The X Condominium by Great Gulf Homes is a 44-storeys, 437 suites structure located at 590 Jarvis Street at Charles Street East, south of Bloor Street. The former headquarters of the Metropolitan Toronto Police Department. X Condominium is centrally located and is close to shopping, restaurants, subway, Yonge Street and the Don Valley Parkway.
The owners club, “THE SCENE” features spectacular amenities including a Library, Billiards room, Media lounge & Chic Clubroom with a Bar/ Kitchen overlooking the Roof Garden, BBQ area & the Outdoor Swimming Pool. Underground Visitor Parking & 2 Guest Suites and 24/7 concierge.
The X Condominium is offering new release of suites on sale from just over 500 sq. ft. to over 1600 sq. ft. , available on almost every floor, at every exposure.
Occupancy: March 2010
500 sq ft suite start from lower $250,000 plus extra for parking and locker.
Event Date: November 22, 2007
Time: 6 pm sharp
Contact me at torontoshome@gmail.com if you want to avail special VIP pricing and suites, before the public launch.
Warren Shear, president of Cityview Homes Inc., says his company’s latest project, The Modern on Richmond, is a chance to buy in an up-and-coming neighbourhood.
"Richmond is undergoing a lot of rejuvenation. There are great restaurants, a lot of young artists and professionals, and on nearby Queen St., are a number of new high-end stores. As the area improves, condo values rise."
In keeping with its name, the 17-storey building will be contemporary with large expanses of glass accented by polished aluminum and textural brick. Suites will feature balconies, French balconies or terraces, with retail shops on the ground floor.
"The Modern is for the first-time buyer and though it’s contemporary, it’s also classic," says Shear.
For warmer months, there will be the M Lounge with a rooftop garden, two plunge pools, lounge chairs, picnic tables, a barbecue and an outdoor shower.
Inside, Mike Niven Interior Design Inc. will create a two-storey lobby and lounge opening onto a landscaped courtyard garden.
The 343 suites offer European-style kitchens, stone counters and a stainless steel appliance package.
Sizes range from 380 square feet to 920 square feet, with suites starting at $157,990. Maintenance fees are 49 cents a square foot. Suites include studio to two-bedroom designs and Shear says 48 per cent of the building will be one-bedroom and den units, which will have either a powder room or full second-floor bathroom. Many two-bedroom suites are corner units, so there’s a lot of glazing.
In addition to the outdoor amenities, there is the indoor Mod Club where residents will be able to sit by the fireplace, dance or take in a movie in the theatre room.
The Modern on Richmond will officially open for sales today and Shear hopes to start construction next summer. Occupancy would be in mid-2010.
The location is at 320 Richmond St. E., at Sherbourne St.
New to the South Riverdale –or Leslieville–neighbourhood is Leslieville Lofts, a project by Hyde Park Homes and Lamb Development Corp. Featuring an exterior of dark brick, the building fronts on to Broadview Avenue and has 157 loft-style suites in total. Close to the Queen East streetcar route, the project is also situated near a range of neighbourhood shops and restaurants. The sales office opens next weekend.
BUILDER/DEVELOPER Hyde Park Homes and Lamb Development Corp.
BUILDING Eight storeys
SUITES Studio, one-bedroom, one-bedroom-plus-den, two-bedroom and penthouse units, as well as two-storey townhouses at street level
SIZE 470 to 2,265 square feet
OCCUPANCY Summer, 2010
TARGET MARKET Largely young buyers, from their 20s to their 30s
FEATURES Suites include nineft. ceilings, exposed concrete ceilings and feature walls, granite or quartz kitchen countertops, gas barbecue connections on the terraces, prefinished engineered hardwood flooring, rain-style showerheads and floor-to-ceiling windows.
AMENITIES The building features a green roof, a concierge, a party room, a fitness room, a guest suite, a landscaped area and an AutoShare car parked at the building.
STANDOUTS The site is located in the burgeoning Queen Street East neighbourhood, with a range of restaurants and boutique shops close by. Suites at the site are also zoned for live/work use.
Lisa Van de Ven, National Post
Published: Saturday, November 17, 2007
Real estate agents wheel and deal but also help raise the bar on return
Nov 03, 2007 04:30 AM
Melinda Mattos
Special to The Star
When I put my condo on the market this fall, a friend asked why I was bothering to use a real estate agent.
“It’s a hot building in a hot market,” she argued. “You could save yourself some money by selling it privately.”
The suggestion was tempting. After all, when you factor in lawyer’s fees and penalties for discharging the mortgage, selling a home can be expensive. I wasn’t thrilled about losing another 5 per cent of the purchase price to commission.
But while my penny-pinching instincts are powerful, one thing stopped me from going it alone: I don’t know anything about selling real estate. Even Monopoly stresses me out.
Just like I wouldn’t drill my own cavities to avoid paying dentist’s bills, I was unwilling to fake my way through selling a home.
Instead, my selling partner and I rehired the agent who’d helped us buy the place. She knocked 1 per cent off her commission because we were return customers and set to work taking photos, having a virtual tour recorded and promoting the sale on MLS and in the classifieds. I was glad to have a pro on board.
Of course, that didn’t mean I could avoid all the wheeling and dealing. Though an agent facilitates the selling process and makes sure everything gets done properly, the seller still has to make some big decisions – like setting a price.
When we bought the condo about two years ago, we paid just under $215,000. We knew that property values had gone up since then, but we didn’t know exactly how high.
When our agent showed us MLS listings for similar units that had been sold in the building over the past year, we were surprised to see prices in the $235,000 to $240,000 range.
Still, I was skeptical about what our unit was worth.
Ever the pessimist, I went through the listings with a red pen, circling all the ways these units might have been worth more than ours – noting their polished concrete floors, unobstructed views and fancier appliances.
Luckily, our agent was not as wimpy as I am.
“Your place shows really well,” she reassured me, suggesting we price the suite at either $239,900 or $244,900.
As I considered these figures, I could feel cartoon dollar signs appear in my eyes. When we first decided to sell, I had hoped that we would break even. Now it seemed like we might make a profit, too.
Though it’s common wisdom that buying property is the best investment you can make, the truth of that statement didn’t click for me until that moment. Suddenly, I wanted to do everything in my power to maximize my return on investment.
We chose the higher figure.
Next, we had to settle on a timeline for accepting offers.
When we bought the condo, the seller had been considering offers as they came in, which gave us a strategic advantage as buyers: when we slipped him a lowball offer, it was the only one on the table. Though he signed it back, asking for a few thousand dollars more, we still nabbed the place for less than the list price and even got him to throw in his dinette set.
I didn’t want that happening to me as a seller.
So, in the hopes of inspiring a bidding war, we decided not to consider offers until a week and a half after the suite went on the market.
For that week and a half, we found other places to spend our time, making the unit available for viewings all day, every day, including an open house on the weekend (which, our agent informed us, was well attended by potential buyers and nosy neighbours alike). Dozens of people came and went.
On the day we were scheduled to take offers our agent called to say that at least two or three would be coming in. We nervously awaited the 7 p.m. deadline.
Return to this space in two weeks and I’ll tell you what happened.
