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Post House Condos Special Offer

Post House condos located at George and Adelaide is having a sale (sort of). The prices are not on sale, but the deposit structure they are offering is. Check it out:

• $3K with offer
• balance of 5% in 30 days
• 5% in 120 days
• 5% in June 2013
• 5% at occupancy

Only 10% is required up front, with nothing more for over 2 years until June 2013, then another 5% at occupancy (estimated to begin August 2013). Buyers and investors are always looking for an edge on the deposits, and while the days of 5% down are behind us for now, this offer is excellent for the buyer who is looking to really stretch their dollar on a pre-construction purchase.

1 bedrooms are still available starting from $278,990, 1+dens from $318,990, 2 bedrooms from $365,990. Average price per square foot is around the mid to high $500s. Parking is $39,500. Penthouses are also available with this promotional deposit structure.

This offer is on for a limited time only. Contact me for details.

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Special Offer Available at Post House Condos

November 24th update: Prices at Post House Condos to go up December 1. Contact me to take advantage of these low prices and special incentives before it’s too late.

While developers across the board are now starting to roll out incentives for buyers as they compete for sales, some offers are still only available to a select group of Realtors like myself who have a previous track record of sales. As I always preach on this blog, it literally pays to hire a knowledgeable AND experienced buyer’s agent when you are thinking about purchasing a pre-construction condo.

For the month of November, my clients can take advantage of a pretty nice offer at Post House Condos. This offer is not available to the public and is limited to a small group of VIP Realtors like myself. Normal deposit structure is 20% over 365 days for this development. For my clients it is only 15% over 365 days + 5% at occupancy AND I have been given 3 ‘coupons’ that entitles 3 clients to receive 1% cash-back on their purchase. A nice double perk

If you are thinking of investing in a condo in the very popular St Lawrence Market neighbourhood, this is a great buy right now with units selling in the low to mid $500s per square foot. Other projects in the area like “Backstage” are in the high $600s per square foot. Contact me for details.

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Top-5 New Launches to Watch

It’s been a very busy year for new condo launches. Here are my top-5 projects that I’ll be watching for investment over the last few months of 2010:

1. Bisha. This one could be special, but it certainly won’t be cheap. I’m hearing pricing will start in the high $600s and go up from there. I’ve also heard that the lifestyle component of the building will be something unique in Toronto.
2. One Park West. I’ve already seen some of the plans for this newest release in the Regent Park redevelopment by Daniels coming up in September and it looks very interesting. One unique aspect are the stacked townhomes that are probably the best floor plans for stacked towns I’ve ever seen.
3. River City Phase 2. Phase 1 launched late November of last year. At last check they were well over 70% sold. Those who doubted this development because of its location will likely have to strongly consider investing in phase 2 after the success of phase 1.
4. Studio on Richmond. Not many details available yet on this project but great location in the heart of the Entertainment district and the developer (Aspen Ridge) has offered good value to investors in the past with projects like VU on Adelaide Street East.
5. Post House. Right next to the VU site will be Post House by Alterra. The proximity to the booming St Lawrence Market ‘hood has many of my clients drooling with anticipation. This one has just released floor plans and pricing for the VIP event. Contact me for details!

Other projects on my radar screen for the next 3-6 months include:

• Plazacorp‘s site at Yonge and Wellesley (project name TBA, location very intriguing)
• Imperial Plaza (office building conversion at Avenue and St Clair by Camfrost Felcorp)
• Cityzen’s “Name this condo” site at Yonge and Esplanade
• Brad Lamb’s Theatre Park site (what height/form will be approved?)
• Daniels Cinema Tower (follow up to Festival Tower)

Wondering how to keep track of the latest and greatest condo projects downtown? Hire me as your downtown condo expert today.

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Coming Soon: Post House Condos

It has been about a year and a half since I first wrote on this blog about Post House Condos. The developer (Alterra) first put up signage on the property at Adelaide and George Street around that time, but the project is just launching sales now. The project probably was put on hold during the market dip of fall 2008-spring 2009, and now a year later, they look to be finally ready to start selling units.

Post House looks like it should be a nice addition to the growing number of pre-construction projects in the St Lawrence / King East neighbourhood.  Another boutique-sized building, this should appeal mostly to end-users, but I wouldn’t be surprised if they follow the trend of having the majority of suites as 1 bedroom or 1+dens under 700 sq ft to capture a good portion of investor buyers. In this market it’s just too tempting for developers to not make their projects investor-friendly.

For more information on this project and to receive floor plans and pricing for any upcoming VIP sales events, please contact me.

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Post House Condos

Located just behind Toronto’s First Post Office and alongside historic buildings of what was known as the Town of York, Alterra is designing Post House to follow the lines of the historical surroundings and work with the culture and mood of this area. As the building rises to 21 storeys the elegant cosmopolitan designed architecture becomes apparent resting on the classic style façade of the lower base. Post House Condominium will house 280 luxury affordable residences all with modern open concept floor plans and 9 ft ceilings where applicable. Each suite will feature a contemporary European designed kitchen and prevailing up to the minute finishes.

Post House Condominium is conveniently located on George St. just north of Adelaide and within walking distance to all your local amenities, and just a few minutes walk to the King Subway Station. Just steps away are George Brown College Saint James campus and the renowned George Brown Culinary School. Take a stroll over to the St. Lawrence Market and take in the ambiance of the fresh fruit vendors or let the aromas of the hot lunches tantalize you. Although in the heart of it all, there is still plenty of green space in the area. Grab a book and take a walk to St. James Park. Here, you can relax and take in the architectural surroundings from the gothic styling of the St. James Cathedral, to the towers of the financial district and even the CN Tower. From arts and theatres to an abundance of restaurants there is never a dull moment in this neighbourhood.

Striving to preserve the community, Alterra has introduced numerous green and energy efficient features into the Post House design including committing to the ‘Toronto Tier 2 Green Development Standards’ for a greener Toronto. “The Toronto Green Standard is about designing sites and buildings that are more environmentally friendly. Achieving the Toronto Green Standard will result in measurable improvements to air and water quality; increase energy and water efficiency, and solid waste diversion rates; reduce greenhouse gas emissions; and enhance ecology and the natural environment.” Technologies and strategies being implemented include amongst others, energy efficiency fixtures, appliances and pumps, water efficient fixtures and appliances and an HRV for each suite. The design also includes the collection of storm water into an on site storm water retention tank plus much more.

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Coming Soon: Posthouse Condos

Coming soon to Adelaide and George St: Post House Condominium by Alterra Group. The name “Post House” comes from the sites’ proximity to Toronto’s first post office. This boutique building will rise 16 storeys above this historic and rapidly changing neighbourhood that is becoming one of the hottest areas to live in the downtown core with several other new or recent projects launching in the area including The Modern, Kormann House, VU, and Rezen just to name a few.

The neighbourhood has become very attractive with the furniture district along King Street East, The St Lawrence Market, and several great restaurants and pubs all within a 5 minute walk. Also nearby are the recently renovated buildings of George Brown College and it’s well-known culinary school.

For more information on Post House and your opportunity to purchase before the public at an upcoming VIP release, please contact me.

Thinking of buying a new condo directly from a builder? Read this first.

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