88 Scott is the latest new condo from Concert Properties, located right in between the St Lawrence Market neighbourhood and the financial district. Fill out the form below to receive floor plans and pricing and your chance to buy a suite before the public launch.

Concert Properties is no stranger to this area, having brought The Berczy to market just south east of here about 2 years ago. At the time, Concert was brand new to the Toronto market, although they are well-known in Vancouver. Today the Berczy is totally sold out and there is a waiting list of buyers looking to buy units from the original purchasers in that building, and Concert is also working away at a large rental building (brand new) at Dundas and Bay.

88 Scott looks to be a classic, Big City, New York, ‘Grown-up’ sort of skyscraper. A welcome change from the Toronto trend of doing everything as modern and trendy as possible, 88 Scott I feel will bring a more classic elegance sort of feel to the downtown. When you look at a building like this, it’s hard not to like it. A mix of pre-cast with floor-to-ceiling glass, and plenty of unique features like terraced suites at various levels and various sides of the building, and of course the limestone and granite base of the building. All this creates an architecturally interesting structure.

The location straddles perfectly the hustle and bustle of the financial district and Yonge street with the immensely popular St Lawrence Market neighbourhood which is enjoying a sort of renaissance of late, especially with more established and down-sizing type buyers.

The building is clearly aimed much more at the end-user buyer than the investor buyer, which is one reason why a lot of savvy investors are buying into the building right now! There are many unique and one-of-a-kind floor plans, as well as many larger suites which are really meant to be homes for those who love the city life.

For all the details on 88 Scott and your opportunity to purchase a suite, fill out the form below.

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VIP sales are on now for Freed Developments latest project: Sixty Colborne. Complete the form below to register for all the details including floor plans and pricing and how you can reserve a suite before the public release!

Peter Freed is almost an institution in King West. His projects have played such an important role in the condo industry in Toronto that I named his first building, 66 Portland, as one of the top-10 condos that changed Toronto in a recent series I wrote for buzzbuzzhome.com. Now Freed is branching out of his favourite ‘hood and will be launching projects in the near future in the St Lawrence Market area (Sixty Colborne), Yorkville, and Yonge and Eglinton.

Freed’s projects are high on design and he is more forward-thinking than most developers downtown. This project is no exception and he brought on “starchitect” and local guy Peter Clewes from architectsAlliance to design the building.

The floor plans in this tower are the best I’ve seen from any project that has launched so far this year. The tower suites are all excellent and the podiums are pretty much all solid too. The rooftop will be ultra-sexy with a specially designed raised swimming pool and patio/lounge area. Imagine going home on your lunch break for a dip in the pool!

The St Lawrence neighbourhood is one of the best in the city. It’s right up there with Yorkville, King West, the Entertainment District,and of course the Yonge/Bay Corridors as the hottest in the city over the last 18 months. This building will appeal to investors, first time buyers and even down sizers with a sense for modern living. There are some larger suites in the 1000-1300 sq ft range which is refreshing to see and is perfect for this location.

For all the details on Sixty Colborne please contact me .

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.

From the builder:

The rumble of the TTC, the steely chime of streetcars. Cool jazz drifting out from The Reservoir Lounge. That fresh apple smell at the St. Lawrence Market, when you know it’s really fall. Curtain call at the Sony Centre, rush hour on Bay Street. It’s what makes downtown Toronto, well, Toronto – the most exciting, dynamic place you’ll ever live. Ever.

Here, at the downtown core, connect to a true original, conceived from the very essence of what makes Toronto one of the world’s great cities. A magnificent tower fashioned from limestone, glass, concrete and steel, soars from its heritage base to a monumental presence in the cityscape. Spectacular views by day and by night. A pivotal location where the Financial District meets the St. Lawrence neighbourhood. With total access to everything downtown. To the arts, to the sports you love, to work, to food from far away places. To the high life, the vibrant street life and the best kind of everyday life.

It’s Toronto to the core. It doesn’t just surround you, it’s inside of you. In your heart. Because living here defines you, drives you, inspires you.

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Post House condos located at George and Adelaide is having a sale (sort of). The prices are not on sale, but the deposit structure they are offering is. Check it out:

• $3K with offer
• balance of 5% in 30 days
• 5% in 120 days
• 5% in June 2013
• 5% at occupancy

Only 10% is required up front, with nothing more for over 2 years until June 2013, then another 5% at occupancy (estimated to begin August 2013). Buyers and investors are always looking for an edge on the deposits, and while the days of 5% down are behind us for now, this offer is excellent for the buyer who is looking to really stretch their dollar on a pre-construction purchase.

1 bedrooms are still available starting from $278,990, 1+dens from $318,990, 2 bedrooms from $365,990. Average price per square foot is around the mid to high $500s. Parking is $39,500. Penthouses are also available with this promotional deposit structure.

This offer is on for a limited time only. Contact me for details.

There are several standout features of this project that make it a winner. The most obvious one being its prime location right at Yonge and The Esplanade. (Do not underestimate the power of location when choosing your first investment condo!) However, the two ‘killer’ features of the building are the PATH connection, and the 70′ rooftop infinity pool with lake views (not a typo-seventy feet long).

Being directly connected to the PATH in this location gives you underground access to several subway stations and hundreds of shops. If you have not been in the PATH in the financial district lately I encourage you to check it out. The retail and restaurants that you find there are trending more and more towards the ‘high end’. Imagine going to work every day in the winter and never bringing a coat!

The 70′ infinity pool looks like it will be incredible. I don’t know if there is a longer infinity pool existing or planned for any condo building downtown (someone let me know if there is). This kind of feature was unheard of in Toronto condos a few years ago, but developers like Cityzen are really starting to push the limits of what is to be expected in a mid-range condo.

It’s worth noting that the smallest suites in this building are 531 sq ft! What a contrast from most of these downtown towers that are packing their buildings with sub 500 sq ft units resulting in buildings where the majority of suites will be owned by investors. It may sound counter intuitive, but as an investor, sometimes you WANT to buy into a building where there are as few other investors as possible.  Why? Less competition for rental units, and a better maintained and cared for building.

Standard suite finishes are well above average, and prices are starting below $600 per square foot (resale units at Cityzen’s completed “London” building are selling in the $575 PSF range today). Deposit structure is very cash-friendly, with only 15% over 365 days +5% at occupancy. For floor plans and pricing for Backstage, please contact me.

Backstage is Toronto’s most dramatic condominium lifestyle experience, located against the vibrant backdrop of The Esplanade just west of the St. Lawrence Market at Yonge Street. Live just minutes from the financial district and all the action at the Sony Centre for the Performing Arts, the Air Canada Centre, and Rogers Centre. Spend quality time with friends at the many exciting bars, bistros and nightclubs in the entertainment district. Backstage, a condominium address where you are both the performer and the audience. Welcome home.

Building Features

• 36 Storey, glass point tower with sleek, slender lines of steel and shimmering glass inspired by architect Page + Steele
• Upscale urban interiors designed by Munge Leung, and landscaping by the internationally recognized Claude Cormier
• Panoramic views of downtown Toronto and Lake Ontario
• Candidate for LEED certification
• Future connection to the PATH concourse running throughout the downtown core
• Amenities include rooftop garden with a 70 foot infinity pool and lake view
• Uniformed 24hr concierge

Suites Features

• Soaring 9 and 10 foot, smooth ceilings, as per plan
• Contemporary kitchen cabinetry with extended height uppers and under valance lighting
• Granite kitchen counter tops with under mount sink and ceramic back splash
• Bosch appliances include cook top stove, built-in oven, built-in dishwasher, built-in microwave/hood fan, stacked front load washer and dryer
• Fisher Paykel refrigerator and bottom mount freezer
• Multi-plant, engineered hardwood flooring in entry, kitchen, living area, dining area, den, and bedrooms
• Bathrooms include floating vanity cabinets with slab marble counter tops
• Ensuite bathroom floors offer choice of marble, porcelain, or over sized ceramic tile while main bathrooms include choice of porcelain or over sized ceramic tile
• Thermally isolated Low E, energy efficient, double glazed windows

*All details subject to change without notice and as per plan. See builder for details

While developers across the board are now starting to roll out incentives for buyers as they compete for sales, some offers are still only available to a select group of Realtors like myself who have a previous track record of sales. As I always preach on this blog, it literally pays to hire a knowledgeable AND experienced buyer’s agent when you are thinking about purchasing a pre-construction condo.

For the month of November, my clients can take advantage of a pretty nice offer at Post House Condos. This offer is not available to the public and is limited to a small group of VIP Realtors like myself. Normal deposit structure is 20% over 365 days for this development. For my clients it is only 15% over 365 days + 5% at occupancy AND I have been given 3 ‘coupons’ that entitles 3 clients to receive 1% cash-back on their purchase. A nice double perk

If you are thinking of investing in a condo in the very popular St Lawrence Market neighbourhood, this is a great buy right now with units selling in the low to mid $500s per square foot. Other projects in the area like “Backstage” are in the high $600s per square foot. Contact me for details.

• As early as Saturday afternoon I had already received several calls from agents or would-be clients from other Realtors who were lamenting the fact that there were no small suites to buy
• On both sales days – Saturday and Sunday, it seemed there were no small suites available by the time the clock struck 10:30am.
• There seemed to be an allocated amount of suites to each day of sales, so if you had an appointment at 10:00am Sunday you were better off than an appointment at 2:00pm Saturday.
• On Saturday there was a huge crowd of agents outside the sales centre trying to get in without an appointment. Presumably by Sunday they had gotten the message as they were turning people away if they did not have an appointment.
• No detailed price list was ever released so it’s hard to know if the developer was raising prices at the last minute or not since there was nothing to compare the stated prices to.
• The sales reps said they were NOT holding back units for future events
• The rescission rate for this event could be high because buyers were buying 2nd, 3rd or 4th choice of suite since their 1st choice was not available.
• Even the larger 1000 sq ft + suites were selling briskly over the weekend. This suggests that while investors went away disappointed, end-user buyers with means did mostly get what they wanted.
• My clients managed to get a 2 storey unit with 11′ ceilings for $491 per square foot.
• City view suites on higher floors were going into the mid $600s per square foot – still reasonable.
• Kitchen and Bathroom finishes were above average – especially nice were the integrated appliances and forward thinking design colour palattes
• Sales centre and model suite was very well designed and presented.
• Bottom line, this is not an investor-driven building and will likely be a fantastic piece of real estate when it is built in a few years.

Questions about The Berczy? Still want to buy a suite in the building? Contact me for up to date availability and pricing.