Before we go and sell Lotly to first time home buyers, we needed to prove that we’re offering a stellar experience. We’ve gone through all of the same steps a home buyer would, from filling out an application form to viewing countless units. This allowed us to walk in the steps of our customers, and we were able to instantly improve our service. So with that said, your first co-owner is... us!
Now, the fun stuff: Why did we choose this unit as our first investment? First, we love the area, but more importantly, our data suggests it’s currently undervalued. The unit itself is beautiful, with a priceless view of the city and the lake. Being on the 48th floor, the natural light would satisfy even the pickiest of plant fanatics. Comparables show similar units selling above $800K a few months ago, so our confidence is incredibly high on this investment.
This property is walking distance to the Burlington GO station, making it easy to commute to downtown Toronto and across the GTA. Despite being very close to transit, this unit is quiet.
This property is located in a part of Burlington being built out around the GO Train. There will be many amenities and properties added in the area, increasing property values as the community grows.
Built in 2021, everything in this building is new. Data shows that new builds are 3x more likely to appreciate in value compared to buildings older than 10 yrs requiring more maintenance, often with higher maintenance fees.