Filter by Categories
All Condos
Ask Andrew
Insights
New Condos by City
Ajax
Aurora
Barrie
Beamsville
Belleville
Bolton
Bowmanville
Bracebridge
Bradford
Brampton
Brantford
Burlington
Caledon
Calgary
Cambridge
Collingwood
Creemore
Dundalk
Georgetown
Halton Hills
Hamilton
Innisfil
Kawartha Lakes
Kingston
Kitchener
London
Markham
Thornhill
Milton
Mississauga
Cooksville
Mineola
Port Credit
Square One
Montreal
Napanee
Newmarket
Niagara Falls
Oakville
Oshawa
Ottawa
Peterborough
Pickering
Richmond Hill
Smithville
St. Catherines
Stayner
The Blue Mountains
Toronto
Amesbury
Baldwin Village
Bayview Village
Beaches
Bedford Park
Birchcliffe-Cliffside
Bloorcourt
Briar Hill
Brockton Village
Cabbagetown
Canary District
Casa Loma
Chinatown
Church & Carlton
Church & Wellesley
Church St. Corridor
Church-Yonge
Clanton Park
Corktown
Corso Italia
Danforth Village
Davenport
Davisville Village
Deer Park
Distillery District
Don Mills
Downsview
Downtown
East Junction
East York
Eglinton East
Eglinton West
Entertainment District
Eringate
Etobicoke
Fallingbrook
Fashion District
Financial District
Flemingdon Park
Forest Hill
Garden District
Greektown
Harbourfront
High Park
Hoggs Hollow
Humewood-Cedarvale
Junction Triangle
Kensington Market
King East
King West
Lansing
Leaside
Leslieville
Liberty Village
Little Italy
Little Portugal
Long Branch
Mimico
Moss Park
Mount Pleasant Village
Newtonbrook
Niagara
North York
Oakridge
Old Town
Ottawa
Parkdale
Regent Park
River District
Rosedale
Rustic
Scarborough
St. Clair West
St. James Town
St. Lawrence
Stockyards
Summerhill
Swansea
Tam O'Shanter-Sullivan
The Annex
The Junction
The Kingsway
The Queensway
Trinity Bellwoods
Victoria Park Village
Wallace Emerson
Waterfront
West Rouge
Weston
Willowdale
Yonge & Bloor
Yonge and College
Yonge and Dundas
Yonge and Eglinton
Yonge and Finch
Yonge and Lawrence
Yonge and Richmond
Yonge and Sheppard
Yonge and St. Clair
York Mills
Yorkdale
Yorkville
Uxbridge
Vaughan
Maple
Thornhill
Woodbridge
Waterloo
Welland
Whitby
Whitechurch-Stouffville
New Condos by Deposit
10% Before Occupancy
15% Before Occupany
20% Before Occupancy
5% Before Occupancy
New Condos by Developer
16th Avenue Development
Ace Development Ltd
Acorn Developments
Addington Developments
Adi Development Group
Allegra Homes
Alterra Developments
Altree Developments
Amacon
Amalfi Homes
Amexon Development
AMICO
Andrin Homes
Angil Development
Aoyuan International
Aragon Properties Ltd
Arkfield Development
Armour Heights Developments
Artlife Developments
Arya Corporation
Ashcroft Homes
Aspen Ridge Homes
Baif
Balder Corporation
Ballymore Homes
Bazis Inc
Benvenuto Group
Biddington Homes
Blackdoor Development Company
Block Developments
Bloomfield Homes
Branthaven Homes
Briarwood Development Group
Brixen Developments
Broccolini
Brookfield Residential
BSäR
Burnac
Cachet Homes
Caivan Communities
Camrost-Felcorp
Canderel Residential
Canlight Realty Corp
Capital Developments
Capital North Communities
Carlyle Communities
Carriage Gate Homes
Carttera Private Equities
Castlebridge Development Group
Castleridge Homes
Castleview Developments
CentreCourt
Centrestone Urban Developments Inc
Centreville Homes
Chestnut Hill Developments
Choice Properties REIT
Choo Communities
Cityscape Development Corporation
Cityzen
Claireville Holdings Limited
Cliffside Homes
Clifton Blake
Coletara Development
Collecdev
Concert Properties
Concord Adex
Condoman Developments Inc
Conservatory Group
Constantine Enterprises Inc.
Consulate Development Group
Context
Core Development Group
Cortel Group
CountryWide Homes
Craft Development
Creek Village Inc.
Cresford Developments
Crown Communities
Crystal Homes
CTN Developments
Curated Properties
Cystal Glen Homes
Daniels
Dash Developments
Davpart
DBS Developments
DC&F Corp
Devron
Dez Capital
Diamante Development
Diamond Kilmer Developments
Diamondcorp
Dicenzo Homes
Distrikt Developments
Doornekamp Construction Ltd
Dormer Homes
Downing Street Group
Dream Unlimited Corp
Dundee Kilmer
DVLP Property Group
Eden Oak
Edenshaw
ELAD Canada
EllisDon Capital
Emblem Developments
Empire Communities
Evans Planning Inc
Evertrust Development
Evertrust Development Group Canada
Fengate
Fernbrook Homes
Fieldgate Urban
Fiera Real Estate
Fifth Avenue Homes
Firmland Development Corporation
First Avenue Properties
First Capital
Flato Developments
Forest Green Homes
Forest Hill Homes
FRAM + Slokker
Freed
G Group Developments
Gairloch
Gary Silverberg
Gemterra Developments Corporation
Genesis Homes
Georgian International
Geranium
Globizen Developments
Gordon Wells Ltd.
Granite Homes
Graywood
Great Gulf
Greatwise Developments
Greenfield Quality Builders
Greenland Group
Greenpark Group
Greenwin
Greybrook Realty
Guglietti Brothers
H&W Developments
Hans Group
Harhay Developments
Harlo Capital
Haven Developments
Hazelview Properties
Heathwood
Hi-Rise (West) Inc.
Homes by DeSantis
Hullmark
Hyde Park Homes
i2 Developments
Icon Homes
iKORE Developments Ltd
IN8 Developments
Investissement SM Immobilier
Ironwood Bay
JCF Capital
JD Development Group
KAD Development Group
Kaitlin Corporation
Kaleido Corporation
Kalovida Canada Inc
Kaneff Corporation
KBIJ Corporation
Kilmer Group
Kingdom Development
KingSett Capital
Knighstone Capital
Knightstone Capital
Kroonenberg Group
Kultura
La Pue International
Lakeview Development Holdings Inc
Lalu Canada
Lamb Developments
Lancaster Homes
Lanterra
Lash Group of Companies
Latch Developments
Laurier Homes
LCH Developments
Les Entreprises QMD
Liberty Development
Liberty Hamlet Inc
Lifestyle Custom Homes
Lifetime Developments
Limen
Lindvest
LJM Developments
Lormel Homes
Madison Group
Malibu Investments
Manorgate Homes
Mansouri Living
Marlin Spring Developments
Marydel Homes
Matrix Development Group
Mattamy Homes
Mayfair Homes
MDM Developments
Medallion Capital Group
Menkes
Metropia
Metroview
Minto
Mizrahi Developments
MOD Developments
Monde Development Group
Mutual Developments
Nahid Corp
Nascent Developments
National Homes
New Horizon Development Group
Newgard Development Group
Nexus
NOCO Development Company
Norstar Group of Companies
North American Development Group
North Drive
North Edge Properties
Northam Realty Advisors
Northrop Development
Nova Ridge Development Partners
NYX Capital
Old Stonehenge
ONE Properties
One Urban
Options Development
Originate Developments
Oxford Properties
Parallax Development Corporation
Patry Inc Developments
Pemberton Group
Phantom
Phelps Homes
Pinnacle International
Platinum Vista
Plaza
Plaza Partners
Podium Developments
Presidential Group
Primont Homes
Profile Developments Inc
ProWinko
Quadcam Development Group
QuadReal
Queensgate Homes
RAJACan Developments Inc.
ReBuilt Construction
Reids Heritage Homes
Republic Developments
Reserve
Residences at Bluffers Park
RioCan
Rise Developments
Riverking Developments
Rivermill Homes
Rogers Real Estate Development
Rosehaven Homes
Rosewater Developments
Rowntree Enterprises
Royalpark Homes
Royalton Homes
Sag Development Corp
Sage Development Corp
Sapphire Construction of Niagara
Saxon Developments
Scholar Properties Ltd
Sequoia Grove Homes
Seven Numbers Development
Sherwood Homes
Shiplake Properties Limited
Sierra Building Group
SilverCreek Communities
Sina Development Inc
Skale Developments
SkyHomes Corporation
Slate
SmartCentres
Solmar Development Group
Solotex Corporation
Spallacci Homes
St. Regis Homes
St. Thomas Developments
Stafford Homes
State Building Group
Sterling Group
Sundance Homes
Sunny Communities
Sunrise Gate Homes
Sutherland Developments
TAS
Tercot Communities
The Brown Group of Companies
The Goldman Group
The Gupta Group
The Hi-Rise Group
The Remington Group
The Rockport Group
The Rose Corporation
The Sher Corporation
Tiffany Park Homes
Times Group Corp
Townwood Homes
Treasure Hill
Tribute Communities
Tricar
Tricon Developments
Tridel
Trinity Development Group
Triumphant Group
Trolleybus Urban Development Inc
Trulife Developments
TVM Group
United Lands
UrbanCapital
Urbane Communities
Valery Homes
VANDYK
VanMar Developments
Venetian Development Group
Vermilion Developments
Vintage Park Homes
Wabash Heights Developments Inc
Westbank Corp
Westbank Corp. and Allied Properties
Westdale
Woodcastle Homes
WP Development Inc
York Trafalgar Homes
Yorkwood Homes
Zancor Homes
New Condos by Occupancy Year
2019
2020
2021
2022
2023
2024
2025
2026
TBA
News
Podcast
True Condos Approved
Uncategorized
Videos
Filter by content type
Taxonomy terms

YC Condos – Should You Invest in this Toronto Condo?

For all you readers…

Well Hi. Welcome to another True Condos video. My name is Andrew la Fleur and I’m a sales representative with RE/MAX Condos Plus and the founder of truecondos.com. What I do is I help people make money in the Toronto condo market. If that’s something you want to do you’ve come to the right place. Today I’m going to be talking about YC Condos, which is a new preconstruction development by Canderel at Yonge & College in downtown Toronto.

Should you invest in YC Condos?

The key question that this video will be answering is this; should you invest in YC Condos? Let’s get right to it. I do recommend also that you watch this video on a computer on full screen mode if possible. To answer the question of should you invest in YC Condos we’re going to be looking at a detailed overview of the project including the location, the developer of the building, the suites, and of course the investment potential.

YC Condos: Location

Let’s talk about location. YC Condos is centrally located in what I like to call the “sweet” spot for condo investors. The sweet spot is an area loosely bordered by Dundas on the South, University to the West, War to the North and Church Street to the East. This area is basically a can’t miss proposition for the condo investor. Demands for rentals as well as resales in this pocket of downtown are always through the roof. The reason for that, it’s pretty simple. There’s about 150,000 people, 150,000 people who either go to work or go to school within this area I call the sweet spot.

From Yonge & College in 15 minutes or less you can walk to two major universities, several major world renowned hospitals, Bay Street in the Financial District. You’ve got Yorkville, the Eaton Centre, Queens Park, Ontario Legislature, City Hall, you name it, and it’s all right there within a 15 minute walk. You’re right on top of the Yonge Street subway line of course, and the College streetcars so you’re very TTC connected. The Toronto Police Headquarters are also right there at Bay and College.

Eventually the Yonge & College area will be connected the underground PATH network, which will connect you to thousands of restaurants, businesses, hotels, jobs and so on. Oh yeah, one more thing, Yonge & College has a near perfect walk score. The website walkscore.com that measures how walk able your neighborhood is, a walk score of 98 at Yonge & College really means there’s no need for a car in this location; which is another reason why people love to live in the sweet spot.

Demand for housing here is so high that condos in this area command some of the highest average prices per square foot for sale and also for rent of anywhere downtown. Let’s talk about Canderel, the developer behind YC Condos.
Canderel is probably best known for building Canada’s tallest residential tower which is AURA, also known as College Park III. At 78 stories it’s almost complete and the building stands out on Toronto’s skyline now almost as much as the CN Tower. By the way, I should mention the penthouse of AURA is still available. It’s around eighteen and a half million. Please give me a call if you’re looking for something 11,000+ square feet.

YC Condos: The Developer

Canderel is no stranger to the Yonge & College corridor. Of course with AURA they’ve also built College Park I and College Park II buildings, which are both extremely popular, buildings located at Bay and College. Finally they are also well known in Toronto for their DNA buildings in King West. I personally bought a unit at DNA 3 back in 2010. Now it’s almost ready for occupancy so later this year I’m going to be starting to collect rental income from that unit, very excited about that. Again, in case you’re wondering it has gone up in value quite significantly since I purchased that unit there in 2010. I’m very happy about that.

YC Condos: The Building

Now let’s talk about the building itself. I really like the design of this tower. It’s different from just about anything else that we’ve seen in Toronto. Having a unique building like that that’s instantly recognizable I think is always good from an investment perspective. We don’t know who the retailers are that are going to be taking up the base of the building at YC Condos. That’s obviously too early, it hasn’t been announces.

Here are a few of the top quality AAA sort of tenants that Canderel has placed in their condo buildings recently. Look at AURA alone, we’ve got 180,000 square feet of retail space in the base of that building. Including they have two banks, they have a Marshalls and a Bed Bath and Beyond store, both of those stores. They also just announced the partnership with Madonna, whose going to be opening up one of her famous Hard Candy Fitness Centers inside of AURA itself.

The residents of AURA actually got a really nice surprise when they recently found out that included in their maintenance fee at no extra charge is a membership to Hard Candy Fitness. It’s actually transferable, that membership, to the next owner of the condo whenever they do sell. I was really surprised. I’ve never heard of a developer doing anything like that in Toronto. That tells you about Canderel and what they’re all about. When it comes to having top quality retailers in the condo building nobody does it better than Canderel in Toronto.
Now let’s look at the suites themselves. These are really, they’re the most efficient floor plans really that I’ve seen in a long time. Every tower unit has a bedroom with a window, so no more buried bedrooms that you see in a lot of buildings. Every unit except studios is equipped with an island that doubles as a dining table for two. Very few developers you’re seeing offering this as a standard feature. All units will have 9 foot smoothed finished ceilings, so none of this 8 foot or 8 ½ foot popcorn type ceilings; so very high quality that they’re putting out into this building.

YC Condos: The Suites

All the units have custom designed kitchens by [Birdie Felic 00:07:11] design that also includes a pantry. And the balconies, the balconies are going to be a great feature of the suites. They’re all a minimum of 5 feet deep and some of them are actually 6 foot, 6 deep. It’s basically like having a private terrace off your unit. Actually, even the Juliette balconies, what they’re done is they have double sliding glass doors that are going to open up to almost 5 feet across, which is something that you don’t see in Toronto. Usually a Juliette balcony the window or door just opens up a few inches, so a very nice touch there.

Here are a couple of renderings from inside the suite so you can see very clean, modern lines, a very classy sort of a look to the suites themselves. Here comes the most important part, the investment potential. This is my favorite part. Let’s talk about some numbers.

YC Condos: Investment Potential

This chart shows the average price per square foot of College Park I and College Park II. Two buildings also built by Canderel, so here you see a few things. First of all these buildings are not cheap. They achieve some of the highest price per square foot of any buildings downtown. Secondly, they’ve appreciated in value as you can see very consistently and very well year over year ever since they were built. College Park II is the newer building. It’s always achieved a higher price per square foot. This is true in every condo. Newer is better, new is more expensive and newer appreciates faster.

That’s something that you should always keep in mind especially if you’re a new condo investor. You might not realize that but that is the case. It stands that if that’s where College Park I and College Park II are today, then when AURA completes this year we can expect that prices at AURA will be a little bit higher than College Park II. Right, makes sense. What’s amazing to me about YC Condos is that the average price per square foot in the building is actually way down here at around $680 per square foot, roughly average.

You can buy a condo today 2014, that’s priced at basically 2010 pricing, but it’s not going to be built, it’s not going to be completed until 2018. I mean, for me this is the clearest and the easiest way to show why I strongly feel that YC Condos is going to be a fantastic investment. Here’s another chart that shows some of the resales that have taken place in College Park buildings over the last six months. One unit you can see there actually went for almost $850 per square foot. Again, this is a building that’s six, seven, eight years old at this point.
Also, here’s some numbers for recent resales the Murano and Burano buildings, also on Bay Street near College. Again, many of these units are selling well into the $700 per square foot. Now in every building I like to look for what I call the “X” factor. In a city like Toronto where we’ve got so many condos now, is there something that will set the building apart and insure that it’s going to be a highly desirable building for years to come; therefore, a great investment for years to come.

YC Condos: The “X” Factor

In YC Condos the “X” factor is very clear, at least to me. The 66th floor infinity pool overlooking the city and the lake is going to be unlike anything we’ve ever seen in Toronto. It’s truly going to be breathtaking. There’s really no other way to describe it. Apparently it’s actually going to be one of the highest rooftop infinity pools in the entire Western hemisphere. The developer has branded the pool area as AQUA-66.
It allows for… what’s really cool is it allows for everyone in the building, whether you’ve got a 250,000 square foot studio or a three bedroom, whatever it is. Everyone gets to enjoy the views that really in any other building; even that AURA down the street you’re paying a million dollars plus to enjoy the views that you’re going to be able to enjoy at AQUA-66.

The design inspiration for AQUA-66 I was told came from some of the crazy rooftop infinity pools from around the world. Some of these most expensive hotels in the world like the Ritz-Carlton here in Hong Kong or the Marina Bay Sands in Singapore. You might have seen these in James Bond movies and stuff. If you buy a unit at YC Condos here’s the funny thing, apparently when you go to Marina Bay Sands, if you want to just go up and see the rooftop pool. Apparently the rumor is that you have to pay $100 U.S. just to go up and look at the pool or hang out there.

YC Condos: True Condos Seal of Approval

If you buy a unit at YC Condos you can charge your friends a hundred bucks every time they come over and ask you to show them your amazing infinity pool. To sum up YC Condos has an amazing location. It’s being built by a proven developer. It’s a very unique building with some of the best suite layouts that I’ve seen in Toronto and it’s cheaper than resale. It all adds up to me as an incredible investment opportunity, which is why I’m happy to say that I’m putting my True Condos seal of approval on this building. So definitely buy with confidence here.

Thanks for watching this video and for more information on this and any other condos in Toronto or free advice on how you can make money investing in the Toronto condo market please go to my website at truecondos.com Thanks and we’ll talk to you soon.

Tags