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Toronto’s First Car-Free Condo

To my amazement, Tribute Communities has been given the go ahead to build a 42-storey condo tower on University Avenue, just south of Dundas with no parking spots. The City of Toronto’s decision to allow this represents a major shift in philosophy for City Hall with respect to how this city is being planned and what types of developments are encouraged and discouraged.

On the surface, it would seem to make sense that the city would want to encourage the development of condos without parking spots. After all, we are trying to be a ‘green city’, and a dense city, so encouraging a car-free lifestyle in the heart of downtown sounds logical. But the fact is many of the decision makers are City Hall are still stuck in the 1970s version of Toronto where the car is king, and anyone who rides a bicycle is not to be trusted.

This decision will certainly open up the floodgates for further projects without parking spots all over the city. Afterall, from a developer’s perspective, building a 3 or 4 level parking garage is hugely expensive and time consuming. Building a condo without parking should allow developers to offer more competitive prices and faster completion times – two things that every condo buyer wants.

One concern in building a condo tower like this is that all the units will be 1 bedroom, or 1+dens and the residents will be a homogeneous mix of students, singles, and couples. City Hall wants to encourage more 2 and 3 bedroom condo units in the downtown core, so it will be interesting to see how many larger units out of the whole project Tribute Communities allocates for 2+dens and 3 bedrooms.

If you are interested in this project, please contact me.

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300 Front by Tridel

300 Front St West coming soon by Tridel. For floor plans and pricing for the VIP sales event, please contact me.

Whenever Tridel launches a new project there is always great fanfare and 300 Front will be no exception. Why? Simply put, Tridel is the best developer in the city and possibly the country when it comes to condominiums. They have consistently put out a quality product at competitive prices and delivered it on time. The buzz has been building for 300 Front for a couple months now and VIP sales starting very soon . As always, my promise to my clients is that I will do everything I can to get you the unit(s) you want at the lowest price possible.

The condo tower that will be known as 300 Front St West will feature a 49 storey building with 672 suites. Occupancy date is roughly scheduled for Spring 2012.  Condos and lofts will start from 445 sq ft is size and go up to 2000 square feet (Signature suites). I have the price sheet in my possession and pricing is coming in around the $550-600 per square foot range.

Click here for 300 Front Street location
Click here for 300 Front Street site plan and amenities
Click here for 300 Front Street features (Gorgeous full colour renderings of 300 Front)

Click here for 300 Front Street floor plans

300 Front Street deposit structure:
- 5% upon signing
- 5% 90 days from signing
- 5% 180 days from signing
- 10% at occupancy

- Maintenance Fees at 300 Front St W is approx. $0.35 per square foot, plus hydro.  (parking and lockers will incur an additional maintenance fee)
- Parking at 300 Front St W is available at  $35,000
Parking available for only 1 bedroom + den and up

Contact me for Pricing for 300 Front.

I will get back to you immediately with the price sheet.

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