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Monde 
12 Bonnycastle St, Toronto
Developer: Great Gulf Homes

Monde Condominiums (Great Gulf Homes) - Real Estate -

Discussion in 'Real Estate - Individual Project Threads' started by interchange42, Jul 26, 2011.

  1. interchange42

    interchange42 Administrator Staff Member

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    Real Estate thread for Monde Condominiums by Great Gulf Homes on Queens Quay East between Sherbourne Common and Bonnycastle Street.
     
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  2. taal

    taal Senior Member

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    It'll be very interesting to see how they price this one ...

    On one hand it's the first condo in the area ...

    But on the other, wow, if the plan for this area (short term i.e. 5-7 years) with east bayfront lands by Hines go ahead it should be a very nice.
    Moreover, just checked out the park i.e. Sherborne park north / south and sugar beach ... they're honestly amazing compared to just about anything in Toronto.
    If I can say anything against them is that they seem in the middle of no where (less the corus building ... which really turned out a lot better then most make it out be).

    Transit is another wildcard, very little transit exists today - most likely they're only be a bus for the short / medium term ... that may be OK but what frequencies will the TTC operate at.

    Time will tell !
     
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  3. taal

    taal Senior Member

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    Anyone have info regarding this ? Have they want into sales yet ? Brokers preview or anything ?
     
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  4. vipcondos

    vipcondos New Member

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    Last edited: Oct 16, 2011
    #4
  5. condoinvestor

    condoinvestor New Member

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    How many people from this forum have actually bought at Monde? Have most people bought 2 or 1 bedroom?
     
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  6. $watkins$

    $watkins$ New Member

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    One of my business partners bought a 1 bedroom + den with 1.5 washrooms. There's a strong possibility I will buy the same type of unit in the near future.
     
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  7. neubilder

    neubilder Banned

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    Are those dollar signs on either side of your moniker?
     
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  8. $watkins$

    $watkins$ New Member

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    No they are not.
     
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  9. taal

    taal Senior Member

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    Curious if sale prices have dropped a little seeing how they've clearly had a hard time selling ? Maybe the market hasn't reached that point i.e. where developers will drop prices!
    What is the average price pre square foot in this building ?
     
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  10. alafleur

    alafleur New Member

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    Average $psf is $700 which means the tower suites are more than $700psf and the podium suites are less.
     
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  11. taal

    taal Senior Member

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    No wonder they're having problems selling !

    I mean this is a signature project but they need to take the area into account. This is the start of a neighborhood, there's not much there yet.
     
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  12. monix

    monix New Member

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    so...I need your input. Monde looks like a good condo. Do you think it is a good deal with the current and future prices. I am planning to move into this area in a few years. I am not speculationg and trying to make money. My preference is just not to loose money. What do you think?
     
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  13. neuhaus

    neuhaus Senior Member

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    No, Monde is overpriced considering you will be one of the first to be living in this developing area (be prepared to live through years of construction), you're not on the water (there's another development planned between Monde and the water), and it is right next to the Gardiner.
    The novel gang-plank balconies are not very practical and expensive if you decide to buy into the tower units.

    If you absolutely love the building and are determined to live in this area, I would wait a little longer to buy at Monde as sales are extremely slow there and the hot condo market is starting to take a breather. I'm sure you can negotiate the purchase price, get some finish upgrades, discounts on parking/locker, etc.

    For the prices they are asking per sq.ft. you could buy into much nicer and more established neighbourhoods.
     
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  14. Automation Gallery

    Automation Gallery Senior Member

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    I agree, but dont forget this area will be the bee's knees in 10 years:cool:
     
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  15. Emm

    Emm New Member

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    I'm in the exact same predicament....
    I too want to move into this area and am considering a unit on a lower floor overlooking Sherbourne Common at about $600 a square foot. Does this seem like a reasonable price?
    And should I be concerned there is less than 50% sold in the building? At what point would they start to build?
     
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