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River City Phase 2

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Oxygen Maisonettes

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Regent Park Revitalization Plan

I had the opportunity last week to attend a special luncheon event for the Regent Park Platinum Producers Club (agents who have special insider access to all the upcoming Regent Park condos including Paintbox). They outlined some of the details for the much anticipated project Paintbox Condos, and they also filled us in on the progress of the entire Regent Park Revitalization plan.

I find the above graphic very useful in explaining to first time buyers and investors about what exactly is happening in Regent Park today and over the next several years. [Click on the graphic for the full size image]. Highlights of the new Regent Park will include a massive Aquatic Centre, 6-acre park, pedestrian mews and the Arts and Cultural Centre.

You can quickly get a sense of the scale of the project, as well as in what order things are going to be constructed. Phase 1 is WELL underway with One Cole finished, Sobey’s/Rogers/Tim Horton’s/RBC are all open for business, and One Park West will be completed this summer. Phase 2 is where the real action begins and Paintbox will be right in the heart of it. The two things that will potentially be real ‘game changers’ for Regent Park will be located here:

1. Regent Park Arts and Cultural Centre. This building has millions in federal funding behind it and sounds like it will be incredible. This will be a building for TORONTO, not just Regent Park. Key events will happen here. Movers and shakers will spend time here. This could be HUGE for this neighbourhood.
2. Pedestrian Mews. This will be a European-style urban park/walking area that will be landscaped and apparently will have cafes, shops, restaurants attached to it. This will be a car-free zone. Think about the Distillery District feel and how much people love spending time there. On a smaller scale, that is exactly what they are aiming to have in the heart of Regent Park. Very exciting!

If you are interested in investing or living in the new Regent Park, please contact me.

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Coming Soon: King + Condos

First advertised as BAUHAUS condos, King + (King Plus) Condos are now almost ready for launch at King and Sherbourne. Bauhaus Condos ran into some problems with the city of Toronto and could never get the approvals necessary to launch as originally planned. Now they are back and rebranded as King+ and will hit the market soon with just under 200 suites. For your opportunity to buy at an upcoming VIP Sales event, please contact me.

The building design looks to be very square and quite tall on a relatively small lot. All this usually makes for great floor plans, but we’ll have to wait until they are released to know for sure.  They are incorporating the historic National Hotel building into the lower levels of the building and presumably this will mean some loft units on the lower floors which could be very cool and similar to what FIVE condos is doing on Yonge street. Or it could simply be the facade they are keeping and the ‘guts’ behind will be fully new construction.

Little is known about the developer at this stage, other than they are called Ram’s Head, and they are the owners of the National Hotel building currently sitting on the site. More details on them as I do my background research.

This ain’t your mother’s King and Sherbourne. This intersection has literally transformed from one of the sketchiest and least desirable places to live in Toronto to one of the best places to live in just a few short years. Most of this is attributable to the construction of two of Toronto’s best condos: King’s Court (NE corner of King and Sherbourne), and MoZo Lofts (NW corner of King and Sherbourne). When King+ condos are complete, 3 out of 4 corners will be condoized and thousands of above average income condo owners will continue to attract more and more high-end retailers, boutiques, restaurants, cafes, and yes, more condos!

For floor plans and pricing for King+ Condos, please contact me.

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King + Condos

From the Developer:

King + will rise 17 storeys and offer 132 one and two bedroom loft-style suites plus penthouse suites. Residents will step through a portico entry, pass beneath an historic Ram’s Head set in the original façade and enter a chic, intimate lobby with concierge.

There will be 4,000 square feet of retail space on the ground level, along with a private state-of-the-art fitness centre, guest suite and room for entertaining. Other amenities include Manhattan style parking via elevator to your parking level from where you can then enter the building.

King Plus will offer suites ranging in size from 450 to 1,450 square feet.

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Coming Soon: Paintbox Condos

February 22 update: Sample Floor Plans Now Available. Contact me for more information.

Coming soon to Regent Park from Daniels: Paintbox Condos. Contact me today to register for this exciting new development.

After selling out One Cole in May 2009, then following that up with a near sell out of One Park West in September 2010, Daniels has already begun work on their next condo tower in the Regent Park neighbourhood. Paintbox will be larger and have more units than One Park West and will be the first development on the south side of Dundas Street. Presumably the name is derived from the fact that it will sit atop the brand new Regent Park Arts and Cultural Centre. The Centre is yet another example of the millions of dollars (much of it is government money) that is being poured into this neighbourhood over the next decade or so (the others being the aquatic centre and the park).

For those of you who are still doubting the potential of this neighbourhood from an investment perspective, seriously, you need to give your head a shake! Those who bought in the early days of One Cole have already seen as much as a 20% appreciation on their initial purchase price! 2 recent examples:

• 2 bed/2 bath unit that could have been bought for ~$348K (including parking) in May 2009 was sold in November 2010 for $420K.
• 1+den unit that could have been bought for ~$253K (including parking) in May 2009 sold for $305K in September 2010.

One Park West sold out of virtually every suite (except a couple larger units) before it even made it to the general public sales event! All indications are buyers in One Park West will also see excellent ROI.

I have helped several clients buy units in both One Cole and One Park West and they were all very happy with their purchases.  Once again my membership in the Daniels’ “Platinum Producers Club” will grant my clients priority access to this project ahead of all the others. Register with me now for priority access and as always my services are FREE to you as a buyer.

Special note to all my clients: if you choose to register with Daniels and/or join their Inner Circle program via their website, in person, or on the phone, be 100% sure to indicate that you are working with me as your buyer’s agent! Some of my would-be clients were left out in the cold (could not get a unit) when One Park West launched simply because they failed to inform Daniels that they were working with me as their buyer’s agent. For more details, contact me and stay tuned to TrueCondos.com for updates on Paintbox Condominiums over the next few months.

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Paintbox Condos

Platinum VIP sales are on NOW for this project. Contact me for floor plans and pricing.

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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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Coming Soon: Kew Beach Living

Coming soon to the Beach neighbourhood of Toronto: Kew Beach Living. Register with me now for your chance to buy in this project before the public launch. Floor plans now available.

This project could be very important to the future of condo development in this city. It is clearly aimed at capitalizing on the recent trend of smaller, boutique style buildings in established neighbourhoods. What sets this one apart though is that it is going to be located in one of the priciest pockets of one of the most desirable neighbourhoods in the city AND there will be a large proportion of smaller, 1 bedroom units. Typically a project like this would be aimed at end-user, empty nester / down-sizer type buyers who mostly already live in the area and want to stay but with the enjoyment of the condo life style. As such you would not see many units under about 800 square feet, and you probably wouldn’t hear about it because it would mostly be advertised in its own local area. This one you will probably see promoted and plastered all over the internet by downtown agents like myself with  first time buyer and investor clients will be wanting to grab suites here that are under 700 sq ft (by my rough count, almost half the suites in the building will be less than 700 sq ft).

The average selling price of a freehold home on Kippendavie and the surrounding streets in the past year is about $700K. Not so different from any number of streets in any number of great neighbourhoods in Toronto. Now first time buyers and investors will be able to own a great property for less than half the existing average prices.

If this project is a success (and I can’t see any reason why it would not be from a sales perspective), I think we will see more projects like it in the next couple years – small infill type buildings with a large percentage of units under 700 sq ft. Think: the hole in the ground at Woodbine and Danforth. The one caveat I would put on this project is it has already faced plenty of opposition from Beach residents who say their streets are no place for this type of development. The city has yet to officially approve the re-zoning for the building, grant permits etc. and it has the potential to go to the Ontario Municipal Board if opposition to it continues. Potential buyers must be aware of this risk when plunking down their deposits.

More details coming later this month. Contact me to get it first.

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Kew Beach Living

Description Coming Soon!

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