Belmont Residences West, a Langford condominium development rising along Reunion Way at Jacklin Road, has introduced a market-leading five percent security deposit option in an effort to help purchasers transition into homeownership.

 

Comprised of 80 one, two and two-bedroom-plus-flex units, the five-storey first phase of condominiums at the MyBelmont district is one of Langford’s fastest selling residential offerings with 75 percent of its homes sold-out ahead of its of its early spring 2020 completion.

 

And for a limited time, Belmont Residences is also offering purchasers a complimentary air conditioning system with each home purchase between July 15th and August 31st.

 

“Many of our interested buyers have been asking about air conditioning options, so we are very pleased to offer this complimentary feature,” says MyBelmont's Director of Development, Marcela Corzo. “And because this system has dual capabilities as an air conditioner and a high-efficiency heater, residents will truly appreciate having the added year-round comfort in their new home with lower electricity bills.”

 

Belmont Residences’ air conditioning units are valued over $8,000; such a system offers market-wide investment appeal on the re-sale market.

 

MyBelmont's masterplan made headlines earlier this year when it became the first project on Vancouver Island to offer a rent-to-own option for individuals who rent a unit at Crossing at Belmont, MyBelmont's all-rental component underway alongside Belmont Market, developed by Crombie REIT, which is Langford's newest shopping centre offering a wide array of businesses and services, and a flagship Thrifty Foods. 

 

Residents of the purpose-built Crossing at Belmont will have the opportunity to apply 25 percent of their monthly payment towards the purchase of a condominium at Belmont Residences. For example, a tenant paying $2,000 rent per month on a two-bedroom Crossing at Belmont unit will have earned a credit of $500. By spring of 2022, the renter will have accrued a $13,500 down payment toward purchasing a condominium. Specific situations will differ depending on the suite and the rent rent paid, and participants in the program will be required to sign an enrollment form describing the terms and conditions of the Belmont Rental Rewards Program.

 

MyBelmont is a new 22-acre community underway on southern Vancouver Island’s Westshore. The project’s residential properties will comprise of six phases, including Belmont Residences East and West, targeting first-time home buyers, working professionals, and downsizers.

 

As part of a burgeoning district within the Westshore, MyBelmont’s residential offerings are quickly garnering attention as an ideal fit for individuals seeking an urban-meets-suburban lifestyle.

 

To connect with the Belmont Residences team, click here to view the project’s website, and to learn more about Crossing at Belmont’s rental opportunities, including the rent-to-own program, click here. C

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