TrueCondos.com – The Best Source for Toronto Condos

Coming Soon: Bisha Hotel and Residences

King and Spadina is absolutely exploding. Not 10 years ago any self-respecting Torontonian would carefully avoid this once sketchy area.  Now this ultra hip zip code made famous by “M5V” is setting records for prices per square foot with buildings like The Hudson (438 King St) and Glas (25 Oxley) making resale buyers salivate.

Enter Bisha Hotel and Residences by Lifetime Developments (Liberty Market Lofts, X2, Victory Condos) and INK Entertainment. The combination hotel and condo will be situated at 56 Blue Jays way on the former site of the Diesel Playhouse and what was once Leoni’s restaurant for those who were around long enough to remember Leoni’s.

Charles Khabouth is the man behind INK Entertainment and is Toronto’s night club king, owning and running several venues including Guvernment and Ultra Supper Club. His vision for night life, combined with the design of Munge Leung (ICE, Murano, Ritz Carlton, FLY, etc.) and the condo building savvy of Lifetime has me very excited about the possibilities of this project.

It’s hard to describe what Bisha will be like, because there has never been anything quite like it in Toronto, but the concept for the Hotel/Residences was launched at Interior Design Show last month. The style is modern yet classic, elegance without being fussy.  Another first for the city of Toronto: Bisha will incorporate 1 floor of affordable housing in the building which will be rented out to the the hotel employees. I expect this to be a trend-setting move that will be seen more often as the city seeks to incorporate more affordable housing units and developers seek to build more units on every tract of land they own.

Sales will be launching late spring/early summer, however, once again my clients will have priority access to this project because of my excellent track record and relationship with Lifetime Developments. If you are interested in Bisha, please contact me.

Continue reading...

Bisha

Description Coming Soon!

Continue reading...

X2 Condos VIP Sales

X2 Condos at Jarvis and Bloor by Great Gulf Homes and Lifetime Developments is my pick for one of the best investment condos downtown this year. Contact me now to reserve your unit for this month’s upcoming VIP sales event.

X2 is the second phase of X The Condominium, and will be located on the south side of Charles Street, one block south of Jarvis and Bloor.  Prices are starting at just $466 per square foot, with the average price for the building being approximately $510 per square foot.

Investors – this is it! Avoid the hype and line-ups that will surround Number One Bloor ($800 PSF and just 3 blocks away!) U Condos tower 2 is priced at $600-$700 PSF (4 blocks away)! Buy value and buy quality in the Bloor-Yorkville neighbourhood with X2.

Click here to download a full brochure with floor plans: x2_brochure. Or download the floor plans only here: x2_floorplans

(more…)

Continue reading...

5% Deposit Available at Liberty Market Lofts, Victory Condos, & M5V

This week I’m excited to announce an excellent investment/purchasing opportunity available exclusively for my clients at Liberty Market Lofts, Victory Condos, and M5V.

For a limited time, my clients have the ability to purchase select suites at these three highly successful downtown developments with only 5% total deposit. Normally the deposit structure would be 15% + 5% at occupancy.

The suites that qualify at Victory and Liberty Market Lofts are all the remaining 2 bedroom units. At M5V, the suites that qualify are all remaining units priced over $600K.

This offer is not available to the general public, and this offer is not available to general agents and brokers. This is a one-time perk that my clients can enjoy with these developments because I am a member of the “Platinum Agent” club for Lifetime Developments, BLVD Developments and TAS DesignBuild.

Please contact me asap if you are interested in purchasing a unit at one of these projects. This is a very limited and exclusive offer-don’t delay!

Continue reading...

Liberty Market Lofts to Drop Prices, Release New Suites

July 4th update: Over 120 units sold in the first 3 days of the relaunch. Project is now over 80% sold. Prices on all suites have gone up $15,000 on all units. Parking is now $25,000 (up from $19,900), Assignment fee is now $5000 (up from $17).

Contact me now if you are interested in buying a unit at Liberty Market Lofts.

**************************************************

OK, did all the developers in the city hire the same marketing company or is common sense finally making a come back in the Toronto new condo market?

Liberty Market Lofts by BLVD and Lifetime Developments is the latest developer to announce that they are:

• Lowering prices
• Reworking the building plans to introduce new floor plans
• Having a one-time sales event to launch the new prices and plans
• On top of these 3 items, they are offering 5% deposit (certain conditions will likely apply)

LML launched back in April 2008 and like many projects that launched in ‘08, they have yet to reach their sales targets to begin construction. Given the current pace of sales these developers realize they have to do something drastic (or at least seemingly drastic) to boost sales and meet their lenders requirements to get these buildings built!

Details are limited at this point, but the sales event is set for June 27-28. No word yet on whether there will be a broker’s event prior to that. BROKER’S SALES EVENT SET FOR THURSDAY JUNE 25. Contact me if you would like to attend.

I always liked this project with it’s 2-storey loft units and boutique size located in the heart of Liberty Village. I hope they get the sales they need to get this thing to break ground.

For floor plans check the developer’s official site.

Questions? Contact me.

Continue reading...