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Tricar’s new condominium homes at Gordon Square III are now available and buyers couldn’t be more excited about the opportunity to live in this newly completed community.
The 8-storey midrise residence features 181 spacious suites with an extensive selection of 1- and 2-bedroom layouts. These are premier condominium homes—significantly larger than what you usually find offered on the market and constructed with the highest quality.
“Tricar builds homes to live in,” says Adam Carapella, Tricar’s president. “Many new mid- and high-rise condos continue to get smaller and smaller, and we are doing the opposite. We design and build our condominium homes to be comfortable and tailored to your needs, whether you are a young professional moving up in size or empty nesters moving down in size.”
In addition to suites being spacious, the amenities are plentiful. Residents are sure to enjoy the fitness room, golf simulator, guest suite, library, and sprawling luxe lounge.
These are just a few of the features that make this development stand out. Here are five more reasons why Gordon Square III is a smart buy:
1. Location
The lifestyle in South Guelph appeals to all ages. From restaurants and cafés to bakeries and bars, getting out and exploring the area is easy, as you can walk to do errands and meet up with friends and neighbours.
There’s also lots of green space to enjoy, on your own, with pets, kids, or grandchildren. South End Community Park is home to a playground, splash pad, and tennis courts, while nearby trails, parks, and conservation areas abound. Golf is just around the corner at Springfield Golf Course.
Connecting to local transit and commuting is a breeze, with the Aberfoyle GO and Greyhound bus station just six minutes away.
Guelph offers residents a healthy, happy lifestyle with the comfort and convenience of excellent urban amenities as well as easy access to transit and the 401, all while being surrounded by nature.
2. Price
The opening price for a condominium at Gordon Square III is approximately $518 per square foot. The sales price for a 1-bedroom suite begins in the $400’s (based on a 760 sq ft model) with a 2-bedroom beginning in the $500’s (based on a 1,145 sq ft model).
These prices offer excellent value and are about 50% less than the cost of the average price for a similar condominium in some of the surrounding regions. “At Tricar, we design and build our own buildings and control every step of the construction process,” notes Craig Taylor, Tricar’s Vice President of Design and Marketing. “This allows us to focus on quality and be able to offer our purchasers a better product at a more affordable price compared to the competition.”
3. Deposit
The deposit structure at Gordon Square III is very attractive and unlike anything on the market. Tricar offers a $20K deposit upon signing for first-time buyers and a $40K deposit for all other buyers. This is in stark contrast to much of the industry where charging 20% is routine. On a $700K condominium, for example, a deposit of $140K would be required.
In addition to the attractive deposit structure, Tricar wants to help purchasers be able to make the move to Gordon Square III. Case in point, Tricar allows a buyer to purchase a new home with them subject to the sale of their own existing property first. This can be very helpful for downsizing or right-sizing buyers who need to sell their existing home before moving into one of the developer’s condominium homes. It’s just one of many ways Tricar is trying to come up with solutions to make buying easier for purchasers.
4. Reputation
The Tricar Group is a leading condominium developer in southwestern Ontario. They are known for building “condominium homes”, built for living in, with larger sized units, high quality construction, and stylish finishes.
The company prides itself on providing excellent customer service. Tricar is a 9-time Tarion Top Performer and a multiple award winner of Tarion’s High Rise Builder of the Year. The company is now entering their 40th year as a home builder and is based in both London and Guelph. “At Tricar, we work in Guelph, we build in Guelph, we live in Guelph, and we believe in Guelph,” says Carapella. “It is a privilege to be a home builder in this city, and we are thrilled with the reception that Gordon Square has had from the local community.”
5. Move in now!
Gordon Square III offers you the rare opportunity to walk through six fully furnished model suites and move in quickly, avoiding the uncertainty that can come with having to wait years for a home. It’s a smarter way to buy, and one that puts the needs of homeowners first. Local Guelph REALTORⓇ and Gordon Square sales representative Nick FitzGibbon points out that this is unheard of in the real estate market.
“Usually when purchasing a new condominium home, you wait years for the construction to finish and only then move in. Here at Gordon Square III, Tricar has removed that process completely and undertook building and finishing it before even opening for sales. Gordon Square III isn’t just a smart buy; it is an easy buy.”
This community is one of southwestern Ontario’s most popular and best-selling. This is the final phase, so don’t miss out!
Visit Gordon Square III at 1882 Gordon Street in Guelph or go to tricar.com.
The sales team will be happy to give you a tour of the building and model suites and is there Wednesday-Thursday from 3pm-6pm and Saturday from 12pm-4pm. You can also schedule a private appointment at your convenience.
Contact Nick FitzGibbon at 519-830-4823 or at gordon3sales@tricar.com.
