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Wellesley on the Park 
11 Wellesley St W, Toronto
Developer: Lanterra Developments

11 Wellesley St W (Lanterra Developments) - Real Estate -

Discussion in 'Real Estate - Individual Project Threads' started by interchange42, Jun 20, 2013.

  1. interchange42

    interchange42 Administrator Staff Member

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    Thread for those interested in purchasing at Lanterra Developments' project at 11 Wellesley Street West.
     
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  2. LookingforCondo

    LookingforCondo New Member

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    Thoughts on this project? I hear sales are going to start May 1
     
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  3. RZ12

    RZ12 Active Member

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    Going to be a hot project. Anything on the Yonge corridor is doing well. People who missed out on YC Condos. This is the next best project to come out.
     
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  4. TheKingEast

    TheKingEast Senior Member

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    It'll be a glorified rooming house. Great location, but it's not for end users. Not in the same stratosphere as Five.
     
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  5. LookingforCondo

    LookingforCondo New Member

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    Curious to know why not for end user? More for rental purposes than or are you saying more for investment.
     
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  6. TheKingEast

    TheKingEast Senior Member

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    The area is prime location and in between 2 universities so it will attract a lot of investors renting out units to students. This is why I don't think it would be a good buy for end users as the building will be most likely full of students. Lanterra tends to be at the bottom of the competition when it comes to finishes....and build quality is questionable. This is just my opinion...but if you research some of Lanterra's buildings...there have been issues with build quality.
     
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  7. Condo George

    Condo George Active Member

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    #7
  8. LookingforCondo

    LookingforCondo New Member

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    Thanks ! Your input is really appreciated .. that info is something you probably wont here from realtors!
     
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  9. Condo George

    Condo George Active Member

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    11-Wellesley-Aerial-View. 11 Wellesley. 11 Wellesley 1. Postcards 11  Wellesley Condos.
     
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  10. pmilo

    pmilo Active Member

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    $680 psf sounds about right for the area. Is 11 Wellesley toting itself to be high end luxury or run of the mill?
     
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  11. Condo George

    Condo George Active Member

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    I don't think we will see high end finishes for that price per sq ft. I will know for sure on May 1, this is the first info event for St Martin agents.
     
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  12. DarkSideDenizen

    DarkSideDenizen Active Member

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    316 square feet? What the hell.. That's equivalent to a room that's just under 18' X 18'. Must have a fantastic layout! ;)
     
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  13. cruzin4u

    cruzin4u Senior Member

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    Condo George's speciality - "shoebox living". You should trademark that.
     
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  14. kalvinone

    kalvinone Active Member

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    and no different from 3 BR in 900 sq ft? geez... life is like a box of choc... sardines..
     
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  15. pmilo

    pmilo Active Member

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    I dont understand why developers see 316 sf as reasonable living, besides more $$$ for them. Take that unit and divide it to add more sq footage to the units beside it.
     
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