Looking for a housing investment opportunity? Then you may want to consider wyatt condos in Regent Park Housing. Regent Park is situated at Downtown Toronto in Canada and is managed by Toronto Housing Community since 1940’s when it was constructed. This park was specifically constructed to provide affordable housing for the British people and European Jewish living in Toronto, but it later ended up with a large number of immigrants.
Recently there has been an ongoing housing development in this neighborhood that has highly contributed to the growth of the Toronto neighborhood. With this development Regent Park Housing could be an opportunity for any business person interested in the housing field.
Why invest in Regent Park Housing?
Regent Park Construction Sites
Currently, in Regent Park, there are nine construction sites that are active. This is a mark of the great housing development that will be witnessed in this region thus a great opportunity for housing investors to advance in their field of practice. These construction sites will also mark the biggest construction that ever happened for the Regent Park.
Transformation of the Old Housing Infrastructure
In the recent past, the Toronto community and some housing investors have been working together to transform the picture of this park.
They are doing it by transforming the aged housings into presentable homes where the residents can enjoy a more decent and comfortable life. This is a great investment opportunity for housing stakeholders to grab and advance their career remarkably.
The city building is quite diverse with rental buildings, commercial space, town homes, condo buildings and active parks. The Toronto Housing Community that is in charge of these buildings is working tirelessly to see them advanced into safe and tidy houses to give the residents a better life.
There is also a revitalization process that started in 2014 and is still ongoing to make the park look like its close neighborhoods: Cabbagetown and Corktown.
Cheap Home Ownership
Toronto Housing Community gives an opportunity to the residents to buy some market units in the park. This is made possible by the Foundation Program that takes off 35% of the total cost of each market unit that a home purchaser is interested in buying.
Thanks to this foundation program, the 35% relief is needed back only when the house is sold. Though the Regent Park was originally constructed to assist the needy who couldn’t afford to pay rent, it has now changed to an immigrant community as a result of the immigrants from Canada.