There are plenty of good reasons to consider purchasing a pre-construction condominium and Triple Crown’s builders have added more unique advantages to purchase here.
To our knowledge, McCallum Developments Inc. is the only construction company allowing buyers to secure the right to purchase a condominium with a 5% deposit.
When the two buildings of the final phase are completed, the 5% deposit will become part of your down-payment. Meanwhile, over the next year while your condo is being built, you and your family can plan and save more money to increase your down payment and reduce your mortgage.
This will be an especially beneficial strategy for those who can save enough to move from a CMHC insured high-ratio mortgage (down payment of less than 20%) to a low-ratio mortgage (down payment of 20% or greater). This can save thousands of dollars in mortgage insurance premiums alone.
We provide you with a seven-day right of rescission period. This is a seven-day period from the time of an accepted contract that allows you to read the disclosure statements and complete your due diligence before committing legally to the purchase.
Property Transfer Tax
When you purchase a resale home you are subject to property transfer tax (exemptions apply through programs such as the first-time home buyers’ program). With a pre-sale home, you are exempt from paying property transfer tax if the purchase price is under $750,000.
Our pre-sale condos come with a 2-5-10-year New Home Warranty: Two years on labour and materials (some limits apply)’ five years on the building envelope, including water penetration; and 10 years on the structure. Your new appliances also have a manufacturer’s warranty.
A brand new, well-built home means you will have minimal maintenance costs or unforeseen and expensive special assessments or levies for building repairs.
Those already living in the Triple Crown Community know firsthand the quality of the fit and finish. Building better ensures better quality of life for our customers. Our Final Phase – Triple Crown’s Residence III & Residence IV, will feature high end appliances and stylish finishing such as quartz slab counter tops, quality, quiet close cabinets, Euro-laminate flooring and more.
The Builders have affordable living and lifestyle firmly in mind, and the features and amenities in Residence III and IV will provide a real edge for a better lifestyle for those who buy a condominium here.
We are installing energy efficient appliances such as a gas range that will save you money on your electric bill. Gas is more efficient because it delivers instant heat and gives you more temperature control for better cooking. A stainless steel, water-and-ice refrigerator with an efficient bottom mount freezer, a top control dishwasher and a high-efficiency, in-suite laundry centre. Check out the appliance package for details.
Lower Utility Bills
We are using environmentally friendly technology to make sure your cost of living at Triple Crown Residence II is low. For instance, the Builders are installing earth-friendly, ductless heat pumps which effectively move heat around the building to cool your condo down in the summer and warm it up in the winter.
Residence III and Residence IV will share their strata. Monthly strata fees pay for your building maintenance, insurance, common area upkeep automatically. With larger costs planned and scheduled, there are far fewer surprises such as unpleasant costs and assessment. Additionally, the larger strata with two buildings and 132 units will greatly reduce maintenance and repair costs for each condo owner.
Living in a brand-new condominium means little thought or energy needs to go towards maintaining your home, and Triple Crown Community’s location on the outskirts of Langford provides quick access to transit routes and any amenity you want and need.
Book now, because we expect presales to be brisk. Get in touch with Todd Mahovlich (P.R.E.C.) or Justine Connor today to book an appointment in our show suite.