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Category Archives: Luxury Homes

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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IT Lofts

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IT Lofts is a boutique loft residence, located in Little Italy where it meets Little Portugal and Dufferin Grove.

Say ciao to la dolce vita in downtown’s favourite neighbourhood. Rising seven storeys above the stylish streets of Toronto’s Little Italy, IT Lofts put you at the centre of vibrant city living. Great nightlife, beautiful residential streets, and charming shops, cafes and restaurants offer a modern European vibe you won’t find anywhere else in Toronto. IT’s the ideal place to live, work and play, all within blocks of home.

In fact, IT’s the perfect place to call home.

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With architecture that’s geometric, angular and remarkably varied, this is no cookie-cutter construction project. IT Lofts is an artful blend of design and function that merges glass and concrete with striking marble accents, dark with light, recessed spaces with jutting elements. It all works together to create a harmonious structure that’s unexpected, exciting – and remarkably beautiful.

The Finishing Details

Suite Features

  • ceiling height in principal rooms is 9ft or 10ft†
  • floor to ceiling windows†
  • sliding doors open onto the balcony† and terrace†
  • exposed concrete ceilings and in all areas except the bathroom, powder room†, washer/dryer room and foyer†
  • exposed round concrete columns†
  • white painted interior walls
  • 4” baseboard and 2 1/2” door casing
  • slab style bathroom, closet and washer/dryer room doors with brushed chrome hardware
  • glass sliding door(s)† to bedroom
  • vinyl coated wire shelving in all closets and storage areas†
  • full-size stacked Energy Star™ washer and dryer
  • individually controlled heating and air conditioning system utilizing a heat pump system
  • gas BBQ connection provided on all terraces† and balconies†
  • hose bib provided on all terraces†

Kitchen

  • custom designed kitchen cabinetry with island† in a selection of finishes*
  • quartz surface counter top*
  • back-painted glass backsplash*
  • single bowl under-mount stainless steel sink
  • single lever deck mounted faucet set with pull-out spray
  • integrated and stainless steel appliances – Energy Star™ frost free refrigerator, Energy Star™ dishwasher, gas cook top, and electric built-in oven
  • integrated exhaust hood and microwave oven

Bathrooms

  • custom designed bathroom cabinetry in a selection of door finishes*
  • rain style shower head
  • full width mirror
  • porcelain wall tile* on all wet wall surrounds (bathtub and shower†) and vanity wall
  • white bathroom fixtures
  • deep soaker bathtub† with tiled skirt
  • pressure balanced mixing valve in the bathtub and shower†
  • exhaust fan vented to the exterior

Floor Coverings

  • engineered wood floors* throughout with the exception of the bathroom(s) and washer/dryer room
  • porcelain floor tile* in bathroom
  • ceramic floor tile in washer/dryer room

Safety and Security

  • pre-wired for a personally encoded suite intrusion alarm system
  • electronic communication system located in the secure main entry vestibule. guests in the main entry vestibule can be viewed on the resident’s television
  • surveillance cameras in the lobby, and main entry vestibule
  • key fob controlled access system at all main building entry points and parking garage
  • smoke and carbon monoxide detectors provided in all suites

Electrical Fixtures

  • individual electrical panel with circuit breakers
  • white ‘decora style’ receptacles and switches throughout
  • ceiling mounted track lighting in kitchen
  • ceiling mounted light fixtures in foyer† and hallways†
  • pot lights in bathroom(s) and powder room†
  • capped ceiling light fixture outlet in dining room†
  • switch-controlled split outlets in living room, den† and bedroom(s)

Multi-media Technology

  • structured high speed wiring infrastructure with network centre to support the latest entertainment and high speed communications services
  • pre-wired telephone, cable television and communication outlets. category 6 telephone wiring to all telephone outlets. rg-6 coaxial cable to all cable television outlets. each cable television and telephone outlet connects directly to the suite network centre
† – as per plan
– from the vendor’s samples
natural products (i.e. granite, wood and marble) are subject to natural variations in colour and grain. tile is subject to pattern, shade and colour variations
if the unit is at a stage of construction which will enable the Vendor to permit the Purchaser to make colour and material choices from the Vendor’s standard selections, then the Purchaser shall have until the Vendor’s date designated by the Vendor (of which the Purchaser shall be given seven (7) days prior notice) to properly complete the Vendor’s colour and material selection form. If the Purchaser fails to do so within such time period, the Vendor may irrevocably exercise the Purchaser’s rights to colour and material selections hereunder and such selections shall be binding upon the Purchaser. No changes whatsoever shall be permitted in colours or materials so selected by the Vendor, except that the Vendor shall have the right to substitute other materials and items for those provided in this Schedule provided that such materials and items are of quality to or better than the materials and items setout herein
the Purchaser acknowledges that there shall be no reduction in the price or credit for any standard feature listed herein which is omitted at the Purchaser’ request;
references to model types or model numbers refer to current manufacturers models. If these types or models change, the Vendor shall provide an equivalent model;
all dimensions, if any, are approximate. Actual useable floor space may vary from the stated floor plans, if so stated;
all specifications and materials are subject to change without notice E. & O.E.;
pursuant to this Agreement or this Schedule or pursuant to a supplementary agreement or purchaser order, the Purchaser may have requested the Vendor to construct an additional feature within the unit which is in the nature of an optional extra. If, as a result of building, construction or site conditions within the Unit or Building, the Vendor is not able to construct such extra, then the Vendor may, by written notice to the Purchaser, terminate the Vendor’s obligation to construct the extra. In such event, the Vendor shall refund to the Purchaser the monies, if any, paid by the Purchaser to the vendor in respect of such extra, without interest and in all other respects this agreement shall continue in full force and effect;
the Vendor shall have the right to substitute other products and materials for those listed in this Schedule, represented to the Purchaser or provided for in the plans and specifications provided that the substituted products and materials are of a quality equal to or better than the products and materials so listed or so provided. The determination of whether or not substituted materials and products are of equal or better quality shall be made by the Vendor’s architect
all suites protected by the Tarion New Home Warranty Program

IT Lofts Price List Will Become Available Soon

 

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Mirvish+Gehry Toronto condo

 

It’s not often that a single development proposes to transform Toronto’s skyline and dramatically alter a well-known city streetscape. For one, it takes owning blocks of prime real estate. But, more than that, it takes a bold vision about what the city could be.

That’s really what theatre mogul David Mirvish and internationally celebrated architect Frank Gehry unveiled on Monday.

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The plan calls for thousands of new homes in three condo towers, soaring as tall as 85 storeys; a public museum for Mirvish’s extensive collection of abstract paintings; an art gallery and classroom space for OCAD University; and new retail space. But, as envisioned, it is much more than the sum of its parts. The project could enhance Toronto’s arts and culture scene and international reputation.

This proposed development is probably years away from breaking ground and it will garner plenty of controversy before it does — starting with the height of the condo towers and the need to demolish the Princess of Wales Theatre to make way for them.

But this is the kind of dramatic thinking that Toronto sees far too rarely, and should be embraced. For such a big city, Toronto often acts very small. We routinely complain that Toronto lacks the architectural statements that mark other great cities around the world but we seldom see proposals to do much about it. The Mirvish-Gehry collaboration offers exciting possibilities for the city.

There will be challenges ahead, certainly. Gehry will have to live up to the hype by ensuring that what is ultimately built is in keeping with the dramatic images that are used to get Torontonians onside. The bottom six storeys, he says, are intended to be “evocative of old Toronto.” Achieving that, while the height and originality of the condos could rival the CN tower in future skyline postcards of the city, won’t be easy.

City hall, through its public consultation and zoning process, will have to make sure a development of this size can be a success on King St. W. Where will the residents of these “sculptures” in the sky shop for their groceries? Where will their kids go to school and will they be able to squeeze onto the King streetcar? The city needs to sort all that out.

But it should do so with a view to making this project the most it can be, not the least. As the local councillor, Adam Vaughan, has already said, the coming debate should be about city building — and not just the height of the buildings.

Courtesy: Thestar.com

 

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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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The Britt Condos

Introducing The Britt Condos- designed for those with a passion for the finest things in life, British-inspired architecture, with interior design and amenities that surpass European standards. The Britt Condos is where classy meets classic and historic meets epic. Situated at Bay and Wellesley, and injecting new life into the legendary Sutton Place Hotel, The Britt is steps from Bloor Street with its world famous “Mink Mile“, and the allure of Yorkville with its restaurants, boutique shops and services. The financial district and downtown core and only a bus ride down Bay, and the subway is just around the corner.

The Britt Condominium Residences will ultimately consist of a soaring 41 storey residential tower along Bay Street with a separate 8 storey wing that fronts on Wellesley St. Munge Leung-designed amenity spaces include the elegant 2 level lobby with grand staircase providing many lounging opportunities over looking Bay Street.

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Features & Finishes

BUILDING FEATURES

  • Grandly designed two storey level entry lobby
  • Second storey lounge areas
  • Seven elevators. Each floor served by at least two elevators
  • One shuttle elevator providing service between the entry lobby and the parking levels
  • Indoor Amenities on Second Floor:
  1. Multi-purpose party room with kitchen facilities
  2. Home Theatre Room
  3. Sundry Lounge Areas
  4. Management Office
  5. Furnished Boardroom
  6. Storage Room
  • Outdoor amenities on the Second Floor
  1. Furnished Lounging Areas with Barbeque Services
  2. Exterior Fireplace
  • Fitness/Spa Facilities on the Second Floor
  1. Equipped Fitness Centre
  2. Men and Women Washrooms and Change Rooms,
  3. Yoga/Aerobic Studio
  4. Spa Facility with Hot-Tub Spa, Dry Sauna, Bathrooms, Showers, and Relaxing Lounge
  5. Lounging Outdoor Terrace
  • Ninth Floor Amenity Facilities:
  1. Outdoor Pool, Hot-Tub and Lounging Areas
  2. Party Room and Kitchen facility
  3. Outdoor private lounging area with individual Barbeque stations, central fire place and landscaped lounging areas
  • 24 Hour Concierge
  • Pet Spa
  • Individual storage/bicycle lockers**
  • Auto share parking spaces

SUITE FINISHES

  • Approximately nine foot ceilings in exterior part of units facing Bay Street from Floors 3 to 31
  • Approximately nine foot ceilings in units on floors above 31 ****
  • Approximately nine foot ceilings in units facing Wellesley Street from Floors 2 to 8****
  • Exterior glass sliding doors***
  • Solid core entry door with hardware and security viewer
  • Choice of multi strip engineered hardwood flooring, porcelain or ceramic in entry foyer
  • Multi strip engineered hardwood flooring in den, living rooms, dining rooms and halls***
  • Individually controlled heat pump heating and cooling system
  • 40 Ounce broadloom and upgraded under pad in bedrooms***
  • Sliders or hinged doors on closet doors***
  • In-suite smoke detector
  • In-suite carbon monoxide detector
  • Laundry with stacked washer/dryer vented to exterior
  • Ceramic flooring in laundry area
  • Interior walls painted off-white quality latex*

KITCHEN

  • Choice of multi strip engineered hardwood flooring, porcelain or ceramic flooring*
  • Selection of designer series kitchen cabinetry*
  • Granite countertop*
  • Designer series ceramic tile backsplash*
  • Stainless steel sink with single lever faucet and pullout vegetable spray***
  • Integrated refrigerator and dishwasher, cooktop, stainless steel wall oven, stainless steel built-in microwave and stainless steel integrated slide-out exhaust hood
  • Ceiling mounted lighting fixture

MASTER ENSUITE BATHROOM

  • Choice of marble, porcelain or ceramic flooring* ***
  • Medicine cabinet **
  • Marble countertop with ceramic basin*
  • Safety pressure-balancing valve in tub**
  • 5’ soaker tub or shower with glass panel with chrome faucets***
  • Designer selected white plumbing fixtures**
  • Designer selected cabinetry*
  • Choice of marble, porcelain or ceramic wall tile in tub or shower area ***
  • Exterior vented exhaust fan
  • Entry privacy lock
(Note: In units with one bathroom, the bathroom will be outfitted with ensuite bathroom finishes.)
  • Choice of ceramic or porcelain flooring* ***
  • Laminate countertop with ceramic basin*
  • Safety pressure-balancing valve in tub**
  • 5’ soaker tub or shower with glass panel with chrome faucets***
  • Designer selected white plumbing fixtures
  • Designer selected cabinetry*
  • Choice of porcelain or ceramic wall tile in tub or shower area ***
  • Exterior vented exhaust fan
  • Entry privacy lock

ELECTRICAL FEATURES

  • Rough in ceiling light outlets in dining room
  • Lighting fixtures in bathrooms**
  • Lighting fixture in hallway
  • Cable television outlets in den, living room and master bedroom**
  • Telephone outlets in living room and master bedroom**
  • Service panel with circuit breaker

SECURITY FEATURES

  • 24-hour Security cameras in select garage/parking areas
  • Concierge
  • Closed circuit camera monitoring at select building entry points
  • Electronic communication system in lobby vestibule permits visitors to communicate with suite from building entrances

ENERGY EFFICIENCY FEATURES (3)

  • Energy Star appliances
  • Dual flush toilets
  • Energy efficient light bulbs
  • Water conserving faucets
  • Individually metered hydro
GENERAL
Please see provisions in Schedule A relating to Purchaser’s rights to select finishes and Vendor’s rights to install substitute materials and finishes
* Colours and/or materials to be selected from Vendor’s standard sample packages, as provided for below. Vendor shall not be responsible for shade differences occurring from different dye lots.
** If applicable
*** As per plan
**** Except bathrooms, laundry, bulkheads and drop ceilings for mechanical systems, as required
(1) The Vendor shall have the right to make alterations to the selection and specifications relating to Energy Efficient Features. Dated: June 5th, 2012

PLATINUM VIP AGENT INCENTIVES:

1% Discount off the Suite Price

$2000 Cash off Certificates

$2000 towards Upgrades

$0 Assignment Fee – Regularly $5000

Prices Starting from $274,900

Deposit Structure

  • $2,000 with the offer
  • Balance to 5% in 30 days
  • 5% in 120 days
  • 5% in 270 days
  • 5% on occupancy

Off-Shore Deposit Structure

  • $2,000 with the offer
  • Balance to 7.5% in 30 days
  • 7.5% in 120 days
  • 7.5% in 270 days
  • 7.5% on occupancy

Projected Occupancy Date: Spring 2016

Estimated Taxes: Approx. 1% of Purchase Price

Maintenance: Approx. $0.60 per sq.ft. + Hydro

Parking: $45,000 (available for suites 790 sq.ft. or larger)

Locker: on waiting list only

The Britt Residences Price List & Floor Plan Available only upon request.

 

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No sharp dive in housing market says CIBC economist

According to a top CIBC economist, suggesting the anticipated housing decline will not be as sharp or as long as earlier projected because of immigration.

“It turns out fears of a long and sharp downturn in the housing market, are highly exaggerated and very premature,” said Benjamin Tal, deputy chief economist at CIBC. “In fact demographic forces will be supportive to real estate markets in the coming decade.”

Tal predicts immigration, which is responsible for most of the population growth, will be a major force impacting housing demand.

“What’s more, there is significant jump in the home ownership rate among immigrants as they pass the three-year mark,” said Tal. “In fact, after 10 years in Canada, the propensity among immigrants to own a house is higher than among native Canadians.”

While there will be a decline in the number of Canadians under the age of 25 and those between 45 and 54, those age groups account for a relatively small portion of home buyers, Tal writes in his latest Consumer Watch report.

By contrast, the number of Canadians between the ages of 25 and 35 – the age group that makes up the vast majority of first-time home buyers – will continue to rise, the report said.

“From a housing market perspective, what counts is not only the change in population of a given age group, but more importantly, the level of housing market activity among these groups,” said Tal. “In other words, the group that is most likely to buy a house will grow faster in the coming decade.” Source: Brokernews.ca

 
Comments Off on No sharp dive in housing market says CIBC economist

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Condo Prices Grow at Moderate Pace in Q2

Condo Prices Grow at Moderate Pace in Q2

July 18, 2012Greater Toronto REALTORS® reported 6,435 condominium apartment transactions during the second quarter of 2012 – down by 2.6 per cent compared to 6,609 transactions reported in the second quarter of 2011. New listings for condominium apartments were up substantially on a year-over-year basis, climbing by 19 per cent in comparison to 2011.

“The condominium apartment market has been the best-supplied market segment in the GTA this year. Many condominium projects have completed over the past year and this has resulted in a substantial increase in listings and ultimately more choice for buyers,” said Toronto Real Estate Board President Ann Hannah. “The greater degree of choice in the condo market translated into a moderate rate of price growth compared to what was experienced in the low-rise market segment.”

The average price for second quarter condominium apartment sales was $342,212, representing a 3.2 per cent increase over the same period in 2011.

“Sellers seemed to be well-aware of condo market conditions in the second quarter. On average, units were priced in line with buyer expectations, with apartments selling for 98 per cent of the asking price in less than a month’s time,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. 6,435 6,609 Second Quarter 2012 Second Quarter 2011

 

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