TrueCondos.com – The Best Source for Toronto Condos

Condo Project Updates: Kormann House and The King East

Brad Lamb has several projects that were launched last year that have yet to hit the construction stage. As such, there are still a good selection of units available at all these boutique condominium projects aimed at the design-conscious buyer. In this two part series I will provide an update four of these projects. First up, Kormann House and The King East. 

Kormann House

Kormann House will be located at Queen and Sherbourne in the burgeoning east side. The project is a mix of hard and soft lofts, with the building incorporating a historical building that is currently sitting empty at Queen and Sherbourne

Sales have been going on at Kormann for about 8 months and they are about 50% sold.

For floor plans, visit the official site. Some examples of available units and their price points:

• “Church” 467 sq ft – 10th floor – $215,900
• “Poulette” 549 sq ft – 10th floor – $251,900
• “Dundas” 628 sq ft – 3rd floor – $254,900
• Price per square foot for most units is in the $400-$450 range

The King East

The King East is another east side project at King and Parliament. Boasting some of the best standard finishes in the city and most units coming with oversized terraces, this project has a certain appeal to the style-setting crowd.

Sales have been happening at The King East for about 12 months now and it is about 50% sold.

For floor plans, visit the official site. An example of the asking prices at The King East:

• 13th floor, 624 sq ft, $294,900 or a similar unit with a 431 sq ft terrace for $314,900
• Price per square foot for most units is in the $450-500 range

Check out the blog tomorrow as I will publish a similar post on the status of Parc Lofts and Flat Iron Lofts / Work Lofts. If you have any questions about these developments, please contact me.

Continue reading...

The Kormann House Condos at Queen and Sherbourne: VIP Sales Event

The Kormann House. Coming soon to Queen and Sherbourne. Contact me now for your chance to buy before the public. Get the best price and the best selection.

The Kormann House is a Brad Lamb sponsored project by KC Developments. The condo will feature 10 storeys of glass and steel placed on a podium of the original Kormann House hotel dating back over 100 years. The project is just steps away from the highly successful project: The Modern.

Queen and Sherbourne has long been considered an undesireable corner of the downtown. But in the past 5 years, the gentrification of the “Lower East Side” (as I like to call it), has dramatically changed the long term prospects of this intersection. Condos and high-end furniture stores now dot every inch of King St East from Jarvis to Parliament. And for the first time, there does seem to be real potential that Queen Street East could become the new Queen Street West. For a very interesting discussion on the project and the area, check out the UrbanToronto forum.

Prices from $189,000 to the mid $400s make this a project primarily aimed at first time buyers and value-investors. Contact me now if you are interested in this project.

Continue reading...