Ïce Condos (Lanterra Developments, Cadillac Fairview) - Real Estate -

Discussion in 'Real Estate - Individual Project Threads' started by CGM, Jul 4, 2008.

  1. CGM

    CGM Active Member

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    Anybody have any idea what is the municipal tax rate is for this zone? Or know where I can find that info... Just a matter of curiosity since it is zoned for commercial. 500 Sherbourne developement is a ridiculous 2%!
     
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  2. Gooner

    Gooner Active Member

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    Ice Prices

    I saw some of the pricing....if i recall correctly the STARTING for :

    Studio is around 214k
    1+1 is around 325k
    2 bedroom around 417k

    A lot of the suites are designed w/o balcony as well. Prices equate to the lowest floor (3rd) and most likely the worst views as they are starting prices...

    Still it will probably fly off the shelves..
     
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  3. CGM

    CGM Active Member

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    How much are the 1 bedrooms? parking an option... if so, how much?

    I don't like the no balcony design and the canopy/podium looks pretty weak in the renderings... but you're right... it will sell well.

    I wonder what percentage of the people are purchasing to live in this building as compare to an investment.... given that some of that activity has cooled off.
     
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  4. Gooner

    Gooner Active Member

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    1 Bedroom

    Cheapest 1 bedroom is starting at 283k. I dont have figures for parking however safe to assume 25-30k. Also have no idea which suites are eligible...
     
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  5. yin_yang

    yin_yang Active Member

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    pretty decent price, what's the square footage on that?
     
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  6. Gooner

    Gooner Active Member

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    looks like 492 sq ft.......pretty expensive imo....dont know the costs to go up floors...nobody wants a 3rd floor unit...
     
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  7. ducati0000

    ducati0000 Active Member

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    that is expensive,lower floor no parking and size of a shoe box.
     
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  8. CGM

    CGM Active Member

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    It does seem steep ... and those unit are probably the ones that don't even have a balcony... and can't get parking... I'm waiting to see if Infinity3 or 4 can offer anything close for a better value
     
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  9. CGM

    CGM Active Member

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    Has that been released to brokers or do you work for the builder? Do you have any floor plans?
     
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  10. Therion

    Therion Senior Member

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    Looks like downtown about $500/sq. ft. is becoming the norm for average-ish (ie. not high end) condos. As a consequence, units are becoming smaller and smaller to keep them affordable. I just couldn't imagine two people living together in a 550sq ft. shoe box.

    Are there any three-bedroom units in the buildings?
     
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  11. Gooner

    Gooner Active Member

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    There are one bigger 3 + den suite (1000 sq ft) starting at 584,900. I received pricing from a broker....
     
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  12. CGM

    CGM Active Member

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    ^ ... That price seems much more reasonable than their smaller units.
     
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  13. rbt

    rbt Senior Member

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    Same price actually. Two 500sqft 1 bedrooms squashed together makes a 3 bedroom unit (space wise). The extra bedrooms are cheaper to finish than a second kitchen, etc.
     
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  14. CGM

    CGM Active Member

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    Anybody attend the community meeting about this building on yesterday? If so, what was discussed?
     
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  15. Solaris

    Solaris Senior Member

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    Are we allowed to post pricing and floorplans on this forum? I received this information by email from an agent and can share (if allowed)
     
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