Markham and Richmond Hill are two of the Greater Toronto Area’s most desirable communities. The entire mega-city is seeing tremendous population growth. Still, not all locations in its diverse communities are equal.
Rows of houses in the suburbs are easy to access by car, but there is little within walking distance. In downtown Toronto you can access transit, but the traffic and congestion are overwhelming. Ideally you’d like to live somewhere you can walk, take the bus, or drive without hassle.
Location is definitely one of the most appealing features of the Four Seasons Garden community.
When driving, you’re less than a minute from Highway 404 and Highway 7, and therefore you’re on the 407 or 401 or 400 in no time. Viva buses on new designated bus lanes will have express routes straight to both subway lines.
If you’re walking, you’re less than five minutes from a restaurant village with over 30 restaurants and bars.
The big news is that East Pearce St. will be extended and a bridge will be built across Highway 404 meeting Seneca Way, making the entire Four Seasons Garden community a five-minute walk from the Seneca campus.
If you are interested in buying and renting out some units, you will have a steady supply of Seneca students and employees for tenants.
The latest project at Four Seasons Garden is Summer Palace. It is the third of five luxury buildings that will complete the master-planned community sitting neatly on the border between Richmond Hill and Markham.
Designed with the Asian community in mind, it will be 13 storeys high and feature luxury finishes and amenities. Each building has private amenities for building residents only.
Summer Palace will be home to an amazing spa environment including indoor pool, jacuzzi, saunas, and best of all, a cold plunge pool.
Guest suites and a private lounge with bar and fireplace are available for entertaining.
All the buildings in the community are candidates for LEED certification, which means it will be very energy-efficient with high-quality building materials.
Builder Catalia has enlisted many reputable contractors for the project, including structural engineers NCK Engineering Ltd., who are responsible for many amazing projects around the world including the CN Tower.
There are many benefits to living in a quality building including energy savings.
“We hear about condo fees going up all the time. The cost of energy is the main component of condo fees,” explained Scott Davie, VP of Milborne Real Estate Inc., who is overseeing sales for the project.
‘People buying now will benefit’
Davie has been selling for top developers in the GTA for over 25 years. He feels Summer Palace is a great investment, and now is a great time to invest.
As statistics come in from organizations like RealNet and Urbanation, which carefully count condo development and real estate sales, it seems all the doom and gloom surrounding the 2013 climate was unfounded.
Sales are down, but Davie, and others, feels it is due to a lack of supply in resale homes. Prices are not down but in fact are rising for condos in most of the GTA. Prices of resale homes are rising even quicker.
Meanwhile, when sales slow, life goes on for Torontonians who still need to move and buy properties depending on their families’ changing needs.
Davie feels that all the fuss about a market crash—that didn’t happen—has caused people who should buy or sell to wait, causing a pent-up demand.
“The dam will burst again and people buying now will benefit.”
A lack of single-family homes will push many into condominiums, and when that paradigm shift happens in the GTA, prices may rise rapidly.
“We’re undervalued compared to other second-tier international cities,” says Davie. “Our ceiling for prices has a long way to go. You’ll see prices continue to rise year to year.”
Whether you are investing, planning to live there, or both, Summer Palace at Four Seasons Garden is worth a visit to their showroom at 9140 Leslie Street, Suite 412, in Richmond Hill.
For more information, visit www.fourseasonsgarden.ca or call (905) 597-6868.
• 200 units available 585–2,072 sq. ft.
• All units have balconies
• 9-foot ceilings
• Luxury finishes standard
• Stainless steel appliances
• Premium flooring throughout
• Granite countertops and ceramic backsplash
• Guest suites and party lounge with fireplace and bar
• Gym and yoga studio
• Outdoor tennis court, basketball half court, and landscaped pedestrian paths
• Two-storey lobby with water feature
• Amenities not shared, each building in the Four Seasons community has individual amenities
• Children’s playground
• Close to top schools
• Occupy end of 2015