Television City Condos
Television City Condos is a new condo development by Lamb Development Corp. and Movengo Corporation currently in preconstruction at 163 Jackson Street West, Hamilton.
Where is Television City Condos?
Television City Condos is a new condo development that is going to be located at 163 Jackson Street West in Hamilton,ON.
What’s great about Television City Condos?
Television City is a $360-million-dollar project that will house approximately 618 units in total once complete. Occupying 44,000 sq. ft. of land, the development will consist of two separate high-rise towers connected by a skywalk. Located at 163 Jackson St. West, the proposed development calls for a 40-storey and 30-storey tower. The buildings will feature approximately 485,424 square feet of usable space, with 474,080 sq. ft. dedicated to residential units and 11,344 sq. ft. of retail space. The historic mansion currently on-site is a heritage building built in 1850 that will be repurposed and preserved as part of Television City.
What amenities does Television City Condos have?
Owners and residents will be able to enjoy hotel-like amenities featuring an outdoor infinity pool, fitness center and skyclub. Additionally, a co-op tech centre will allow professionals and creatives to use a workspace environment that fosters collaboration and fulfills their work-at-home digital needs. A children’s play centre, private dog walk and pet-washing station will appeal to growing families.
Listen this podcast interview with the developer, Brad Lamb:
Television City Condos Video
Television City Condos Details
|Developer||Lamb Development Corp. and Movengo Corporation|
|Address||163 Jackson Street West, Hamilton, ON|
|Number of Storeys||40|
|Number of Units||618|
|Occupancy Date||July 2022|
|Maintenance Fees||$0.50 Per SqFt per Month|
|Priced From||$232,900 to over $1,490,900|
Why should I invest in Television City Condos?
1) HALF THE PRICE OF TORONTO
Investing in the Toronto condo market is amazing but the problem for many is that the prices are now out of reach.
Prices at Television City are starting from $572 per square foot which is about 40-50% less than what Lamb’s buildings are currently selling for in downtown Toronto.
At the same time, rents are less than Toronto but not that much less. Around 20-30%.
The end result for investors is the potential for better cash flow on a condo in Hamilton vs. Toronto.
2) HAMILTON IS BOOMING
Hamilton is booming with an incredible arts, culture, and restaurant scene.
As a result, artists, chefs, and entrepreneurs from Toronto are flocking to Hamilton which is a pattern we see over and over again in real estate investment that signals an area is about to see major growth.
Some other points to consider about Hamilton:
–>>It’s only about 45 minutes away from downtown Toronto.
–>>Condos in Richmond Hill, Vaughan, Durham region, Burlington (areas that are a similar distance away from downtown Toronto) have already hit $700 or more. Pricing at Television City is around $575psf!
–>>There is a new GO station in Hamilton which will take you to Union Station in about 1 hour and the GO trains are in process of being electrified which will make them more quicker, cleaner, and quieter.
3) THE LAMB ADVANTAGE
Brad Lamb buildings in Toronto are finished to the highest standards in the industry and Television City is no exception.
Gas cook tops, 9′ exposed concrete ceilings, huge floor-to-ceiling windows, 6′ deep balconies all with gas lines, double thick stone countertops, engineered wood floors – these are features included in every suite.
As a result Lamb buildings in Toronto command a huge premium both for sale and for rent.
Lamb is also known for rewarding early investors in his projects by pricing units very low at the start of sales before they officially launch the project.
What are the features and finishes for Television City Condos?
European styled modern kitchen cabinetry
9’ ceilings or higher
Exotic pre-finished hardwood floors throughout
Loft style exposed concrete features
Double thick stone kitchen and vanity counters
Minimum 6’ deep balconies ideal for maximum outdoor enjoyment
High designed hallways, elevator lobbies, and entrance lobby
Exceptionally designed bespoke facilities
Gas BBQ nozzles on all balconies
Spa quality bathroom finishes
Natural gas cooktop and built-in oven
Spectacular modern architecture
READ OUR INSIGHTS
LISTEN TO OUR PODCAST
- The Best Thing That Has Happened for Condo Investors During the COVID-19 Pandemic
- COVID-19: Is the Toronto Condo Market Crashing?
- COVID-19: 5 Reasons to be Optimistic about the Toronto Real Estate Market
- How Condo Investors Can Keep a Successful Mindset During Scary Times
- Understanding the Condo Investment Opportunity in Calgary
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