Upper Beach Estates

Discussion in 'Real Estate General Discussions' started by PIX, Jan 28, 2012.

  1. PIX

    PIX Active Member

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    I noticed that the Conservatory Group is going to build a new community named Upper Beach Estates development. This will be located off Gerrard Street, between Victoria Park and Main. Any opinions on the developer and area?
     
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  2. drewp

    drewp Active Member

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    I had a client that just purchased a unit there. I think the area is up and coming, and is a few minutes from the beach. I like the project because of its close proximity to Victoria Park and Main Subway stations. Plus there are a few condo projects being built on the Danforth as well. Here is a great article about the 10 best places to buy, as this area is ranked number 2. http://www.torontolife.com/daily/informer/from-print-edition-informer/2012/01/17/where-to-buy-now/



    There are several built units available right now.
     
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  3. Daniel

    Daniel Banned

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    There is no opinions for it.
     
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  4. drewp

    drewp Active Member

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    Ummm.....
     
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  5. cityplaceguy

    cityplaceguy Active Member

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    Developer is so-so, and area is also so-so. Is it for investment? primary residence? You may want to go more east, will get you much better return.
     
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  6. PIX

    PIX Active Member

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    Would be my prime resident.
     
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  7. drewp

    drewp Active Member

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    Like I said my client just purchased a unit there. I think the area is transitional, and is really close to the Beach, but close to Main and Danforth. The price is reflective of that but because there is a lot of development happening here I think if you are willing to stay 7 years or so you should see a good ROI. If you are looking to sell in 3 years or so this might not be my first choice. My clients were looking for somewhere they could live 10 years plus which is why I recommended this spot. All the best to you.
     
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