- Project Name | ORO Condos (EdgeTower 3)
- Property Address | 24 Elm Drive West. Mississauga
- Real Estate Development | Solmar Developments Corp
- Architecture Contractor | Roy Varacalli of Cusimano Architects
- Price range | Median from 500,000
- Floor height | 50 floors
- Number of units | 630
- Delivery date | October 2024
Project Overview
ORO Apartment is a landmark high-end residential apartment in Mississauga built by Solmar, a well-known developer with 30 years of experience in high-end residential building development. It is the third and final phase of the Edge Tower condominium project, located in Mississauga The junction of Hurontario St and Central Pkwy W, the main road in the city center, will be handed over in October 2024. The first and second phases of Edge Tower have been basically sold out. The third phase of ORO apartment will continue the good apartment and high-quality standards of the project, and continue to dominate the crowd in Mississauga.
Solmar has been striving to create luxurious and practical high-end residential apartments for 30 years. This time, it has cooperated with the well-known interior design DochiaInterior Design, using "Tower" as the architectural concept, stepped upwards into the building. With floor-to-ceiling windows and a 9-foot-high roof, the interior decoration adopts a modern and simple design concept, and is equipped with high-end embedded household appliances to cater to the current young people's living needs for convenient and refined living.
ORO Apartments have opened grandly, and there are more special offers for customers in the VVIP stage. Please register so that you can receive the floor plan and price list in time. We will provide you with the best floor, best apartment, and greatest discount!
Investment reasons
1. Convenient transportation in the community
– Light rail: The future LTR light rail station is in front of the community, and it can easily reach any location between Brampton and Toronto after opening to traffic;
– High-speed: You can drive into 401, 403, 410, QEW and 407ETR highways within a few minutes of driving;
-Public transportation: direct bus to the University of Toronto Mississauga;
– Commuting: direct access to Square One GO BUS terminal and Cooksville and Erindale GO Train stations;
2. Complete living facilities
– Near Square One Shopping Centre, surrounded by supermarkets and shopping malls;
– Close to Mississauga Central Library, Civic Centre, Mississauga Celebration Square, Living Arts Centre, Cineplex Cinema, Trillium Hospital and other entertainment and leisure public facilities. Among them, the celebration square often hosts some exciting activities, such as movie nights, special festivals and farmers' markets;
3. High return on investment
– In addition to the ever-increasing permanent population in Mississauga, Sheridan College and the University of Toronto Mississippi campus continue to expand, and there is a huge demand for student housing! The most important thing is that you can get to the Mississippi campus by direct bus, and you can walk to Sheridan College-Hazel McCallion Campus.
– It is expected that the rent for one bedroom will be close to $2400, and the rent for two bedrooms will be in the range of $2800-$3200. Therefore, this off-plan investment has a considerable cash flow.
– As the most popular apartment in the most popular area in Mississauga, whether it is put on the rental market or the sales market, it must be in a state of "sweeping up and sweeping away."
4. Mississauga has been underestimated for a long time and cannot be ignored!
1) Job opportunities
-Canada's 6th largest city, one of the important economic centers, enjoys the reputation of "City of Fortune";
-75 Canadian headquarters of Fortune 500 companies, including Microsoft, HP, Amazon, etc.;
– On job opportunities, especially professional job opportunities, Mississauga and Toronto go hand in hand;
2) Geographical transportation
-Only 30 minutes drive from Toronto;
-Canada's largest airport, direct flights to more than 180 destinations in more than 60 countries, with an annual throughput of 38 million passengers;
– The city with the most highways in all of Canada, one and a half hours to the US border;
– Multiple Go Train and Go Bus lines;
3) Natural scenery
– Located on the shore of Lake Ontario to the west of Toronto, there are vast rivers, forests, lakes and fields in the area, where you can sail, ski, bike, camp and hike.
4) Race composition
-Multi-ethnic culture, strong tolerance;
– The native language of the population of 52% is non-English, and the proportion of Chinese is about 8%, second only to European and South Asians, and is the third largest ethnic group in Mississauga;
5) Real estate investment
– The cost of home ownership is low. The 2019 TREB report shows that the housing prices in Mississauga are at a medium level in the Greater Toronto Area (13/23);
– High rental yield: housing rents are high and the annual growth rate ranks second in the country;
6) Commercial shopping
– Square One Shopping Center, Canada's largest indoor shopping center, with more than 350 stores and an annual passenger flow of 24 million;
-Chinese supermarkets have everything, and Chinese people in the surrounding cities including Oakville, Burlington and Milton often visit;
7) Educational institutions
-One of the most famous universities in Canada, the University of Toronto, Mississippi, is highly sought after by Chinese students;
– The Hazel McCallion branch of Sheridan College, a well-known art and design college, is located here.
Exclusive offer for VVIP stage
1. The median of one bedroom plus one study unit is 500,000, and the median of two bedroom unit is 600,000.
2. Free parking space (market value $45,000) and locker (market value $5,000);
3. The development fee is capped; the developer is allowed to transfer the uncompleted property for free, and only charges the lawyer's fee; it is allowed to rent after the house is acquired.
4. Easy deposit payment plan: $5,000 at the time of contract, 30 days to make up the remaining part of the price of 5%, 5% within 90 days, 2.5% within 180 days, 2.5% within 365 days, 5% within 600 days, and 5% at closing.
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Gary Zhu
President Broker of Record
Direct: 416-992-2899
WeChat: Gary4169922899
Canada Home Group Realty Inc., Brokerage
Independently Owned and Operated
405 Britannia Road East, Suite 210.
Mississauga, ON L4Z 3E6
Office: 905-890-9888
Fax: 905-890-9899
canadabestcondo88@gmail.com