Project Essentials / dataBase – detailed project information, floor plans, renderings
Projects & Construction Thread  I  Real Estate Thread
Pinnacle on Adelaide, The 
295 Adelaide Street West, Toronto
Developer: Pinnacle International

Pinnacle On Adelaide Condos (Pinnacle International) - Real Estate -

Discussion in 'Real Estate - Individual Project Threads' started by interchange42, Aug 30, 2010.

  1. interchange42

    interchange42 Administrator Staff Member

    Joined:
    Apr 23, 2007
    Messages:
    18,491
    Likes Received:
    7,578
    Location:
    by the Humber
    Urban Toronto’s feature on The Pinnacle on Adelaide by Pinnacle International continues with a focus on the model suites in the presentation centre created by Chapman Design Group. Anson Kwok, Sales and Marketing Manager for Pinnacle International, guided us through these well-appointed spaces.

    Text by Doug Convoy Photos by Interchange42

    A view over the 1035 sq ft, two-bedroom suite showcased at The Pinnacle on Adelaide presentation centre.

    [​IMG]


    Granite countertops and glass backsplashes are standard kitchen finishes.

    [​IMG]


    Pinnacle International prides itself on the rigorous attention it pays to suite design and made refinements, large and small, to the layouts in the presentation centre, even as they were under construction. These improvements have since been applied to the rest of the project.

    [​IMG]

    [​IMG]


    A peek inside the master bedroom with ensuite bathroom.

    [​IMG]


    A view to the second bedroom off the living room area.

    [​IMG]


    Looking into the second bedroom.

    [​IMG]


    The adjoining bathroom to the second bedroom is accessed from two sides and functions as a guest bathroom as well.

    [​IMG]

    [​IMG]


    A view over the 532 sq ft, one-bedroom suite featured in The Pinnacle on Adelaide presentation centre.

    [​IMG]


    Engineered hardwood floors are standard in the units.

    [​IMG]


    A close-up of the kitchen area with glass backsplash and granite countertop. Millwork is by Paris Kitchens of Richmond Hill.

    [​IMG]

    [​IMG]


    That brings us to the end of our coverage of The Pinnacle on Adelaide by Pinnacle International. Urban Toronto looks forward to following the progress of this development in the months and years to come. Thanks for tuning in.

    [​IMG]
     
    Last edited: Aug 31, 2010
    #1

  2. Edward Skira

    Edward Skira http://skyrisecities.com Staff Member

    Joined:
    Apr 22, 2007
    Messages:
    10,959
    Likes Received:
    4,379
    Location:
    Toronto
  3. bnb

    bnb New Member

    Joined:
    Mar 22, 2012
    Messages:
    4
    Likes Received:
    0
    Turns out closing cost for this building is FRIGGIN sky high! For a $350K condo, you're looking at a $22K extra during closing. Sheesh! Any explanation Pinnacle??
     
    #3
  4. pmilo

    pmilo Active Member

    Joined:
    Oct 20, 2013
    Messages:
    169
    Likes Received:
    2
    Location:
    Toronto
    wow that seems absurdly high but it all depends on what was in the purchase agreement and all the hidden fee's developers put in. Perhaps the purchaser didn't try putting any caps on given fees???
     
    #4
  5. RZ12

    RZ12 Active Member

    Joined:
    Aug 2, 2012
    Messages:
    305
    Likes Received:
    3
    Location:
    Downtown Toronto
    What a disaster. More people should know since PJ Condos by Pinnacle is launching across the street in Spring.
     
    #5
  6. bnb

    bnb New Member

    Joined:
    Mar 22, 2012
    Messages:
    4
    Likes Received:
    0
    There obviously is a lot of hidden fees and no caps on them. Unlike other projects (Times Group) there is a $5K cap on levies. But this builder is known to have incredibly high fees. Unfortunately not everyone is aware of this and in the end, they get screwed over by $20K+ come closing. Of course, when you call their head office, they tell you to call the people at the presentation centre. And when you call their presentation centre, they tell you to call your lawyer. And when I call Pinnacle's laywer Suzanna Shen, she doesn't pick up her phone or takes voicemails. And in her voicemail message she tells you to send a FAX or email. By the time you go through all those hoops, you're already out $20K+ which no chance to get an explanation! Sheesh again!!!!!!!!!!!!
     
    #6
  7. bnb

    bnb New Member

    Joined:
    Mar 22, 2012
    Messages:
    4
    Likes Received:
    0
    *with no chance to get an explanation.
     
    #7
  8. TheKingEast

    TheKingEast Senior Member

    Joined:
    Feb 16, 2011
    Messages:
    3,961
    Likes Received:
    1,341
    It's only going to get worse. All these people who were buying up condos like hotcakes are going to get a rude awakening when it comes time to close. Builders recoup...then hand over a shitty product and then leave you to fix the problems. It's a great scam.
     
    #8
  9. TheKingEast

    TheKingEast Senior Member

    Joined:
    Feb 16, 2011
    Messages:
    3,961
    Likes Received:
    1,341
    Caps can only do so much. Most builders will negotiate the caps but still find ways around them.
     
    #9
  10. taal

    taal Senior Member

    Joined:
    May 19, 2007
    Messages:
    6,534
    Likes Received:
    42
    Location:
    Y&E
    When you buy you can have your lawyer add a cap to the purchase agreement .. the few developers I know have signed off on it even when it wasn't in the original contract ..
     
    #10
  11. gregv

    gregv Active Member

    Joined:
    Jan 30, 2008
    Messages:
    313
    Likes Received:
    53
    #11
  12. Dean2015

    Dean2015 New Member

    Joined:
    Jan 12, 2015
    Messages:
    3
    Likes Received:
    0
    I just saw my final statement of adjustment ($20K extra). I was told Pinnacle doesn't have caps by Sales agent and Pinnacle should not be more than $10K to final price. Wish I hadn't listen and insisted on adding a cap to the price. The fee is ridiculously high.

    Is anyone planning to take Pinnacle to court?
     
    #12
  13. cdr108

    cdr108 Senior Member

    Joined:
    Apr 22, 2008
    Messages:
    4,641
    Likes Received:
    8

    not to be mean, but that's foolishness on your part and any other buyer who believes the 'word' of sales agents and any other developer representative.

    if it'll be no more than $10K, then why are they so resistant to put it on paper !?!
     
    #13
  14. Dean2015

    Dean2015 New Member

    Joined:
    Jan 12, 2015
    Messages:
    3
    Likes Received:
    0
    Yup...lesson learned.
     
    #14
  15. RZ12

    RZ12 Active Member

    Joined:
    Aug 2, 2012
    Messages:
    305
    Likes Received:
    3
    Location:
    Downtown Toronto
    Pinnacle needs to stay in Mississauga
     
    #15

Share This Page