What do you guys think of this condo?

[KeithTalent]

Originally posted by: rivan

Originally posted by: KeithTalent

Originally posted by: rivan
Seems awfully expensive. And you'll be in Canada.

Lol this coming from the guy in St. Louis. :laugh:

KT

That's mostly just a rib on Canada - I've been just twice and had a great time both times. It's just too far north for me.

I'm moving out of St. Louis eventually, and when I do it'll be both farther south and closer to an ocean. Toronto doesn't fit either of those bills

No worries man, just messing with you.

I would never live in Toronto either.

KT

 

[ivan2]

the outside is ugly and the inside is a bit small... (and yes this coming from a guy from NY) But i think i will take it for 214K if it's Canadian dollar.

always wanted a studio with a den myself...

 

[DVad3r]

Originally posted by: MagnusTheBrewer
Do they bring you a chilled Evian with a twist when they inform you the school called in regards to junior being absent?

Nope, they couldn't reach me, I'm too busy bolting on 20 ton propellors at the shipyard all covered in grease.

 

[Kntx]

That looks like a decent place! I might think about it myself. I like the look of the building more than a lot of what has been going up lately.

 

[Kadarin]

Originally posted by: bignateyk
Jesus Christ, 214K for a studio apartment? They look nice and all, but damn. I guess that's how much you have to pay to live in the city like that. Where I live 370K will buy you a 4000 square foot house on 2+ acres of land.

That's great and all, but I'm guessing it's highly unlikely that there are many jobs in my industry where you happen to live.

 

[imported_Imp]

Originally posted by: DVad3r

Originally posted by: Imp
I drove by the sales office on King a few times, very nice area, just outside ground zero of gang shootings, druggies, drunks, club-fights). Only a few blocks from the lakeshore and any thing above the 5th floor should have a very nice view across the lake; no island airport to stare at. Studio for $214k is hefty alright, but for the area, pretty damn worth it.

Think if you held off a few months, the price will be lower? Hearing nightmares about people with downpayments and they stopped building right after doing the foundations and retaining walls.

Yea Parkdale is pretty close to there and that's gangsta. But I like it, seeing real people and the big momma's give me a sense of comfort. I was talking to one of the sales people there today, obviously they said prices are going to increase, but I am sure it's BS

So far it's 30-35 % sold. I'm thinking about getting a place in the next year or so, so just exploring options for now. Although I do love that area <3

Parkdale? I was referring to the King & Spadina club district.

What's the downpayment for a studio ($214k) like anyways? I'd love to look into that.

A sibling just moved out this past weekend. With a steady job, out of university 5 years, she decided to rent a basement apartment. That's right, with all her savings, she decided to rent a shithole; I helped her move Saturday, and a parent who saw it is disparaged and depressed seeing her daughter live in something like that. I can't believe that she couldn't afford something like this.

 

[DVad3r]

Originally posted by: Imp

Originally posted by: DVad3r

Originally posted by: Imp
I drove by the sales office on King a few times, very nice area, just outside ground zero of gang shootings, druggies, drunks, club-fights). Only a few blocks from the lakeshore and any thing above the 5th floor should have a very nice view across the lake; no island airport to stare at. Studio for $214k is hefty alright, but for the area, pretty damn worth it.

Think if you held off a few months, the price will be lower? Hearing nightmares about people with downpayments and they stopped building right after doing the foundations and retaining walls.

Yea Parkdale is pretty close to there and that's gangsta. But I like it, seeing real people and the big momma's give me a sense of comfort. I was talking to one of the sales people there today, obviously they said prices are going to increase, but I am sure it's BS

So far it's 30-35 % sold. I'm thinking about getting a place in the next year or so, so just exploring options for now. Although I do love that area <3

Parkdale? I was referring to the King & Spadina club district.

What's the downpayment for a studio ($214k) like anyways? I'd love to look into that.

A sibling just moved out this past weekend. With a steady job, out of university 5 years, she decided to rent a basement apartment. That's right, with all her savings, she decided to rent a shithole; I helped her move Saturday, and a parent who saw it is disparaged and depressed seeing her daughter live in something like that. I can't believe that she couldn't afford something like this.

King/Spadina is alright, I used to work at a club not too far from there. This place is right next to Dundas west station, right on bloor/dundas. Not sure if we are talking about the same building. Their main sales office is where the old Joe Mercury's used to be.

Not sure what the downpayment is, all I know is that if you have 20 % of the price you will get a loan at the bank no problem. I'm sure you could get a loan with less though if you have good credit.

Yea lot's of people that finish univ and have pretty descent jobs live in shitholes. The reality of that is that living on your own is expensive. I still live with my parents, even if I bought this thing I would still probably rent it out, or a room, to help with the payments.

 

[DVad3r]

Originally posted by: Kntx
That looks like a decent place! I might think about it myself. I like the look of the building more than a lot of what has been going up lately.

Yup, there's a lot of garbage going up all around, everything looks very similar, this one is unique. I hate the condo's downtown near the Rogers center. The condo's near the lake around park lawn are pretty nice but I wouldn't live there, reason? Sewege plant. It smells like shit there sometimes, and I wouldn't pay 500 k + to live in a place that smells like shit.

 

[imported_Imp]

Woops, I thought the sales office or one of the huge sales advertisements I saw was closer to the downtown core than it really is. Finally checked a map, and wow, that is not a bad area at all. Right by Highpark, only a kilometre from the lakeshore. I drive on the Queensway to Costco around there pretty often, and love that area. You even have a No frills close by with beaucoup parking at Dufferin Mall a few blocks away.

Not sure about the railroad racks though...

Ya, I understand people with decent jobs living in shitholes, but the person I was talking about had been freeloading (paid zip for 'cost of living' expenses) at home for 5 years. She's just not really responsible.

 

[DVad3r]

Originally posted by: Imp
Woops, I thought the sales office or one of the huge sales advertisements I saw was closer to the downtown core than it really is. Finally checked a map, and wow, that is not a bad area at all. Right by Highpark, only a kilometre from the lakeshore. I drive on the Queensway to Costco around there pretty often, and love that area. You even have a No frills close by with beaucoup parking at Dufferin Mall a few blocks away.

Not sure about the railroad racks though...

Ya, I understand people with decent jobs living in shitholes, but the person I was talking about had been freeloading (paid zip for 'cost of living' expenses) at home for 5 years. She's just not really responsible.

I have a cousin that just finished 6 years of univ and is working as a waitress at sunset grill. She's renting out some portion of a house with her bf. Ppl make pretty dumb choices.

But year that area is awesome. You can walk or bike it down to lakeshore and ride all along the lake in either direction, cherry beach, harbourfront, park lawn, etc. High park is nice too. The railroad tracks are a bit annoying, but I am not sure if freight trains go through there. It depends where your balcony would be facing too, if you were facing the lake or high park you wouldn't hear much.

You also have the Annex close by, and bloor west, not to mention roncesvalles the Polish area right down the street. King street car too which is awesome if you don't want toe subway, college streetcar also. The location is just killer.

I am pretty sure I'm going to put down a deposit in the next few months. This things an investment.

 

[JS80]

What's the mortgage with no down payment, and how much could you rent that for?

 

[DVad3r]

Originally posted by: JS80
What's the mortgage with no down payment, and how much could you rent that for?

A 2 bedroom in non dense parts of the city runs you 1200-1300 per month. That area and condo I would say around $ 1400 per month if not more. For a 400 k suite it's mortgage would probably be like 2500 or something. Not sure though. It would cover a big chunk of it.

 

[DVad3r]

Here's a calculator. Not sure what all the amortization shit is, but I did a calculation and for a 25 year term it would be like 2300 a month. Maybe I am doing something wrong though...

https://www.rbcroyalbank.com/c...mortgage/mpc/start.cgi

 

[mrrman]

Originally posted by: DVad3r
http://www.giraffeliving.com/

I think it's awesome. Prices are 214 k for a studio to 370 k for a 2 bedroom + studio.

Opinions?

yikes...thats expensice

 

[Red Squirrel]

Wow for that price I could hire a contractor and have a pretty decent house built.

 

[Demo24]

Neat exterior design, but a lot of the floorplans just look stupid to me. Bathrooms at odd places in relation to bedrooms, kitchen in odd areas, etc. I could make it work but not sure I would ever want to pay that much for so little.

 

[MyThirdEye]

:thumbsdown:

 

[Kntx]

Originally posted by: RedSquirrel
Wow for that price I could hire a contractor and have a pretty decent house built.

In that neighborhood??? Sign me up!!

 

[DVad3r]

Originally posted by: DEMO24
Neat exterior design, but a lot of the floorplans just look stupid to me. Bathrooms at odd places in relation to bedrooms, kitchen in odd areas, etc. I could make it work but not sure I would ever want to pay that much for so little.

Check out G36 on the 2 bedroom + studio page. Go to "Views". I love the layout of that one, and the views are insane.

 

[Descartes]

Looks good to me, but like others have said, the style isn't anything particularly interesting. That's a pretty reasonable price from what I can tell, but I don't know the Toronto area. In Atlanta, that's pretty reasonable.

 

[MrMatt]

oooh is it 214K Canadian??

 

[Imdmn04]

I love it when all these hillbillies going "214k for a studio?".

Location, location, location.

That is most important piece of the puzzle in any real estate deal. The cost of material for a house is relatively similar all across the nation, it is the location of the land that makes up the rest.

215k Canadian for a studio ain't nothing, the same thing in coastal cities can easily run between 350k to 500k even in this market.

 

[Capt Caveman]

Any idea what the condo fee is?

If you can afford one, 2+ bedrooms. Definitely do not buy a studio.

 

[nerp]

Originally posted by: RedSquirrel
Wow for that price I could hire a contractor and have a pretty decent house built.

But you wouldn't be in downtown toronto. You'd be living next door to a place where dead people have been left to rot for weeks.

 

[DVad3r]

Originally posted by: Capt Caveman
Any idea what the condo fee is?

If you can afford one, 2+ bedrooms. Definitely do not buy a studio.

43 cents per square foot per month? It's actually pretty pricey and turning me a bit off. Stupid condo fee's