November 24 update: Phase 2 launching this weekend. Contact me now for details and to book your preview appointment.
You have probably heard the ads which are all over town: “UpsideDownCondoPrices.com“. In order to remove the mystery surrounding this development I can tell you the ads are for My Electric City. If you are interested in purchasing a suite in advance of the public opening, contact me now.
My Electric City (Dupont and Lansdowne), like so many other condo projects in Toronto, launched in the summer of 2008, just a couple months before the real estate market temporarily collapsed. Sales were slow (compared to what Toronto developers were used to over the past 5 years), and now that the market has recovered, it’s time for a relaunch!
Milborne Real Estate is the marketing and sales company on this project, and it seems they are taking to the formula they so successfully used for Liberty Market Lofts (aka 17′ Ceiling Lofts): a marketing and advertising blitz with a catching campaign slogan in conjunction with a major sales event.
Details:
- Average Price Per Square foot $300-$330
- Parking $20K, Lockers $3K
- Occupancy December 2011
- 1 bedrooms from ~$160K-$195K, 1+dens from ~$180K – $215K, 2 bedrooms from ~$236K – $290K
- Maintenance fees are $0.26 per square foot+ hydro
- Standard suite features include granite counters, stainless steel appliances, laminate flooring in living, dining, den areas
Buyers looking for incredible value, and investors looking for bang-for-your-buck should consider My Electric City. If you would like more information about My Electric City, including floor plans, pricing and how you can purchase a suite NOW, weeks before the public launch, contact me.
Sept 29th update: Project has been selling very well. Floor plans can be downloaded here. Sample Price sheet can be downloaded here. If you are interested in purchasing a unit please contact me.
September 16th, 2009 at 3:59 pm
where are these located
September 16th, 2009 at 10:48 pm
can you please email me a price list,thanks.
September 22nd, 2009 at 2:51 pm
Can I see the floor plans please
September 22nd, 2009 at 6:55 pm
Hi there,
Please email me the price list and the floor plans.
Thank you.
September 22nd, 2009 at 9:55 pm
Please send me a price list. Thanks.
September 24th, 2009 at 6:55 pm
Please send me the price lists and the floor plans for 1,1+ den & 2 bedrooms units.
September 25th, 2009 at 10:58 pm
please send me the price for a 2 bed room condo.
September 25th, 2009 at 11:01 pm
i would like to see a condo for a resonable price likely 2 bed rooms .
September 25th, 2009 at 11:03 pm
can you tell me location.
September 30th, 2009 at 10:00 pm
pls send me floor plans and price list
October 4th, 2009 at 5:06 pm
I would be interested in a one or two bedroom suite.Please let me know
size of each and if there is a balcony.
October 4th, 2009 at 5:08 pm
I would be interested in a one or two bedroom suite.Please let me know
size of each and if there is a balcony, and course price list
Thank you
October 5th, 2009 at 1:45 am
can you please email me the price list and floor plans?
October 5th, 2009 at 9:48 am
For all those looking for floor plans and pricing: please read the post through to the end. There are links for both! cheers.
October 5th, 2009 at 2:03 pm
is there retail planned for the area?
October 5th, 2009 at 2:09 pm
Great question John. I don’t they have gotten that far in the plans for the area. The developer owns a massive tract of land there and is developing the entire area slowly but surely. I wouldn’t be surprised if retail showed up on the north side of Dupont, west of Lansdowne in the future plans.
October 5th, 2009 at 6:15 pm
Hi Andrew,
When are they going to break ground since I understand that there are over 80% sold, and I understand that phase 2 will be launching soon since pahse one has been almost sold out…meaning phase 2 is the adjacent building.
Cheers
R.
October 6th, 2009 at 10:01 pm
They may break ground as early as this year, but likely not till the spring.
October 7th, 2009 at 3:20 pm
Floor plans and price list for a 1 bedroom please and thx
October 12th, 2009 at 6:57 pm
Hi,
I am interesting for a 1 bedroom or 1+1 for myself (or investment). Can you send me a price list and floor plan? Are there units left? Am I too late?
Thanks,
Chris
October 13th, 2009 at 11:28 am
Looks like a borg cube to me !
FIRE PHASERS!!!
October 14th, 2009 at 4:54 pm
Once again:
For all those looking for floor plans and pricing: please read the post through to the end. There are links for both! cheers.
October 14th, 2009 at 5:23 pm
Can you please email me the price list, location and floor plans?
October 18th, 2009 at 11:37 am
Are there any 794 SF units left? Is there a model unit to look at?
November 11th, 2009 at 12:03 am
just drove by this place. lotsa potential. reminds me of liberty village in the beginning. seriously considering it. great prices, floor plans and experienced developer. this area is completely untapped. best to get in now!
November 18th, 2009 at 10:43 pm
When is the scheduled date of delivery for this project? (When can the buyers move in)?
Thanks
November 19th, 2009 at 6:51 pm
Can you please mail methe details like :
1. Area (Sq ft) for 1 bedroom and 1+ Den
2. location.
November 19th, 2009 at 11:22 pm
about 3 years realistically
December 6th, 2009 at 11:44 am
Any of these condos coming up in the 905?
December 7th, 2009 at 12:09 pm
Not sure what you mean exactly?
December 18th, 2009 at 3:38 pm
Hi Andrew,
What are the simularities of this project as well as Phase 2-8 with Liberty Village? I hear that phrase being used by some people. can you please give an explination?
Cheers
Richardj
January 4th, 2010 at 10:34 am
It is similar to Liberty Village only from the perspective that it is a master planned condo community that is located in an up and coming area near old rail lines and close to transit but not immediately beside major transit.
January 6th, 2010 at 1:45 am
So do you expect the or can you speculate that this area will be as sucessful as Liberty Village? As I understand the rail lines are a major issue in the area due to Metrolinx super development.
The Junction is under a major re-devlopment and the prices are right but is the area right for this devlopment?
Richardj
January 7th, 2010 at 10:39 am
I don’t think it will develop in the same manner as LV because there is only 1 developer pouring money into the area (as far as I know) whereas LV has money coming in from several different developers.
January 13th, 2010 at 11:29 pm
where is the upside down condos located as i went to the sales office and it states it would behind the rental apartments of standard life — is this correct?
are there any future plans for the Galleria Mall
January 21st, 2010 at 5:31 pm
Good question about Galleria Mall. Many people want that mall torn down. Andrew any news regarding the project starting this spring for P1?
January 22nd, 2010 at 11:30 am
@Richardj
The Galleria is ripe for redevelopment isn’t it? something like what they did (or tried to do) up at Don Mills would be interesting for this urban setting.
I don’t have any new news. maybe one of the developers sales reps who monitors this website can chime in?
January 23rd, 2010 at 6:45 pm
Andrew – why are these so cheap. Should I be concerned about anything? Is the land contaminated or the finishing real cheap or the developer has a poor track record? Pls let me know.
January 23rd, 2010 at 7:41 pm
Andrew, What would be your guestimate Property tax for 615 squarefoot in Phase 2?
January 23rd, 2010 at 11:42 pm
Sorry is Richardj a developer?
January 25th, 2010 at 10:57 am
@Jack Middleton : taxes would be approximately $180/month I would guestimate
January 25th, 2010 at 11:01 am
@John P
I don’t know who Richardj is.
January 25th, 2010 at 11:02 am
@Marcus Tikki
Location Location Location.
January 26th, 2010 at 5:18 pm
No I am not a developer, I live in the area….and have an interest in P1.
January 27th, 2010 at 12:49 am
I just put an offer today, it’s phase II 2 bedrooms, I have the same concern about the devloper and the safety of the neighbourhood. Does anyone be familiar with the neighbourhood? Why is that so cheap??
January 27th, 2010 at 1:04 pm
I live on the adjoining property 806 Lansdowne, I have been here going on 3 years now. The area is in a major transition phase, and it has become much better as in safer. There an element of criminality that is rooted in the area, but it is not like it was when I first moved here. The Toronto Police have made a huge impact on the area, and they are always around. The area is predominantly middle class, but with the planned phases going in it will become a much more attractive area. There is some gossip that the developer is in negotiations to have large chain grocery store on the corner of Dupont and Lansdowne, as well as a bank. This will also attract more people to the area, and this will push out the undesirables from the area due to higher traffic of people.
The only real issues and there are two, first is the driveway that is on Lansdowne, that is a very big issue with me and tenants living at The Standard Lofts. There will be an increase of 300-400 cars entering the property and exiting on that same driveway, and the illegal parking has been a contributing factor for 4 major accidents in 2 years, plus on pedestrian being run over before Christmas. I have had a personal conversation with the developer recently, and he did mention that they could possibly hire a paid duty officer to control the traffic….but that would be higher fees of condo owners.
Now the second issue is the shared property with the current buildings there will be no division or fence to separate the properties. The current tenants that do have dogs are not picking up the mess and there is so much doge feces all over the grounds…how will this affect the resale of the condos.
The price is right but the area is the why its cheap, there will be phase 1-8 and 2-4 have already broken ground. Once all the phases have been complete the area will be forced to change for the better. It’s not all gloomy, but do research on the area, call the Toronto Police, and ask the Division about the crime activity in the area. They have first hand information about this or better yet drive around the area at different times to see who doing what or what’s happening. This will give you a good perspective of what you’re getting into.
Personally the area is ok, there is so much history around this area, I have pictures from 1888’s of Lansdowne, and some of the houses have been on the street for over 140 years. The property where the condos will be built is where an old factory was at one time, exactly I do not know, there was a question from a post if the land was contaminated. Well most lands in Toronto do have a marginal contamination, and where you have industry you will have higher lvls.
Also another good point to buy into this area is it’s close to the Junction, and this area is in a major up swing. There are great restaurants there like the Purple Onion. During the warm weather there are so many different festivals on St. Claire, and you can walk there in 10 minutes. Since the TTC has almost completed the street car renovations this will add more access to other shops on that route……Bloor Village West is also close and High Park too.
January 28th, 2010 at 6:08 pm
Thanks Richard for your details. I do count on what u said and feel quite positive about the neighbour. Looking forward to being your neighbours soon!!
January 28th, 2010 at 11:02 pm
Thanks for the update Richard — good information. The tenants at Standard — what is the crowd like as Phase 1 and 2 will be close to them. I have heard that Metro is in talks with moving in the area on the north west side of Dupont. So things are happening in the area. I remember King West was once a delerict area — crime and prostitution and look what has happened to that area now. Do you know if the Developer owns the land with Coffee Time or if there are development plans for that part of Dupont. How about the rental apartment on side of coffee time is there plans for that to go away?
January 29th, 2010 at 7:41 pm
Ah yes 1011 Lansdowne, that building is an eyesore. I have heard from the City about this becuase I wrote a letter to the area councilman. I was told there has been a major enforcemnt to address the issue regarding the problmatic building. When I walk by that building I try to find a penny and put it in my shoe…so I can make a wish for it to implode….j/k!
Also the devloper was approched to see if they would take control of this same building, but nothing was concrete.
Coffeetime well that is another issue, and I do not know who is the owner. I have not yet foccussed my attention to the corner yet. But by the coming changes to the area, and a higher income per family I can see that maybe a new store taking its place in the future possibly. Really how can the donut shop survive or wouldn’t the owner want to cash in the changes and put a Second Cup or StarBucks there……?
So far the crowds that I have seen bying into P1 & P2 have been very impressive, all working middle class or better. I have a chat with Robert Falus who is the son of the developer, and he did mention the value has already increased in all the phases…..very reassuring indeed.
@John P I am not familar with King West, but I am looking forward to moving in, my view will be facing the city centre. I am a little jelous though. P1 has a half court (basketball) while P2 has a movie room…I will be in P1, and I do not play basketball
This area I feel is on the upswing, and its a great area during the warm weather…you can walk to many shops on St. Claire……plus the freatures of the condos are great for the price….I have to hand it to the developer for the resonable price. Like Andrew F said its about loction….
February 2nd, 2010 at 6:53 pm
Hey….I found out something more about Electric City, there is no 24- hours security on duty, I went to another building with the same development called Foundry Lofts (on Lansdowne, south of Dovenport), from the entrance I see no security/concierge on the lobby too. The lady who works in the sales center told me this is helping the condo to keep lower maintenance fee, however, I found it’s a bit awkward as a lot of condos in Toronto do have security.
February 3rd, 2010 at 3:01 pm
You are right there will be no security, and this will help the fees to be kept down to a degree. No cameras either! This can change in the future if owners want to have a security firm come in to have a guard. I think a guard would be a good idea becuase of the recent rash of tagging in Toronto, also to keep an eye out in general. But I think having good neighbores is the best type of security. I think for the first condo meeting for owners, maybe voice your opinion or concern…form a community watch. Right now where P2 is going to be built there has been some issues with parking problems, but I am on top of that issue…I keep calling the management..and they have cars towed etc. Also I do hope there is plenty of lighting, as this will help deter any issues….
February 18th, 2010 at 9:24 pm
will the proximity of phase 1 and 2 to the railtrack have any impact on the property value? I’ve read that GO has purchased the track and is conducting a study, depending on the results they may create an under or overpass where the CN and CP tracks overlap at Dupont and Davenport and increase their trains to Barrie.
February 26th, 2010 at 5:30 pm
I really do not see a lose in value…but you have to consider it’s is only one track on this line.
If they build an under/over pass that would gain value I would think….but who knows I have no insight into this sorta thing…I just know you will not lose by purchasing……