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Coming Soon: The Carlaw

Coming soon from Streetcar Developments: The Carlaw. REGISTER NOW for access to VIP pricing and floor plans.

If you are looking for an investment condo in an emerging neighbourhood with plenty of upside, there is reason to get excited about this project from Streetcar Developments. Streetcar has built several smaller-boutique style buildings over the last decade in Toronto, mostly around Queen Street. Their buildings do very well in resale and those who have bought into their projects in the early stages have consistently done very well on their investment.

Details are scarce so far, but what we know is this:

• 321 units
• 12 storeys
• Retail component
• Commercial component
• “Green P” parking + regular parking spots available for residents
• Pricing at or below $500 per square foot + MANY small units = great price points. 1 bedrooms in the mid $200s and 1+dens in the high $200s

Leslieville is a booming neighbourhood and Dundas and Carlaw is the epicentre of the condo district of Leslieville. Worklofts and Flat Iron Lofts are both nearly sold out with construction well underway for both of them right across the street from where The Carlaw will be. Pricing for Worklofts and Flat Iron Lofts are around $500 per square foot, but there are mostly larger units left, meaning price.

Being a mixed-use building means that it will bring even more ‘people traffic’ to the area, all part of helping this once derelict part of town become a viable area to live, work, and play in which makes it a perfect area for investment.

Please contact me for all the details and your chance to buy at the upcoming VIP sales event.

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The Carlaw

This condo is launching in October 2011. Get on the VIP list today by contacting me.

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Showcase Lofts: Great Value in Leslieville

The latest addition to the Leslieville Loft District that is Carlaw Avenue between Queen and Dundas is Showcase Lofts. VIP sales are happening now, contact me for your opportunity to purchase a suite today.

Leslieville has arrived. It’s not up and coming anymore. The people who would tell you that Leslieville is up and coming will probably also try to tell you that Twitter is the next big thing. They missed the boat. Leslieville was up and coming in 2007. We are now midway through 2011 and I can tell you it has arrived.

Buying a house in Leslieville is now out of reach for many, but buying a condo or loft is still very much doable. Showcase Lofts enters the scene with one MAJOR thing going for it: value. While the architecture Junior 1 bedrooms are starting from about $225K and 1 bedrooms including parking can be bought in the low $300s or roughly $530 per square foot. The largest 2 bedrooms are coming in at around $500 PSF including parking. This puts prices right in line with what units are selling in resale across the street at the recently completed building Printing Factory Lofts.

Some neat things about this project:

1. Each suite will have a ‘feature wall’ which will be made of reclaimed Toronto brick. Nothing like this has been done in a Toronto development before, should be interesting to see how the market responds to this.
2. Penthouse units will feature skylights.
3. All suites (except the junior 1 bedrooms) come with 1 parking spot included in the price. Somewhat of a bold move for the developer, but obviously fitting with the target market of end-user buyers looking for great value in this hot ‘hood.

The suites themselves will have some nice features like 9′ exposed concrete ceilings, GE Cafe stainless steel appliances (including gas cooking and built in microwave), all suites will have balconies or patios, quartz counters, engineered hardwood in living and kitchen areas, track lighting in common areas and pot lights in ares like the kitchens and bathrooms.

The building will have what sounds like a substantial exercise room and cardio area along with a theatre and party room. The developer is Aragon Properties which has no experience in Toronto with condos, but they do have plenty in British Columbia.

The architecture of the building itself will leave something to be desired to many buyers, but for those looking for excellent value in Leslieville, I definitely recommend taking a look at this project.

For more details and your opportunity to purchase a unit in this project, please contact me.

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Showcase Lofts

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Coming Soon: Riverside Towns

From the ashes of Leslieville Lofts rises Riverside Towns. Leslieville Lofts ran into a lot of opposition in the Queen and Broadview (Riverside) community as well as zoning issues and ultimately was canceled.  Riverside Towns is now set for launch on the same site with VIP sales starting this Monday, November 1. For details and your opportunity to buy in this development before the public release, please contact me.

From the outside, this new project looks like your standard stacked-townhouse design that can be seen all over the city, a more traditional brick-based architecture that will likely fit into the existing area just fine. But the insides of the units are sounding very modern and edgy, with features that Brad Lamb’s projects are known for: gas cooking, euro-kitchens, stone counters, 9′ ceilings (never seen this before in stacked towns), and a generally clean-lined aesthetic.

I’ve said before that Riverside is a neighbourhood to watch over the next few years. I really think this area around Queen and Broadview as all the ingredients to be the next King West. Details are very limited on this project right now but likely units will sell quickly at Monday’s sales event regardless.

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Riverside Towns

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Coming Soon: Kew Beach Living

Coming soon to the Beach neighbourhood of Toronto: Kew Beach Living. Register with me now for your chance to buy in this project before the public launch. Floor plans now available.

This project could be very important to the future of condo development in this city. It is clearly aimed at capitalizing on the recent trend of smaller, boutique style buildings in established neighbourhoods. What sets this one apart though is that it is going to be located in one of the priciest pockets of one of the most desirable neighbourhoods in the city AND there will be a large proportion of smaller, 1 bedroom units. Typically a project like this would be aimed at end-user, empty nester / down-sizer type buyers who mostly already live in the area and want to stay but with the enjoyment of the condo life style. As such you would not see many units under about 800 square feet, and you probably wouldn’t hear about it because it would mostly be advertised in its own local area. This one you will probably see promoted and plastered all over the internet by downtown agents like myself with  first time buyer and investor clients will be wanting to grab suites here that are under 700 sq ft (by my rough count, almost half the suites in the building will be less than 700 sq ft).

The average selling price of a freehold home on Kippendavie and the surrounding streets in the past year is about $700K. Not so different from any number of streets in any number of great neighbourhoods in Toronto. Now first time buyers and investors will be able to own a great property for less than half the existing average prices.

If this project is a success (and I can’t see any reason why it would not be from a sales perspective), I think we will see more projects like it in the next couple years – small infill type buildings with a large percentage of units under 700 sq ft. Think: the hole in the ground at Woodbine and Danforth. The one caveat I would put on this project is it has already faced plenty of opposition from Beach residents who say their streets are no place for this type of development. The city has yet to officially approve the re-zoning for the building, grant permits etc. and it has the potential to go to the Ontario Municipal Board if opposition to it continues. Potential buyers must be aware of this risk when plunking down their deposits.

More details coming later this month. Contact me to get it first.

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Kew Beach Living

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Coming Soon: Sync Lofts

Feb 9 Update: Floor plans and Pricing Available now for the VIP sales event. Contact me for more information.

Another boutique condo/loft building by Streetcar Developments is coming to Queen Street East: Sync Lofts. Contact me for info on the upcoming VIP sales event. The Riverside neighbourhood (Queen and Broadview) will be one to watch over the next 5 years. This small pocket has the real potential to become the next King and Bathurst – one of the hottest areas downtown right now. It has all the ingredients of a neighbourhood that is about to ‘pop’: furniture shops, restaurants, coffee houses, historical buildings, excellent transit, and plenty of hipsters. Riverside is good, but not great right now – there is still time to ‘get in’ before this area is fully gentrified.

The building will be 8 storeys and house 97 units. Unique selling features will include built-in iPod docking station with pre-wired speakers, and built-in wifi connectivity – hence the name ‘Sync’.

Units at Streetcar’s recently completed EDGE Lofts across the street from where Sync will be are currently selling in the resale market for approximately $500 Per Square Foot.

There will be a VIP sales opportunity for this project – contact me for more info.

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SYNC Lofts

Description Coming Soon!

Feb 9 Update: Floor plans and Pricing Available now for the VIP sales event. Contact me for more information.

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