April 12, 2019
More than two hundred local buyers flocked to an unusual sales event last Saturday (April 6) held at Caesars Windsor Hotel to witness the enthusiastic quest for quality yet affordable condominium suites offered by Eastside Horizons – a brand new 180-unit condo project located in East Riverside.
About half of the 60 units of the north tower at 1490 Banwell Road – the third and last tower available for sale -- were reserved on the spot. Sales have since climbed up to 60% as of today.
Mr. Wing-On Li, Chief Executive Officer of Eastside Horizons, said he was overwhelmed by the market response.
“I believe our condominiums have met the fundamental requirements of users and investors alike. The location of Eastside Horizons at Banwell Road and Firgrove Drive with a municipal park at the door steps is a simply superb. Most important, it is the natural amenities, suite design and unit price which matter most.
“Getting a brand new two-bedroom condo suite at around $300,000 is a rare find in the east end of Windsor. Prices in the resell condo market have been edging over $320,000 in recent years. The cap rate is about 4.5%. So why not buy a new one for investment?” said Li.
Maggie Chen, Broker of Record of Platinum Realty Inc. Brokerage was elated with the turnout and sales recorded in the unpredecented condo sales event.
Chen said condo developers usually conduct sales activities at a presentation center on the development site. To have it done in a hotel room is a novelty in Windsor indeed, she said.
Chen said the first tower put up for sale at 1676 Banwell is virtually a sellout. The second tower at 1610 Banwell was launched about a month ago. By now over 70 percent of the 60 units were sold.
April 1, 2019
The sales of the third and last condo tower at Eastside Horizons on Banwell Road will be open to the public at Saturni Room, Caesars Windsor Hotel on Saturday (April 6). The event is free for all -- free admission, free parking, free coffee and snacks.
Eastside Horizons is a three 7-story tower condo development at Banwell and Firgrove in East Riverside with 60 suites in each tower. It is the largest pure residential condo project in Windsor since 2005. The first two towers are a near sellout. The 1-bedroom suite at the last tower at 1490 Banwell Raod starts from $239,000 and 2-bedroom from $295,000.
MAYOR OF WINDSOR DREW DILKENS SPEAKING AT THE GROUNDBREAKING CEREMONY
Mr. Wing On Li, Chief Executive Officer of Eastside Horizons Inc., said condo living would become a way of life in Windsor in the next decade because of the changing demographics and the rising prices of single detached houses.
Li said condominiums with good amenities and property management would be well received by young professionals buying their first homes and retirees planning to downsize their current spacious houses because the prices are within their reach.
Li said each suite at Eastside Horizons comes with Schindler elevators, Samsung stainless steel appliances, Sherwood Forest SPC vinyl planks, GoldenHome kitchen cabinets, bathroom vanities with HanStone quartz countertops.
Construction has begun after Mayor Drew Dillkens officiated at the groundbreaking ceremony on March 20. Occupancy for the first tower is expected early next year.
SENIOR MANAGEMENT OF EASTSIDE HORIZONS INC. AT THE GROUNDBREAKING CEREMONY
LC Platinum Realty Inc. Brokerage is the listing agent. Ms.Maggie Chen, Broker-on-Record, said she was very pleased to be able to associate with condo project and delivered excellent sales results within a short time after the official launch.
Call (519) 972-3888 or visit EASTSIDEHORIZONS.CA for more information.
March 20, 2019
The Mayor of Windosr, Mr. Drew Dilkens, was pleased with the growing interest of real estate investors in building multi-family homes in Windsor.
Mr. Dilkens was speaking at a groundbreaking ceremony of a 180-unit condo development on Banwell Road -- Windsor’s largest condo development since 2005.
The Mayor was amazed at the speed the development has progressed since he met the developer’s senior management last October at the City Hall.
He said a robust real estate investment in Windsor would help boost the local economy and alleviate the current housing shortage.
Mayor Drew Dikens (middle), Jason Poon (left, President of Eastside Horizons Inc.) and Danny Tsang (right, VP and Project Manager) turned over the sod at the ceremony.
Mr. Jason Poon, President of Eastside Horizons Inc, said it took them less than a year to view the site, buy the land, submit the site plan and get the City’s approval to start construction.
Mr. Poon said their business philosophy was to build quality homes at affordabe prices.
He said the first tower would be ready for occupancy around early 2020.
Eastside Horizons is comprised of three 7-story towers with 60 units in each building.