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CityPlace Condos

joyce said:
All it takes is a rapist or shooting in the area to turn it a ghetto. Remember that!
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not trying to defend CP, but there are already hookers (escorts) and drug dealers that live in the complex.

IIRC, there was a home invasion last year too, but no shootings yet.
 
There's been stabbings and I'm not sure possibly shootings at the club area. So that makes King Street W a ghetto? I also saw on the map listing crimes committed and I think there was a stabbing a long Wellington or Front street area. So it's a ghetto too?
 
What happens when you get a bunch of middle-class 20-30 something professional singles and couples, and put them all together?
Chaos! Violence! Horror! Destruction!

The universe is about to implode upon itself, a rift in space-time is forming along the Fort York Blvd extension, one day soon, it will tear open and the entire development will disappear into another dimension, leaving only a few errant dog walking YUPpies hanging around that silly canoe sculpture wondering what the hell happened!

Seriously though, I'm thinking about moving down there and have spent a lot of time asking around, esp. among my peer group which is, guess what, late 20's professionals. Probably 90% of those that live down there love it, and the other 10% seem to have misinterpreted Cityplace to be a high-end development. It, like much of the developments along the SW fringe of the core, serves its target demographic well.
 
Let's face it, "zombies" are everywhere. Its not just Cityplace. I was in Etobicoke last month for my sister's condo warming party at iLofts. Tons of zombies everywhere leaving beer bottles in the elevator. Up until then, I thought it was only CP that suffered this fate.

If you trash talkers want to a nice quiet place to live, then go buy a house in Leslieville and raise your small family there. Everyone has their own preferences and to generalize by calling an area a "Ghetto" because you're drinking haterade is just a little unfair.
 
I don't know how you would describe luxury. If luxury includes your neighbors, then you would need to buy into something catered for the rich in the $1,000+ psf range. If you describe luxury as just amenities, finishing (excluding craftsmanship), and location, then the newer city place buildings might fit the bill. The security and cleanliness comes down to how the building is managed. It doesn't reflect luxury. Super Luxury will probably cost more (high income renters or owners) and have higher maintenance costs (high maintenance fees) for better security and cleaning staff.

If you want a quiet place to retire in, then you'll need to live in the suburbs or Yorkville. I think it would be very difficult to find newer buildings with few renters in the downtown area. Unless people bought years ago, prices might be out of range for many people.
 
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Hi,
Planning to buy a condo in 5 Mariner Terrace at one of the top floors. after reading the reviews, I am confused. Any latest insights are much appreciated. Does this building have any major issues and what about the re-sale value? Thanks in advance
 
shahgeeshah said:
Hi,
Planning to buy a condo in 5 Mariner Terrace at one of the top floors. after reading the reviews, I am confused. Any latest insights are much appreciated. Does this building have any major issues and what about the re-sale value? Thanks in advance
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Unless the price is dirt cheap, I'd look elsewhere. Lots of issues with all of those buildings.
 
Actually, both 5 and 35 Mariner Terrace are quite nice. Something to know about a lot of the Concord developments, is that there are two active lawsuits at the Matrix (361-373 Front) and Optima (81 Navy Wharf). Both buildings will require 20% down, because CMHC will not insure until the lawsuits are resolved, which have been active for more than 6 years. As much as I think Mariner Terrace is a nice building, I would suggest to get a status certificate first to understand what is going in terms of repairs, reserve fund, and builder issues first. Concord and Tarion are both named in the lawsuits, and neither of them have taken responsibility for the building issues that have taken place. Not saying that Mariner Terrace will have the same issues, but if something is discovered, and Concord needs to take action, they seem like they won't. A building that only allows 20% down will lower your resale value. Already seeing that at the two buildings I mentioned above. Good luck.
 
drewp said:
Actually, both 5 and 35 Mariner Terrace are quite nice. Something to know about a lot of the Concord developments, is that there are two active lawsuits at the Matrix (361-373 Front) and Optima (81 Navy Wharf). Both buildings will require 20% down, because CMHC will not insure until the lawsuits are resolved, which have been active for more than 6 years. As much as I think Mariner Terrace is a nice building, I would suggest to get a status certificate first to understand what is going in terms of repairs, reserve fund, and builder issues first. Concord and Tarion are both named in the lawsuits, and neither of them have taken responsibility for the building issues that have taken place. Not saying that Mariner Terrace will have the same issues, but if something is discovered, and Concord needs to take action, they seem like they won't. A building that only allows 20% down will lower your resale value. Already seeing that at the two buildings I mentioned above. Good luck.
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I thought the lawsuit at Matrix was settled? Concord replaced the balconies.
 
Nope, that is not the only issue. The other issue has to with the parking garage. My client is holding on to his unit until the lawsuit is settled before he sells it. I spoke to the property manager, who explained that there is an issue that needs to be rectified in the parking garage, before the 20% rule is lifted.
 
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