Eau Du Soleil is a massive project. It will consist of 2 huge towers, one 66 storeys and the other 46 storeys. They will be connected by a very impressive podium and the site will also feature a large public park including a rumored water feature + skating rink. I wanted to give my readers a brief overview of the site and area around the site to help understand why this is project is going to be so awesome! For floor plans and pricing for this project, please scroll to the bottom of this post and complete the sign-up form.

First off, I want to apologize for the extremely unprofessional graphics in the images on this post. One of the consequences of having Platinum level access to a condo building months before the general public is that the developer has not had time to create all the marketing materials and thus, sometimes I have to create my own using good old Microsoft Paint!

Now, the first image at the top of this post was taken from one of the Penthouse units at Beyond the Sea. This unit is on the 37th floor of the south tower. If the views are this good at floor 37, imagine what they will be like at 60+ at Eau Du Soleil! Wow.

The next image below is really the one that no developer in this area wants you to see, but it’s really crucial for any buyer in this area to understand. There is a lot of development happening in this area which, as always, is a good and a bad thing. It’s good because it shows that people really want to live here and likely values will appreciate significantly over time. It’s bad in that it will increase congestion in the area and many views will be impacted by upcoming developments.

The key takeaway from this is that unlike all the other buildings to be built in this area, Eau Du Soleil is in effect on the ‘corner lot’ for the neighbourhood. There is nothing but parkland in front of it on 2 sides meaning those lake views are forever safe. Also noteworthy is that all the buildings that will front Lake Shore Blvd will be 3-5 storey commercial/retail buildings. The infusion of retail into the area will be a key to creating that ‘urban village’ feeling and make the whole area much more desirable than it is today.

Continuing on to the image below, I created this extremely high-tech drawing to clear up some of the confusion around the orientation of the first tower (Tower A) for Eau Du Soleil. The floor plate shows the different units in their proper orientation. I also tried to show the site lines for units that are below 46 storeys. Of course units above the 46th storey at Eau Du Soleil should have the luxury of completely unobstructed views in every direction!

Those of you who already have the floor plans from me will recognize this floor plate for Tower A. If you have not received the floor plans, pricing, Platinum incentives etc, what are you waiting for? Fill out the form below to get them now! Questions or comments? Email me.

*Disclaimer: Although I tried my best to insure accuracy, none of the images, maps, or information in this post are to be considered an accurate depiction of this or any other condo project. All information subject to change at any time.

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Eau Du Soleil is finally here. This is a project that I have been waiting for since mid 2011 and now that I finally have the details on the project I can tell you that it does not disappoint. Platinum VIP sales are on now. Please contact me for pricing, floor plans, incentives, and your chance to buy a unit in this landmark building months before the public release.

Unless you are a condo industry insider, chances are you have not even heard of this project, however, in the next few months I can pretty much guarantee this project will be the talk of the town. I will be writing more about Eau Du Soleil in the weeks ahead, however, I wanted to start by giving my readers the basic facts of the project.

What is it?

Eau Du Soleil (pronounced “Oh-Do-So-Lay“). The name is french and it means “Most Epic Condo Ever”. Just kidding, but seriously, this project is going to be incredible. I’m very excited about this building.

Who is Building it?

Empire Communities. They are one of the ‘Big Boys’ of Toronto condo development with several projects under their belt including The Modern on Richmond, FLY condos, Rain Condos in Oakville, and of course Beyond the Sea (3 towers located very close by where EDS will be).

Why is it Significant?

EDS will likely be the tallest waterfront condo, not just in Toronto, but in all of Canada. The project will consist of 2 MEGA towers, 66 and 46 storeys tall. These towers will not be near the waterfront, or in the vicinity of the waterfront, they will be RIGHT ON THE WATERFRONT.

When are Sales Starting?

My clients can actually start buying units today. In about 6 months, there will be a million dollar sales office, complete with all the bells and whistles, right on the future site of the building. By then, the whole city will know about this project, most of the building will be sold out, and prices will likely be up significantly from where they are today.

What is Available Today?

I have exclusive rights to sell a specific floor in this building. This is a very high floor that will offer absolutely breath-taking views. I also have access to all suites on the sub-penthouse levels. No line-ups, no high-pressured sales. Guaranteed units for my clients. Now that’s refreshing!

How Can I Get More Details?

1) Sign up to my Condo Investor Newsletter to get all the details. Complete the form below to sign up.

2) Come meet me at the temporary sales centre for the project. Here you can see a scale model of the project that I guarantee will knock your socks off. By appointment only. Contact me or call me at 416-371-2333 to make your appointment.

3) Stay tuned for more details on my blog at truecondos.com over the next few weeks.

I Already Know I Want to Buy a Unit in This Building. How Do I Reserve One?

If you are ready to book a unit, simply complete the form below to register or call me direct at 416-371-2333.

Condo Investor Newsletter Sign-Up    -EAU DU SOLEIL-

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The Modern on Richmond started selling units back in November 2007. I remember this project launch clearly because it happened right at the same time as the original 1 Bloor project and it seemed everyone in Toronto was talking about pre-construction condos at the time. Oh wait, not much has changed in the last 4+ years!

The Modern is nearing completion now and owners are starting to get occupancy of their suites which means that many units are now coming up for sale as assignments. For investors who bought at The Modern circa 2007-2010, values have gone up significantly and now is a great time to sell and cash in on the gains. If you own a unit at The Modern and you are interested in selling by assignment, please contact me to discuss.

If you are a buyer and looking for a brand new condo in a great downtown location that offers excellent value, consider The Modern. With average prices in most new downtown buildings hovering around $600 per square foot and up, many suites at The Modern can be had for around $500 per square foot – including parking! For example, at the moment we have a 920 square foot suite available for $449,900 including parking and locker, which works out to $489 per square foot!

The resale and pre-construction market are red hot right now, and getting what you want at a good price can be challenging if you are a buyer. The assignment market represents a sort of ‘third way’ of getting into the condo market without having to face as much competition. But it’s important to understand the details of how assignment sales work. Not all agents are experienced or trained in this specialty area! Contact me for more details or check out some of the articles on this website that I have written about assignment sales.

The lobby is going to be really nice in this building with a dropped floor and see-through fire place.

Launching NOW from Empire Communities: Eau Du Soleil. Contact me for more information including floor plans and pricing.

It’s not very often that you will see me get excited about a condo outside of downtown, but what Empire Communities is getting ready to launch on the Lake Shore in Etobicoke has got me VERY excited. Eau Du Soleil promises to be one of the TALLEST waterfront condos in Canada. This one is going to be BIG.

The exact details, like how many storeys, how many buildings, what this ‘awe inspiring design’ will be like are still quite scarce (at least, scarce enough that I am not allowed to publish anything here). What I can say is that nothing like this has ever been built anywhere in Toronto.

Empire Communities is one of the ‘good guys’ in Toronto development. They have a tremendous portfolio of buildings under construction including The Modern on Richmond, FLY condos, and on the Etobicoke waterfront they have Beyond the Sea.

I will be one of the very few agents in the city to have “President’s Club” level access to this project. This means my clients will be able to buy before the Platinum or VIP or Preview buyers. Contact me today if you are interested in purchasing a unit at this amazing new project!

Oxygen Maisonettes by Empire Communities and Identity Developments is launching now. Contact me for your chance to buy before the public release.

Located at George and Shuter, on the former site of Walnut Hall, Oxygen offers something unique to Toronto condo buyers: S P A C E. There are only 48 suites in this 14-storey building, and the average size is well over 1000 square feet. Most suites are full 2-storey maisonette style units. There are a few single level ‘flats’, as well as 3 great street-level townhomes. These are not the typical ‘loft’ style 2-storey units that we have grown accustomed to downtown, the second floor is a full floor and not open to below like the 2-storey lofts (e.g. Liberty Market Lofts). So in effect they are like 2-storey homes in the sky.

I recently toured the presentation centre where they have a model kitchen and bathroom. The finishes will be very modern and sleek with a distinctly European style. I was surprised to see laminate counter tops in the kitchen, however, this is not your grandmother’s laminate. The 7cm edging and seemless integration of the sink and appliances make this the best laminate I’ve ever seen. Still, for those wanting to say they have granite counter tops, that is an option at no extra charge. Another highlight of the finishes are the open-riser staircases. Very dramatic and once again, not something typically seen in new condos in Toronto. Overall I would say the finishes are excellent, however the key selling feature will be the floor plans themselves and the space they offer.

The location is obviously not for everyone. Located across from Moss Park, in between Jarvis and Sherbourne, with plenty of known social service centres in the immediate area. Still, in 5 minutes you can walk to the Eaton Centre and Dundas Square. 10 minutes takes you to the St Lawrence Market. 15 minutes and you’re in the heart of the financial district.

Finally, one unit that is a true standout to me, is the 2050 sq ft 3 bedroom townhouse. Listed at $1.25M, this is a very rare beast downtown. Buyers looking for a true townhome, will love this suite. But there is only 1, act fast!

For pricing and floor plans for Oxygen, please contact me.

On the resale side, buyers and sellers alike are trying to get their closings in before June 30th even though the impact will not be nearly as great as on the new build side. Let’s just say that all the real estate lawyers in the city will be VERY busy the last week of June and completely bored the first week of July!

Here’s what the actual impact of the HST will look like for both buyers and sellers of a typical $400K transaction

For Sellers, closing before July 1st will save you 8% on your real estate fees (assuming fees at 5%, that’s $1600). Legal fees on a typical sale will be about $1000 (HST would be $80 extra here).

For Buyers, closing before July 1st will save you 8% on your legal fees (assuming fees at $1500, that’s $120).

Other miscellaneous expenses to think about that will cost more come July 1st include home inspections and moving expenses.

Tip For Buyers: If you are buying a condo, check the status certificate to ensure that the budget includes an accounting for the HST and the impact it will have on the services the condo uses regularly. If the condo board has not planned for the increase, this is not a good sign!

Tip For Buyers and Sellers: Secure your lawyer early to handle your closing as many will be ‘booked up’ for the last week of June and may refuse you service.

Questions or comments? Feel free to contact me.

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.

1. Price. The number one reason why they did so well with their relaunch is they lowered their prices significantly. Prices were adjusted by approximately 20% versus what they were selling for back in October 2008. Most units were priced in the mid $400s per square foot.
2. Timing. They hit the market at the perfect time. Spring fever is in full effect in this city and there is a lot of pent up demand from buyers who have been sitting on the sidelines waiting to jump in. Also, there are no other major project launches anywhere downtown right now = no competition for “VIP sales fever”. Back in 2007/2008, there were VIP sales launches literally every single week.
3. Promotion. I must hand it to Empire. They did an amazing job getting the word out to the public as well as the broker community about the relaunch. They kept pounding the “$159,000″ price point into people’s heads and this worked. Everyone was buzzing about getting a condo in a great downtown location for $159K.

If you are still looking for a unit at FLY, there are still plenty available, but anything priced under about $275K is basically sold out for the time being. No word yet on whether or not they will be releasing more suites in this price range in the weeks to come.

Questions? Contact me.