Torontovibe
Senior Member
Nobody is commenting on the Trump condo auction and the fact that the unit received a below minimum bid? What does this say about the reputation and value of a Trump Tower condo?
Toronto St Regis Toronto Hotel and Residences | 281.93m | 58s | JFC Capital | Zeidler
It says that there are too many units for sale in this building, without takers currently, as there are too many luxury penthouse-type units for sale all over Toronto right now.
For those still going on about condos being overbuilt here, it's only true as in regards to high-end luxury units, of which many remain unsold across the city.
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For those still going on about condos being overbuilt here, it's only true as in regards to high-end luxury units, of which many remain unsold across the city.
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Peepers
Banned
I think it says nothing about the value of a Trump Tower residential condo.
The auction was for a hotel condo unit not a residential condo unit. Two completely different animals. Investors have been burnt before on these hotel-condos - e.g. 1 King West.
Whatever the value of the hotel-condo's is - the fact remains that Trump International is ranked #1 as the TOP Hotel in Toronto according to TripAdvisor.com
http://www.tripadvisor.ca/Hotel_Rev...onal_Hotel_Tower_Toronto-Toronto_Ontario.html
Conrad Black
Senior Member
Might be but I certainly would think twice about investing in anything branded Trump anywhere in the future.
Youranthony1
Active Member
These are hotel units and not residential units.
Yes, as Peepers has already stated above, your boldness. My statements still apply to luxury condos.
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Youranthony1
Active Member
Glad it stood out.
It's actually my understanding that residential units in Trump are either being rented or sold at a reasonable rate. I’m not entirely sure how accurate my source is but the units definitely show well.
It's actually my understanding that residential units in Trump are either being rented or sold at a reasonable rate. I’m not entirely sure how accurate my source is but the units definitely show well.
interested
Senior Member
^^^
Any data to support this?
I would think any purchaser of a condo unit would have to be extremely concerned about purchasing a condo here due to uncertainty over the contributions from the hotel portion towards common expenses.
Perhaps there are 2 condo corps within the building but unfortunately the woes of the condo hotel units would presumably have an adverse effect on the selling prices though not necessarily the rental rates of Trump.
Any data to support this?
I would think any purchaser of a condo unit would have to be extremely concerned about purchasing a condo here due to uncertainty over the contributions from the hotel portion towards common expenses.
Perhaps there are 2 condo corps within the building but unfortunately the woes of the condo hotel units would presumably have an adverse effect on the selling prices though not necessarily the rental rates of Trump.
Civdis
Active Member
As I have posted before, I am making lots of money out of my One King West unit so please don't lump us in with Trump, totally different set of economics. The views are way better as well.
interested
Senior Member
civdis, if this comment was in response to mine, please understand I was trying to make a point about this particular condo hotel.
Would you buy a residential condo in Trump today knowing the issues presently facing Trump condo hotel?
I don't know that it won't turn out to be a good investment or at least reasonable investment in the long run as your One King West has turned out. I believe you have acknowledged reasonable cash flow but less stellar capital appreciation.
My issue was more would I today buy a luxury residential condo in Trump or perhaps choose another building...for me personally, I would probably choose another building...who needs the uncertainty?
trumptoronto
Active Member
Yes. There are in fact two different condominium corporations.
interested
Senior Member
Thank you for the clarification Trump Toronto.
MileHigh
Active Member
When are they gonna finish installing the 'P'? It still only says 'TRUM' on the north side.
One Nut Kruk
Banned
It makes no sense as to why this hasn't been done yet. It would take no more than a few moments to line it up and install it into place. Truly a pathetic lack of pride and utter laziness.
gabe
Senior Member
I have seen all the 5 star hotel rooms in the downtown. The hotel rooms at Trump are nicest rooms in the entire city. If i was visiting Toronto and money was no object, i would stay at Trump over the Four Seasons, Ritz Carlton, Shangri La. If only the outside was as amazing as the inside.