Edge Towers seems to have it all. Solmar Development Corp. commissioned leading GTA Architect Roy Varacalli of Cusimano Architects to design three elegant towers that will be visible from Toronto, and compliment the community of artistic building designs that are soon to define Mississauga as having one of Canada’s most beautiful skylines.
For over 25 years, Solmar home and condo owners have experienced superior quality and workmanship, and this has meant a higher resale value than neighbouring properties.
Solmar has built all across the GTA and southwestern Ontario, from Niagara to Barrie, and prides itself on being known for quality of workmanship and integrity.
General Manager of Solmar, Giuseppe Paolicelli, reports that Solmar’s last completed new highrise project, Bellaria Residiences, four residential towers near Jane and Rutherford in Vaughan, are known to be the best quality buildings in the area despite a number of new projects that have been completed by other developers after Bellaria.
“Our intention is to set a new standard in luxury in Mississauga’s prime downtown corridor that will stand the test of time, the same way we have in Vaughan, with our Bellaria Residences”, says Paolicelli. He is also very happy with his floor plan designs.
Scott Davie of Davie Real Estate, the broker looking after the sales of Edge Towers for Solmar said: “Floor plans make a difference when it comes to resale value. A condominium with well thought out floor plans will be more desirable and have a higher resale value than a building with inferior floor plans.”
“Proximity to public transit is also a key factor in determining superior resale value, and Edge Towers will be a three-minute walk to Mississauga’s new LRT.”
Edge Towers is located on the prime downtown corridor just steps south of Burnhamthorpe and Hurontario, and is said to have a superior location to its current competitors, including more convenient access to Highways 403, 401, 407, and QEW.
Local amenities like Square One, Sheridan College/Ryerson, The Living Arts Centre, and a myriad of local restaurants and shops are all close by.
Edge Tower also offers the full range of building amenities, including 24-hour Concierge service, guest suites, two party rooms, a large outdoor terrace area, a galleria, a Wi-Fi lounge, a gym, and a media room, as well as other elegantly appointed amenities.
“One of my favourite things about Edge Towers is the high level of luxurious finishes,” says Davie. “Just stepping into the sales office will give people an impression of timeless elegance. And I am always happiest when I have a very luxurious model suite and everything is standard.”
Edge Towers features luxury finishes like 9-foot smooth ceilings, superior stainless steel and/or fully integrated kitchen appliances, better quality kitchen cabinets with under valance lighting, wide plank premium laminate flooring, frameless glass mirrored closet doors, frameless separate glass shower doors, and marble or quartz bathroom countertops with undermount sinks.
Solmar pays attention to detail with their choice of luxury finishes and realizes that it can be the subtle things that can really help to define superior quality, like the importance of having larger baseboards and casings.
Davie says: “Both end users and investors who choose a better quality built condominium by a better quality builder in a prime location will be happier. A homeowner will be happier day to day living in the luxury that he deserves, an investor will achieve higher rents and attract better tenants, and both end users and Investors will enjoy a superior resale value.”
Edge Tower One will be 35 stories tall and include 293 upscale, luxury condominiums.
Solmar will be releasing its first Edge Tower for sale, very soon.
Source: Condo Life