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155 Redpath Condos

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A tower in a park. Sleek, chic and sexy. A hot new vision in design at Redpath and Roehampton, an interpretation of exciting urbanism in the Yonge and Eglinton neighbourhood.

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155 Redpath Condos will be an extraordinary landmark residence. 36 stories punctuated with large, offset balconies and vivid brush strokes of colour. Modernism in the truest sense of the word, a bookmark in the story that is today’s Toronto.

155 Redpath Condos is at the intersection of this vitality. With a Walk Score of 98/100 and a Transit Convenience Score of 94/100 it is about as close to perfection that any place can be.

At 155 Redpath Condos the Eglinton Subway Station and Yonge Eglinton Centre is a short walk away, as are the myriad of shops, restaurants, bars, cafes and other delights on Yonge, Eglinton and Mount Pleasant. With everything so close, why leave?

Within the next 5 to 10 years, the urban scene at Yonge and Eglinton will transition from fantastic to unbelievably amazing. In the future, you’ll be able to zip out to Pearson on the LRT Transit system. Imagine, from front door to runway in just 25 minutes. The Yonge Eglinton Centre is undergoing a multi-million dollar reno with more shops and a roof-top park.

On the South-West corner of Yonge and Eglinton another multi-million dollar project is proposed for a totally brilliant new development, and just a block or two away from 155 Redpath Condos, Loblaws is planning a 40,000 sq. ft. store. And, hold onto your hats, that’s just for starters.

Features + Finishes

The Building

  • Architectural design by award-winning architect Peter Clewes of architectsAlliance
  • Unique interiors by Johnson Chou Inc.
  • 24/7 concierge
  • Security coded access fob for all residents
  • Underground parking with security monitoring from concierge desk
  • Sustainable rainwater harvesting system used for irrigation
  • Mailroom conveniently located beside the front lobby
  • Individual suite hydro metering

Amenities

  • 9th floor outdoor amenity deck featuring pool and hot tub, outdoor shower, private poolside cabana lounge, sunbathing area, gas fire pit lounge, BBQ, and outdoor dining area 9th floor indoor amenity space complete with pool table, kitchenette area, meeting lounge, indoor washrooms with change area and relaxing sauna
  • Fitness centre complete with cardio, free weight, and outdoor fitness area
  • Separate dedicated indoor/outdoor yoga studio
  • Beautifully landscaped grounds designed for relaxation and outdoor activities; featuring a reflecting pool complete with fountain and fire feature, viewing gardens and lounge areas
  • Party room featuring a kitchen, bar, dining room, lounge area, and outdoor landscaped terrace
  • Library and meeting areas that overlook landscaped grounds

Suites

  • Tower suites have approximately 9’ ceilings (height exclusive of bulkheads, which are required for mechanical purposes such as heating and cooling ducts, as well as dropped ceilings in bathrooms)
  • Floor-to-ceiling, high-performance glazing/window system
  • Exposed concrete ceilings in all principal rooms
  • Choice of pre-finished engineered wood flooring with acoustic underlay throughout (except in bathroom and laundry areas), as per plan, from builder’s samples
  • Nest™ thermostat heating and cooling system with touch control and Wi-Fi capability
  • Contemporary sliding doors to balcony, as per plan
  • Concrete balconies with architect designed glass, and metal handrails
  • Custom-designed solid core entry door with security view-hole
  • Lever door hardware for interior doors in stainless steel finish
  • TV/telephone outlets in principal rooms
  • Front-loading stacked washer/dryer with exterior venting, as per plan
  • Choice of porcelain floor tiles in laundry as per plan, from builder’s samples
  • Built-in smoke/heat detectors and in-suite water sprinkler system
  • In-suite controlled energy-efficient air-conditioning and energy recovery ventilation system

Kitchens

  • Custom designed contemporary kitchen cabinetry by Johnson Chou, in a variety of colours and finishes, from builder’s samples
  • European style integrated refrigerator
  • European style electric cook top
  • European style wall oven
  • 24” integrated dishwasher
  • Stainless steel insert exhaust fan
  • Solid surface countertops as per builder’s samples
  • Stainless laminate kitchen backsplash as per builder’s samples
  • Stainless steel under-mount single bowl sink
  • Polished chrome single lever kitchen faucet
  • Ceiling-mounted track lights as per plan

Bathrooms

  • Custom designed contemporary bathroom vanity designed by Johnson Chou, in a variety of colours and materials, from builder’s samples
  • Glass shower stall with chrome fixtures, as per plan
  • Vessel sink and extended vanity mirror
  • Polished chrome wall-mounted single lever bathroom faucet
  • Solid surface countertops as per builder’s samples
  • Choice of full height porcelain wall tiles in tub and shower enclosures, from builder’s samples
  • Choice of porcelain tile flooring from builder’s samples
  • Pressure-balanced mixing valve for tub and shower
  • White bathroom fixtures
  • Towel bar and toilet paper holder as per plan

Technology + Security

  • Enterphone and security monitoring system at lobby and secondary entrance
  • Underground parking equipped with security monitoring system
  • Personal remote transmitter for parking garage door access provided with each parking space
  • Controlled door access throughout public/common areas
  • Long-life service panel with circuit breakers in each suite
  • Pre-wired multi-media technology with RG6 for cable and television
  • Pre-wired telephone and high speed communication Category 5 wiring in every suite

All suites protected under TARION Warranty Corporation. All interior floors, wall finishes and materials for which the Purchaser is entitled to make a selection are to be chosen from Builder’s standard samples, and as per Builder’s specifications. E. + O.E.

INCENTIVES PROGRAM

  • $2,000 Credit on closing for 1BR and 1BR+Den, $3,000 credit on closing for 2BR
  • Extended Deposit Structure:
  • $5,000 upon signing
  • Balance to 5% in 30 days
  • 5% in 90 days
  • 5% in 300 days
  • 5% in 480 days
  • $0 on occupancy
  • Assignment fee $500
  • Development Charges capped at $5,500 for 1BR & 1BR+DEN, 2BR units CAPPED AT $7,500
  • Smart Meters capped at $875
*Terms and condition apply and are subject to change without prior notice. E & O.E. April 23rd 2013.

*Penthouse Suites are available by appointment only. Suite sizes start from 1082 Sq Ft.

Prices are subject to change without prior notice. E. & O.E. April 23, 2013,Last Updating May 04, 2013

Price List and Floor Plans  are available upon request.

Important Message: In order for an investor to take the most advantage of Buying Pre-construction Condos is to buy before its open to the public. Prior to opening day of a new condo sales office to the general public, prices may have gone up. This will be an opportunity for you to invest in a unit at the lowest price possible before its open to the public. You can be one of the first purchasers to be invited to Platinum VIP Preview Sales Event long before the presentation centre opens to the public. This gives you an opportunity to have the first access to inventory, best pick at unit levels, floor plans, lowest price not available to the public and the ability to take advantage of Platinum VIP Condo Incentives the builder may offer.  This is a perfect opportunity at the Platinum VIP Price.

For more information and to register now for the 155 Redpath Condos Platinum VIP Preview Sales Event please fill out the form below, we can only bring limited customers into the Platinum VIP Sales Event, so pre-register now for priority access:

 

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Harbour Plaza Condos

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Welcome to Harbour Plaza Residences, a spectacular master planned condominium community in the downtown core, graced with a fine collection of modern urban suites and a roster of inspired lifestyle amenities.

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Harbour Plaza Residences will consist of 35-storey office tower at 1 York  Street and 69 and 65-storey residential condominium towers at 90 Harbour Street respectively.

Live next door to a new, state-of-the-art office building – One York Street– offering over 800,000 square feet of prime business space. Residents of Harbour Plaza Condos will enjoy direct access to One York Street via the PATH connection.

The office tower will sit atop a four- storey podium containing approximately 200,000 square feet of retail space. Two residential condominium towers will also sit on the podium and contain approximately 1 million square feet of density that will be accessed from Harbour Street.

Harbour Plaza Residences Price List

Available Upon Request

BUILDING FEATURES

  • Soaring glass tower designed by Architects Alliance
  • 24-hour Concierge
  • Welcoming grand 2-storey lobby with seating lounge and unique light sculpture
  • Direct connection to PATH network, providing all season, weather-protected access to over 28 km of shopping, services and entertainment, as well as access to TTC subway and commuter train services at Union Station.

GENERAL SUITE FINISHES

  • 8’6” in all principal rooms with lower bulkheads in some areas to accommodate mechanical and electrical distribution systems*
  • Laminate wood flooring** in foyer, living room, dining room*, kitchen, den* and bedroom(s)*
  • Custom-designed kitchen cabinetry** with pantry by award-winning interior designer Cecconi Simone
  • Custom-designed kitchen island by Cecconi Simone with quartz countertop, shelving, pots and pans drawer, and dining table extension
  • Stainless steel under-mounted sink with single lever faucet
  • Built-in Energy Star refrigerator
  • Built-in stainless steel range with glass cooktop drop in range with separate stainless steel oven
  • Built-in Energy Star dishwasher
  • Stainless steel Microwave oven
  • Over-the-range exhaust hood fan
  • Fridge and dishwasher to have custom wood panel fronts matching kitchen cabinetry
  • 24” front-loading Energy Star stacked washer and dryer

AMENITIES

  • Fitness Centre: Weight Studio, Kinesis Studio, Cardio Studio, Pilates/Yoga Studio and Spinning Room
  • Serene Indoor Pool with water feature
  • Poolside lounge
  • Juice bar
  • Men’s and women’s change room with steam rooms
  • Treatment lounge and rooms
  • Business centre
  • Outdoor terrace
  • Games room
  • Party room
  • Fireplace lounge
  • Theatre lounge
  • Look out lounge
  • Indoor green space with lounge seating and reflecting pool
  • Outdoor BBQ and dining area
  • Outdoor stonewall fireplace lounge

*As per plan. ** Colours and/or materials to be selected from Vendor’s standard packages. Principle Rooms consist of Living Room, Dining Room, Den* and Bedrooms*. Specifications are subject to change without notice. All room measurements and size are approximate. Builder may substitute materials for those provided in the plans and specifications provided such materials are of quality equal to or better than the material provided for in the plans and specifications. Decorative and upgraded items displayed in the furnished model and sales office are for display purposes only and are not included in the purchase price E. & O. E. 29/04/13 Last Updating May 02, 2013

Price List and Floor Plans  are available upon request.

Important Message: In order for an investor to take the most advantage of Buying Pre-construction Condos is to buy before its open to the public. Prior to opening day of a new condo sales office to the general public, prices may have gone up. This will be an opportunity for you to invest in a unit at the lowest price possible before its open to the public. You can be one of the first purchasers to be invited to Platinum VIP Preview Sales Event long before the presentation centre opens to the public. This gives you an opportunity to have the first access to inventory, best pick at unit levels, floor plans, lowest price not available to the public and the ability to take advantage of Platinum VIP Condo Incentives the builder may offer.  This is a perfect opportunity at the Platinum VIP Price.

For more information and to register now for the  Harbour Plaza Residences Condos Platinum VIP Preview Sales Event please fill out the form below, we can only bring limited customers into the Platinum VIP Sales Event, so pre-register now for priority access:

 

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Gramercy Park Condos Phase I, II

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A Private Oasis

Amidst the steel and concrete of New York is a beautiful private oasis called Gramercy Park Condos. A tranquil green space designed and built for the exclusive enjoyment of a privileged few.

Inspired by that one-of-a-kind experience, Toronto now has its own Gramercy Park Condos, an exquisite condominium residence designed around an immaculately landscaped private park.

A beautiful space where body, mind and spirit can commune with gorgeous nature. A garden of Eden, where residents can escape the strident demands of a bustling metropolis and enjoy a moment of peace and serenity.

Welcome to Gramercy Park Condos. Your private oasis in the city.

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Though tucked away in a serene setting. Gramercy Park Condos is just a short walk from the Wilson subway station. From here, residents are conveniently connected to every part of Toronto. An evening date in the theatre district? Just hop on the subway and you’re there within minutes. Shopping at an east end mall? Let “The Better Way” take you there with ease and comfort. Apart from the subway, you have numerous bus routes, highway 401 and a GO Transit bus stop-all within ten minutes of home. At Gramercy Park, you’re well connected with everything the city has to offer.

Features & Finishes

Suite Features

  • The suite entry door is solid core with elegant lever hardware and privacy viewer
  • The suite’s interior doors are semi-solid with the same elegant lever hardware
  • Door casings are wood, with 4” baseboards
  • Interior walls are painted off-white
  • Lavish, 35 oz carpeting adorns bedrooms and dens
  • Laundry area floor is graced with lovely ceramic tile
  • 8’ ceilings in principal rooms on typical floors
  • Spacious 9’ ceilings in principal rooms in ground floor suites in both buildings, along with 9th floor suites in the east building, plus the 10th, 11th and 12th floors in the west building

Foyer Features

  • Ceramic tile flooring*
  • Mirrored sliding closet doors**
  • Quality ceiling fixture

Kitchen Features

  • Stylish custom cabinets*
  • Elegant granite countertop and ceramic backsplash
  • Ceramic tile flooring*
  • Double stainless steel sink** with a single lever chrome faucet
  • Choice of exquisite black or white appliances, including 18 cu. ft. refrigerator, electric range with self-cleaning oven, multi-cycle dishwasher, and over-the-range microwave oven with fan. Plus, white full-size stacked washer/dryer.
  • Three-head track halogen lighting

Bathroom Features

  • Plenty of storage in custom bathroom vanity with full-width lower storage drawer*
  • Lovely laminate counter top* with drop-in sink and chrome sink faucet
  • Vanity mirror with elegant light fixture
  • Ceramic tile flooring with full-height ceramic surroundings for shower and tub*
  • Chrome framed glass shower door in the shower stall**
  • Pressure-balanced chrome tub and shower valve
  • White fixtures

Mechanical, Electrical & Wiring Features

  • Individual season-controlled heating and cooling system
  • Individual remote suite hydro meter
  • Elegant light fixture in the hall and walk-in closet**
  • Dining room features a capped switched ceiling outlet
  • Switched wall outlet in living room, den and bedrooms
  • White Decora-style light switches and receptacles
  • Suites are conveniently pre-wired for TV outlets in the living room, bedrooms and den (where applicable)
  • Also conveniently pre-wired for telephone outlets in the kitchen, living room, bedrooms and den (where applicable)
  • The entire building is pre-wired for high-speed Internet access
  • Hardwired smoke and heat detectors are included in every suite

Building Amenities – The Gramercy Club

  • A beautiful, 2-storey glass-enclosed building filled with incredible conveniences and luxuries
  • 24-hour concierge to cater to your needs
  • Well-equipped fitness room and yoga room
  • Indoor oasis with pool and whirlpool, overlooking an outdoor sun terrace
  • Men’s and women’s change rooms feature steam rooms, showers and lockers
  • Entertain in a well-equipped party room with catering kitchen
  • Enjoy a lovely meal in the private dining room
  • Be entertained in complete comfort in the theatre
  • Enjoy your leisure time in a fantastic games room
  • Pamper your pets in the pet spa
  • Pamper your guests in the two guest suites
  • The community features a live-in superintendent
*Choice from Vendor’s standard samples
**As per plan Vendor shall have the right to substitute other products and materials for those listed provided that the substituted materials are of a quality equal to or better than the products and materials listed

BONUS WITH PURCHASE

Saffron: 1 parking space, $10,000 cash back AND $5,000 in upgrades

Marigold: 1 parking space, $5,000 cash back OR $8,000 in upgrades

Penthouses: 2 parking spaces and $25,000 in upgrades

Suite Features

Pre-engineered wood veneer flooring throughout (except in kitchen, bathrooms and laundry closet). Electric fireplace with wood surround in living room/dining room, as per plan. Kitchen to include choice of stainless steel, black or white appliances and glass, smooth top self-cleaning range. Pantry or pantry shelving, as per plan and granite countertop with under mount sink. Laundry room to feature full size, side by side washer and dryer. Master ensuite features marble countertop with under mount sink and chrome sink faucet. Powder Room or Main Bathroom (if no powder room) to feature marble countertop with under mount sink and chrome sink faucets.

Multi-media Technology

Pre-wired for cable TV outlets in living room, bedroom and den. Pre-wired for telephone outlets in kitchen, living room, bedrooms and den. Building pre-wired for high-speed internet access. Hardwired smoke and heat detectors in every suite.

The Gramercy Club

2-story glass-enclosed amenity building. 24-hour concierge. Equipped Fitness room and Yoga room. Indoor pool and whirlpool opening onto an outdoor sun terrace. Men and Women’s change rooms with showers and lockers. Party room with catering kitchen. Private dining room. Theatre. Games room. Pet spa. Two Guest suites. Superintendent suite. Private, extensive, landscaped park.

*All prices, figures and materials are preliminary and are subject to change without notice E &O.E. Note: All areas and stated room dimensions are approximate. Floor area measured in accordance with Tarion Bulletin #22. Actual living area will vary from floor area stated. May 19, 2012.
 

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159 Wellesley Condos

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Rehabilitation and urban intensification of a former gas station into an elegant tower showcasing design excellence, highlighted by a playful colouration of its curves. In the downtown, this central location offers excellent transit and amenities.159 Wellesley located at Wellesley Street and Sherbourne Street.

159 Wellesley Street by Diamond Corp would be a 38-storey tower with 326 condos, of which 216 would be 1-bedroom and the rest 2-bedroom units. The building would have a 4-storey podium with 2,300 square feet of street-level retail space and three residential floors, topped by a 34-storey point tower. A gym, party room, lounge and outdoor amenity space would be situated atop the podium on the fifth floor. The entrance to the condo would be from Sherbourne Street, as would vehicular access to the building’s garbage and loading zones. Access to the underground parking garage, which would hold 126 private parking spots and four visitor spaces, would be from Wellesley Street East. The building would have 195 bicycle parking spaces.

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Important Message: In order for an investor to take the most advantage of Buying Pre-construction Condos is to buy before its open to the public. Prior to opening day of a new condo sales office to the general public, prices may have gone up. This will be an opportunity for you to invest in a unit at the lowest price possible before its open to the public. You can be one of the first purchasers to be invited to Platinum VIP Preview Sales Event long before the presentation centre opens to the public. This gives you an opportunity to have the first access to inventory, best pick at unit levels, floor plans, lowest price not available to the public and the ability to take advantage of Platinum VIP Condo Incentives the builder may offer.  This is a perfect opportunity at the Platinum VIP Price.

For more information and to register now for this project Condos Platinum VIP Preview Sales Event please Register, we can only bring limited customers into the Platinum VIP Sales Event, so pre-register now for priority access:

 

 

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Yonge + Rich Condos

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Introducing Yonge + Rich Condos, setting a new standard for condominium living in the heart of the city. Entertain friends on your expansive landscaped terrace surrounded by open sky and lake views.

Conveniently located at Yonge and Richmond, this soaring development at 25 Richmond Street East. Yonge + Rich Condos provides residents with uncompromised lake and city views, unparalleled design, expansive terraces ideal for entertaining, and unbelievable features and finishes.

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With the TTC just steps away, explore your city, or discover Toronto’s underground PATH where you will find local boutiques, gourmet food shops, The Eaton Centre, and Dundas Square. The city is at your doorstep.

Priced from $289,990

Yonge + Rich Features & Finishes

THE BUILDING

Located just east of Yonge, live at the centre of it all with everything you can imagine. Enjoy easy access to the subway, the PATH, Eaton Centre, U of T, and the Financial and Entertainment Districts. Live with luxury amenities, expansive terraces, and views of the lake and city. YONGE + RICH Condos is a dramatic 50-storey tower, designed by celebrated architectural firm, Architects Alliance. YONGE + RICH Condos is at the southeast corner of Richmond and Victoria Street with the main entrance off Richmond Street East.

Breathtaking double-height lobby and extensive amenities designed by internationally-renowned interior design firm Burdifilek. Amenities will be located on the entire fifth floor and will include yoga / aerobic / pilates room, his and hers steam and change-rooms, cardio room, weight room, fitness training room, billiard room, kitchen / dining / bar lounge area, and pool side lounge. This floor opens onto a spectacular garden designed by acclaimed landscape architect, DTAH. This resort-in-the-city style area will include an outdoor swimming pool and hot plunge, BBQ area, seating, sunning areas and trees.

  • 24 hour, 7 day a week concierge including virtual concierge service through custom-designed mobile application.
  • Underground parking with security monitoring from concierge station.
  • Underground garage painted white and lit with fluorescent lighting for added safety and security.
  • 4 custom-designed high-speed elevators.
  • Paid visitor parking for cars on the uppermost parking level.
  • Mailroom conveniently located beside front lobby.

THE SUITES

  • Ceiling heights of approximately 8’6” up to and including floor 21, and approx. 9 ft. on floors 22 and above. Ceiling heights are exclusive of bulkheads, which are required for mechanical purposes such as kitchen and bathroom exhausts, and heating and cooling ducts.
  • Choice of designer-selected pre-finished engineered flooring throughout.
  • Choice of one paint colour, from builder’s standard samples
  • Solid core entry door with security view-hole.
  • Samsung electronic door hardware with RFID / security code access
  • Sliding or swing doors in bedrooms, as per plans.
  • Architecturally-designed baseboards, door frames and casings.
  • Brushed metal door handles and hardware.
  • White, plastic-coated, ventilated wire shelving in all closets.
  • Insulated double-glazed, aluminum windows.
  • Stacked compact brand-name washer/dryer with exterior venting in all suites, as per plans.

THE KITCHEN

  • Contemporary kitchen cabinetry custom designed by Burdifilek, in a variety of materials and colours, from builder’s standard samples.
  • Choice of quartz kitchen countertop, from builder’s standard samples.
  • Glass tile backsplash, from builder’s standard samples.
  • Single bowl stainless steel under mounted sink with contemporary design faucet with integrated
  • Choice of pre-finished engineered flooring, from builder’s standard samples.
  • Stainless steel appliances including full-height counter depth 25” refrigerator for one bedroom and one bedroom + den suites (30” refrigerator for two bedroom and two bedroom + den suites), 30” self-cleaning range, built-in dishwasher and built-in microwave, as per builder’s standard samples.
  • Integrated stainless steel hood fan, as per builder’s standard samples.
THE BATHROOMS
(master bathroom or main bathroom in one bathroom suites)
  • Choice of quality Burdifilek custom designed cabinetry in a variety of materials and colours, from builder’s standard samples.
  • Choice of quartz countertop with undermount ceramic sink and polished chrome faucet.
  • Burdifilek custom designed mirror above vanity.
  • Wall mounted lighting above vanity.
  • Choice of 12”x24” porcelain tile, from builder’s standard samples.
  • Soaker tub with shower rod, as per plans.
  • Steel accessory package including towel bar and toilet paper holder, where applicable.
  • Choice of full height porcelain wall tiles in tub/shower enclosure, from builder’s standard samples.
  • White plumbing fixtures.
  • Exhaust fan vented to exterior.
  • Pressure balance valve for tub.

THE SECOND BATHROOMS

(in two bathroom suites)
  • Choice of Burdifilek custom designed quality cabinetry in a variety of materials and colours, from builder’s standard samples.
  • Choice of quartz countertop with undermount ceramic sink and polished chrome faucet.
  • Burdifilek custom designed mirror above vanity.
  • Wall mounted ceiling lighting above vanity.
  • 12”x24” porcelain floor tile from builder’s standard samples.
  • Full height porcelain wall tiles in shower enclosure, from builder’s standard samples.
  • Frameless glass shower enclosures, as per plans.
  • White plumbing fixtures.
  • Steel accessory package including towel bar and toilet paper holder, where applicable.
  • Exhaust fan vented to exterior.
  • Pressure balance valve for tub and shower.

THE TECHNOLOGY

  • Building to feature virtual concierge service through custom-designed mobile application.
  • Emergency voice communications system, smoke, heat and carbon monoxide detector where applicable in each suite.
  • High-speed Internet access provided with “future technology-ready” features in all suites.
  • Rough-in for future security system.
  • Pre-wired for cable TV and telephones as per plans.
  • White “Decora” switches and outlets.
Great Gulf is a member of BILD (Building Industry and Land Development Association) of Toronto.All suites protected under the Tarion Warranty Corporation.Interior design consultation at Décor Centre on all finishes and colour packages included in purchase price. All interior floor, wall finishes and materials are to be chosen with the assistance of the Builder’s Interior Design Consultant. All materials and other selections for which the Purchaser is entitled to make a selection are to be chosen from Builder’s samples, and are as per Builder’s specifications. Purchaser shall only be entitled to make such selections provided that the items are not already ordered or installed. Sizes and specifications are subject to change without notice. E. & O.E.

Price List and Floor Plans  are available upon request.

Important Message:In order for an investor to take the most advantage of Buying Pre-construction Condos is to buy before its open to the public. Prior to opening day of a new condo sales office to the general public, prices may have gone up. This will be an opportunity for you to invest in a unit at the lowest price possible before its open to the public. You can be one of the first purchasers to be invited to Platinum VIP Preview Sales Event long before the presentation centre opens to the public. This gives you an opportunity to have the first access to inventory, best pick at unit levels, floor plans, lowest price not available to the public and the ability to take advantage of Platinum VIP Condo Incentives the builder may offer.  This is a perfect opportunity at the Platinum VIP Price.

For more information and to register now for the Yonge + Rich Condos Platinum VIP Preview Sales Event please fill out the form below, we can only bring limited customers into the Platinum VIP Sales Event, so pre-register now for priority access:

 

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New Toronto condo sales decline in Q3 2012 due to lack of new launches

There were 3,317 new condominium apartment sales in Toronto in Q3 2012 according to the new Urbanationmarket overview released today.

This represents a 30 per cent decrease from the second quarter figure.

“With slowing sales and a record level of unsold inventory in the market in the second quarter, condominium developers reacted quickly by delaying their project launches, especially in the ‘416’ area,” explained Ben Myers, Urbanation’s Executive Vice President, in a press release.

“Just five projects launched in Toronto in Q3-2012, as developers choose to review their pricing assumptions and unit mix.”

The report also noted the average price of an unsold unit in the Toronto CMA  is sitting at $573 per square foot, an increase of 2 per cent year-over-year. In Toronto proper, the price was $670 per square foot, up from $668 a year ago.

The low number of new launches led to a decrease in unsold inventory in the Toronto CMA from a record high 18,123 in Q2 2012 to 17,182 in Q3.

How will the Toronto market fare in Q4? We’ll have to wait until the new year to find out the official numbers.

Source: Urbanation
 

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Seven costly mistakes of property investment

Would-be buyers are often scared by hellish income property stories. But if you want to stay out of property purgatory, writes investment expert Paul Kondakos, avoid the following 7 Deadly Sins of income investing:

1. Poor Property Selection – This one can weigh on anyone’s soul as purchasing the wrong investment property can have long lasting repercussions that can range from high vacancy rates to exorbitant maintenance/repair costs. You need to ensure that you educate yourself and do your homework before you jump into any investment. Start by learning the criteria that make for a good income property investment.

2. Lazy Expense Tracking – Income property investing is a business, and as such, you need to be doing one of two things. Increasing revenue or decreasing expenses. Failure to track expenses is a costly mistake as patterns may reveal opportunities for cost savings. One such example is utilities which are one of the biggest expenses in operating an investment property. Often times water leaks can go undetected and cost BIG money. Simply tracking your bills will alert you to any activity that is out of the norm and allow you to act immediately.

3. Inadequate Tenant Screening – If you want to truly experience income property Hell don’t do any tenant screening at all. This is the one of the biggest sins you can commit as a property owner as you leave yourself open to unpaid rent, property damage, disruption of other tenants, additional unwelcomed tenants and a whole slew of other bad things which can cost thousands of dollars. To avoid this certain Hell, ensure you (A) Check Credit (B} Check Employment References and Pay Stub (C) Check Previous Landlord References (D) Check Personal References (E) Check Photo ID and (F) Ensure you Get First and Last Month’s Rent Up-Front.

4. Negligent Superintendent Supervision – Failure to supervise can be a costly mistake as the downside can range from missed efficiencies or savings opportunities to outright fraud or theft. No matter how great your superintendent or property manager, you still need to actively manage them as no one has your best interests at heart like you do. To ensure everyone is on the same page have regular meetings with your superintendent or property manager to review repairs, expenses, tenants and protocol.

5. Sloppy Accounting – Not keeping track of your income and expenses will not only put you on a fast track towards major headaches at tax time, it will leave you in the dark about potential inefficiencies and costs savings opportunities. Using an accounting program such as Quick books or a simple Excel spreadsheet will help keep you out of CRA’s Inferno.

6. Deferred Property Maintenance/Repairs – There is a special place reserved in Hell for the Slum lord. This one is a double whammy for those that are eager to experience income property Hell. While no one likes to shell out money for maintenance and repairs, failure to do so will inevitably lead to 2 other certainties (A) good tenants will leave and (B} repair and maintenance expenses will begin to grow exponentially the longer they are ignored. Keep your inner Slum lord at bay by putting aside funds to carry out regular maintenance and repairs.

7. Complacency on Rents – As mentioned in Sin #2 (Lazy Expense Tracking), income property investing is a business. Failure to keep up with going market rents will keep you from achieving maximum potential income (and keep you from maximizing the market value of your income property). Ensure that rent increase notifications are being handed out every anniversary as per the prescribed guidelines and that any newly vacant units are being priced according to going market rents.

Avoid these 7 Deadly Sins of income property investing and you will find that income property investing can be a heavenly experience. Source: Canadian Real Estate Wealth

 

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