Arc Condos Daniels Erin Mills – Builder New Condos
Arc Condos Daniels Erin Mills – Eglinton Ave & Erin Mills Pkwy
Arc Condos Daniels Erin Mills is a part of a master-planned, mixed-use community in the heart of Erin Mills. The unique curvilinear architectural design of this condo building is said to light up Erin Mills skyline. Arc Condos are coming up at the south west corner of Eglinton Avenue and Erin Mills Parkway. This builder new project by Daniels is just steps from the Erin Mills Town Centre, which is awaiting the grand opening of Walmart, Credit Valley Hospital, Highways 403, 401 and Public Transit, with Erin Mills GO terminal to soon become operational.
Arc Condos Daniels Erin Mills – Studio suites start at low $200,000s – Delivery Spring 2019
Arc Condos will feature studio, 1-bedroom, 2-bedroom and 3-bedroom suites with amazing lake and city views. There is quite a bit of shortage, particularly for 2-bedroom condos in the new and resale categories in the neighbourhood. Arc condos is the answer for those looking to buy and live in a new builder condo in a AAA Mississauga location.
This 19-storey high condominium is being released soon after the West Tower and the Skyrise Rental Residential condos by Daniels. Amenities provided to Arc Condo residents include a full court gymnasium, a fitness centre, an outdoor terrace, lounges and a classy party room. Residents will also enjoy a central community courtyard with a running track, open green space, children’s play area and gardening plots. It will also feature a plaza offering a farmer’s market and retail opportunities.
Are Arc Condos Daniels Erin Mills Right for You? My two cents!
In my opinion, the prices of Arc Condos at Eglinton and Erin Mills are geared more towards end-users, that is, people who are buying to live in the condo themselves. Location, building and area amenities, school board, everything is good, and this is what you are paying for. This is a great neighbourhood and Arc builder new condos could make for a great buy for families with young kids given the well-respected John Fraser Family of Schools that their children can attend.
It even makes a good buy for seniors looking to downsize from their larger detached homes in the Erin Mills area. The detached homes in the neighbourhood sell anywhere between $1 to $1.8 million. They can buy a condo at Arc and continue to enjoy the many facilities, especially the Credit Valley Hospital and the varied multi-cultural cuisine and activities this neighbourhood offers.
These condos may not be so affordable for a first time buyer, unless you plan to move to Mississauga closer to delivery time of Spring 2019. But even that is a long shot, and if you are looking at simply parking your money for something you will use in the future, talk to me first. As a newcomer, there is a lot you need to know about the local Mississauga real estate market, and prices of homes and condos.
The builder Daniels definitely has a great reputation when it comes to quality of condo buildings and interiors – no two ways about it! Some of their existing condo projects at Square One Mississauga include: 1 and 33 Elm Drive condos, One Park Tower Condos, Chicago Condos and Limelight Condos. They have also released many First Home low rise stacked condos in the the Churchill Meadows community.
How have the other Daniels’ projects in Mississauga fared?
I am personally very fond of 1 and 33 Elm Drive condos, and have sold many resale condos here in the past 10 years or so. These condos have a fairly low condo fee and are quite popular with buyers.
One Park Tower and Chicago Condos were sold by Daniels in 2008 and 2009. Investors have only now have begun to make any money from their investment. Daniels’ prices are fairly high at the time of selling pre-construction condos. It takes many years for prices to catch up with the resale market in Mississauga.
And then Limelight condo project is a total write-off as of date, as far as investors are concerned. Since its launch in 2008, not a single investor has made any money. Again, these condos were marketed towards the end-users, but 70% ended up being sold to investors.
One of the main reasons why prices did not catch up with the builder’s future prices is because condos did not gain popularity as people were geared towards low rise homes. Now the market of low rise homes is out reach of most buyers, so high rise condo apartments should fare every well. One can see a rapid price increase in this category. The other reason is that Daniel’s projects are usually priced higher.
If you are looking to buy purely as an investment property, we can help find you many Mississauga condos, to make a good return on investment. Not only this, we will be able to help you with exclusive tenant finding and property management services for my investor clients. We represent 100’s of landlords in Mississauga and my prime objective is to make you money. We work for you, and not the builder.
We often have an inventory of exclusive listings including many assignment sales opportunities available for sale. Soon Parkside’s PSV One and PSV2 assignment listings will be available for buyers who are looking to move in 2017. Let me know if you are looking for good deals, my team and I work in the Mississauga condo market everyday. What makes it even better is that it comes with a tenant too! We offer a free 1st year tenant to all my investors as an incentive for working with us. Call us at 905-339-5111 to discuss this great opportunity.
We are here to help you make an informed decision when buying a builder new condo.
What I have shared here is my opinion regarding Arc condos. To re-iterate, Daniels is well-renowned for delivering quality condo projects. However, the condo prices are higher than other builders in Mississauga, unless you plan on living in the suite, and are willing to pay a higher price for the benefit of living in a prime location.
Arc Condos Daniels Erin Mills – Price Estimates
Studio – Starting at $250,000+ parking @ $9,800
1-BR – Starting at $337,000 + parking @ $9,800
2-BR + 2 WR – Starting at $500,000 + incls. parking
3-BR + 2 WR – Starting at $623,000 + incls. parking
Maintenance fee – $0.48 / sq ft (hydro metered separately). Parking Maintenance – $45 per month. Locker Maintenance – $12 per month
Taxes estimates at approx. 1% of purchase price.
* Based on information from Daniels as of Jan, 2017