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The Modern Set to Break Ground

The Modern on Richmond is set to break ground on construction this month. June 24th will be the official ground-breaking ceremony. This is great news. The Modern started selling right at the peak of the insanity surrounding the pre-construction condo market in Toronto and it was actually the same month as 1 Bloor East – November 2007. So it has been a long 19 months for purchasers who have been patiently waiting and wondering when this project would get off the ground (or under it!).

Originally The Modern was scheduled to occupy in March of 2010. With construction set to begin shortly, that date will likely be pushed back significantly. That may be shocking to some, but in actual fact it is far better than the current state of several other projects downtown which were also launched in Q4 2007  – Q1 2008 and have yet to break ground.

The Modern is about 80% sold out but there are some good units still available with pricing in and around the low to mid $400s per square foot. In my opinion, the Modern has some of the best floor plans in the city and the standard features are quite good. Several of my own clients have purchased in this project. For more info on The Modern, please contact me.

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The Modern on Richmond: 5% Deposit Now Available

If you are looking for a condo on the east side of downtown, The Modern on Richmond is offering a great promotion right now – 5% deposit & $10,000 price discount. Before I provide the details, please read this caveat on 5% deposit programs and contact me if you would like more information. (more…)

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The Modern on Richmond: VIP Sales Event

The Modern on Richmond just might be one of the best kept secrets of 2007. Prices rumored to be starting at around $157,000 makes this a potentially fantastic value-investment. Coming soon is an exclusive VIP Sales Event and this is your chance to register for the event to ensure you get in first.

The entire area surrounding King and Sherbourne has been utterly transformed over the past 5 years. Where once people thought you were crazy to live in the area, it is now officially one of the hottest pockets in the City. King East is the new King West and investors and first time buyers alike are going to be rushing at the opportunity to get at this incredible building right in the heart of it all.

Whether you are a seasoned real estate investor or you are thinking about purchasing your first condo in Toronto, please contact me and ensure your spot at the front of the line for The Modern on Richmond.

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