Posted in the wrong spot, that's what I get for posting right before bedtime.
Just purchased (well through a proxy, since I work overseas) a unit here. A 2D1 (2bdrm 840 sq/Ft) on one of the upper levels, with a western view (so mostly city with some lake), for $310k. I think it's a steal, my agent agrees. The area looks a bit rough around the edges, but I went to highschool at RH King up the road, and several of my friends have lived in the immediate area around this site, one still does, he even work at the Irish Pub up the road, and it's just that it, it looks rough, but it's really not all that bad. For the moment that rough look is keeping the prices reasonable. And what lack of ammenities there are in the building are made up by walking a few hundred metres to the Variety Village training centre, or just a little further to the Birchmount Aquatic centre. And depending on traffic, you are max 25 mins from downtown if you drive. Also in regards to the FTTS, I asked them its Bell Fibe FTTH or Rogers Cable right in the suite (dunno why they created their own acronym).
Can't wait for this place to start construction.