Could you settle into less than 300 square feet of living space if it meant brand new affordable housing close to all your favorite amenities?
Small Condo = Small Cost
If you answered an honest “yes” then you may be in luck. Surrey developer Tien Sher is doing their best to bring Balance, Canada’s smallest condo development, to Surrey City Center. The micro development will quickly become a trendsetter in Surrey.
As one of Canada’s largest municipalities, investors expect to see Surrey’s demand for real estate escalate as the city grows significantly in the next decade, creating an even greater need for smaller housing. The affordability and size of Balance may just be the solution for many price-sensitive and adventurous home buyers.
Tien Sher’s Balance microcondo development is following suit of trends in New York, Tokyo and Paris where the solution to expensive real estate is simple: build smaller homes. With a multi-functional design you will still get everything you need in a home but with a smaller footprint and significantly smaller mortgage payments.
Did You Know? In New York City the demand for this size of apartment is huge, people are willing to pay upwards of $2,000 a month to rent a unit of this size!
The project still needs to pass through three reviews by Surrey City Council before it is expected to start selling at the beginning of January 2013.
What about you? Are you a young professional, single parent or retail employee that fits the buyer profile of these new condos for sale in Surrey?
Condo units are expected to start at $109,000 which means the down payment would be minimal ($6000 would be a 5%). With private patios, five stainless steel appliances and hardwood floors the only thing you may miss are parking stalls. But with a short seven minute walk to the Gateway Skytrain Station would you miss that?
Keep your eyes open for the new trendsetting Balance Surrey Condo development scheduled to go on sale early 2013.
If early 2013 is too long to wait check out other availble Condos for Sale in Surrey. Tell me your price range and criteria such as number of bedrooms, specific Surrey neighborhood and finishings and I can send you email alerts when new units hit the market so that you don’t miss out!