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.

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.

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.

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.

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.

Floor Plans and Price list now available. Booking units now. Contact me for details.

Streetcar Developments is on a serious roll of late. The ‘little developer that could’ has recently launched two highly successful projects – 2 Gladstone and SYNC Lofts, which are in addition to their existing repertoire of projects including Corktown phase 1 (under construction, nearly complete), Corktown Phase 2 (construction starting), Vinegar Lofts (19 River, complete and registered), EDGE lofts (625 Queen, complete and registered), and a couple other projects on Queen East in Leslieville/The Beach. They have a formula for low-rise condo/loft marketing and construction and it seems to be working.

Their latest project is Trinity Lofts which will follow in the vein of their other projects like SYNC or Corktown and be a soft-loft, modern concept, boutique building with minimal amenities. SYNC proved to be a fantastic investment in my opinion with many units selling in the mid $400s per square foot. If Trinity Lofts comes out with similar pricing, it will be a slam dunk investment as this area has great upside potential. Units at 33 Mill street in the Distillery are currently selling in the mid $500s per square foot (for units with parking).

The site for Trinity Lofts will be just north of the Distillery District at 2 Eastern Avenue. This makes it central to the best of the east side including the Distillery District, Corktown, Riverside, the West Don Lands (currently being developed) and of course King East and the St Lawrence Market area.

SYNC was more than twice the size of this project and all the one bedrooms there sold out in first week. They only have a few 2 bedrooms left. It will be the exact same story with Trinity Lofts, except there will be even more competition for the smaller units as the supply is so limited. The public release of Trinity Lofts is set for May 8th, but if you would like to buy at the upcoming VIP sales event in advance of the public release, please contact me ASAP as this one will sell quickly.

TRINITY LOFTS – Streetcar’s newest loft building coming to the junction of The Distillery, Downtown East and West Don Lands neighbourhoods, will launch for sale to the public in the coming weeks but TrueCondos.com has your VIP access well in advance of the public offering.

Located at 2 Eastern Avenue, nestled between the historic Enough Turner Schoolhouse and 51 Division Police Station, TRINITY is located just steps from many hot cafes, restaurants and shopping venues: a short walk to the Distillery District, St. Lawrence Market and Corktown District, not to mention the highly-respected George Brown College offering a diversified array of programs. Located just a short walk away, is the TTC streetcar as well as quick access to both the Don Valley Parkway and the Gardiner Expressway.

In the lofts, TRINITY will offer the unique high-end designer finishes that past Streetcar followers have come to appreciate: 9′ smooth ceilings, modern kitchens and bathrooms with stone counters throughout, stainless steel appliances and pre-engineered wood flooring.

I just listed this beautiful condo at 230 King St East (aka King’s Court). It is a corner suite, 2 bedroom, 2 bathroom unit with approximately 840 square feet. Asking price is $369,900, which includes parking and locker.

Click here to view a full-screen slideshow of images.

View the listing on Realtor.ca

King’s Court is one of the most desireable buildings in the King St East / St Lawrence Market neighbourhood and this unit boasts one of the best layouts in the building. 

I will be hosting an open house this weekend – Saturday and Sunday (Feb. 7&8), 2-4pm both days. The weather is supposed to be quite good this weekend, so why not come on by and say hi?

Please contact me if you would like more information.

Bauhaus Condos at King and Sherbourne. VIP sales are happening now. Suites starting from the low $200s. Modern architectural tower integrated into historical 19th century building in the heart of the Design District / Furniture District, and steps to the St Lawrence Market.  Contact me for your chance to purchase a suite before the launch to the general public.

For more information on Bauhaus, including floor plans, current availability, and pricing, please contact me.

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

From the developer’s marketing materials:

Building Features

18 storey luxury building with 147 suites rising out of a stunning re-constructed 3 storey Heritage building, Architectural design by award winning Prish Jain of TACT Design Inc, Interior design by award winning Mike Niven Interior Design Inc, Dramatic floor to ceiling double glazed windows, Automated vehicle lift to parking garage, Private rooftop patios for Penthouse suites*, Gas line connection for BBQ optional on select suites***, Fully secured access with Executive Concierge, Parking and storage lockers available* ***, Visitor bicycle parking, All new construction protected under the Tarion Warranty Corporation, Private residents lounge with fully integrated fireplace, Designer decorated hotel-style guest suite, Executive style meeting room

Suite Features

9’ ceilings in principal rooms (8’ ceilings on floors 5,6,8 and 9)*, Smooth finish white painted ceilings and columns, Solid core entry door with chrome hardware and security viewer, Elegant pre-engineered hardwood flooring throughout suite**, Custom designed contemporary style flat slab or glass doors or sliders*, Contemporary profile painted wood baseboards, Choice of designer series paint**, Ceiling light outlet in dining room

Green Building Features

Suites individually metered for energy consumption, LEED® registered building, Multi-sorter recyclable waste system, Low maintenance Green Roof, Master on-off switch conveniently located near entry door in all suites, Motion controlled lights in all stairwells, Low VOC paints, Dual flush toilets, Low flow faucets and showerheads, Energy Star® washer and dryer, Fully integrated whisper quiet dishwasher with delay start green feature, Environmentally friendly flooring (carpet, hardwood, tile), High efficiency, low emission thermal double glazed windows, Auto share program located in the building, Visitor bicycle parking, Individual bicycle parking, Timer and photo cell on all exterior lighting, Compact florescent light bulbs in all suites and common areas, High efficiency hot water gas boiler system, Environmentally friendly high quality clay brick for exterior, Parking exhaust controlled by CO and NO monitors, Exceeds City of Toronto GREEN building standards, In suite heat pump units allowing for independent control of heating and/or cooling year-round.

Deposit Structure: 

• $2000 with offer, Balance of 5% in 30 days, 5% in 90 days, 5% in 180 days, 5% at occupancy

Parking:  $30,000 (select suites only) 

Lockers:  $3,500

Occupancy: December 2011

Maintenance Fees: $0.49 per square foot + Hydro

Taxes: Estimated at 1% of the purchase price

Coming Soon to King and Parliament from the Sher Corporation, Lamb Developments and Hyde Park Homes: The King East Designer Condominium. Register with me now for your chance to buy before the public at an exclusive VIP sales event.

The King East will be a 14 storey tower located at King and Parliament in the heart of the design district that dominates King St. East. Just steps away from great neighbourhoods like the St. Lawrence Market, Corktown, and the ultra-hip Distillery District, The King East will offer suites from the $200′s to $1.7 million.

Designed by the award winning Core Architects, The King East is partly intended to be something of an homage to the greatest designers of the modern era of design.

For more information or to register for the upcoming VIP sales event, please contact me.