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Coming Soon: Karma Condos

Coming Soon from Lifetime Developments and Centrecourt Developments: KARMA CONDOS. Register with me now to receive floor plans and pricing for the VIP sales event.

Karma Condos will be a sleek new tower located at 21 Grenville Street (Yonge and College) and designed by none other than architectsAlliance. The building is going to be HUGE. With around 10 units per floor and either 46 or 52 storeys (depending on what gets approved), this one will be a monster condo tower in the heart of downtown.

This building is very investor friendly. The suite mix is mostly smaller suites and this area is the perfect storm for rental properties. Yonge and College is arguably the best spot in the entire downtown core to own a condo if you are an investor. Why?

• You are steps away from the Yonge subway and streetcar
• Equidistant from the two major Universities downtown: UofT and Ryerson, meaning you have a massive pool of potential student renters every year
• Walking distance to the financial district as well as the hospital district, meaning you have a massive pool of potential young professional renters every year
• Most importantly, area buildings like College Park (Bay and College) and The Met (Carlton and Yonge) command some of the highest rental rates of any building downtown. Bidding wars for rentals in this area is quite common! Here is a sample of what some units have rented for recently at College Park for example: Studio-$1380/month, 1 bed-$1900/month, 1+den-2250/month and 2 bedrooms-$2800/month

Besides all this, the two developers who are partnering on the project are both top-notch. Lifetime has launched several projects downtown in the past year including: The Bond, Bisha, The Yorkville, and Centrecourt is a new company headed up by Andrew Hoffman (formerly of Menkes) and have enjoyed tremendous success with Peter Street condos.

If you are interested in buying a suite at this fantastic investment building, please contact me to register for the VIP sales event coming this month!

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Karma Condos

This condo is launching in October 2011. Contact me to register for the VIP Sales Event!

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ICE 2 Launching This Month

The second tower of ICE Condominiums by Lanterra Developments and Cadillac Fairview is about to be launched. Sales at tower 1 started back in July 2008, and that tower is well over 80% sold out.

The development is part of the York Centre community which is located at York and Bremner. Lanterra and Cadillac Fairview are the developers behind the highly successful Residences of Maple Leaf Square which will be right across the street from ICE. Other Lanterra projects include: WaterParkCity, 22 Wellesley, One Bedford, Murano and Burano, and 18 Yonge street.

Wondering what all the buzz is about for this project? To begin, it is going to be big. Really BIG! The second tower is to be a 65-storey super-tower which would put it in the ultra-exclusive height category that currently only Aura, Trump Tower, Shangri-La, and the Ritz Carlton occupy after the recent death of 1 Bloor.

Also, it is to have a direct underground connection to the PATH system via Maple Leaf Square, the ACC and Union Station. Perks will include being able to leave your coat in your condo as you walk indoors to the 40,000 square foot Longo’s grocery store in the base of Maple Leaf Square, or catch a game or concert at the ACC.

Peter Clewes of architectsAlliance (One of Canada’s resident Starchitects) designed the building and judging by the renderings it will certainly stand out and has real potential to be that landmark building that investors and condo buyers are always looking to be a part of.

It goes without saying that suites will feature stone counters, hardwood floors, stainless steel European appliances, cutting edge design and finishes, and 9′ ceilings. These are not entry level, low-end condos. Prices are going to most likely be in the $600-$650 per square foot range at the launch phase.

Prices and floor plans for the upcoming VIP broker’s sales event should be released soon. If you are interested in buying a suite at ICE 2 prior to the public launch, please contact me.

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