What happens when condo building is getting too old? | Page 2

Discussion in 'General Discussions' started by Zeiss, Nov 14, 2016.

  1. Ex-Montreal Girl

    Ex-Montreal Girl Active Member

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    Too old for what really? There are sensational low and mid-rise apartment buildings in Paris, Manhattan, Montreal etc. that are 100+ years old. As long as they are structurally sound and the owners are willing to pay for the upkeep (building envelopes, balconies, elevators, electrical and plumbing upgrades, window replacement, etc.) then how does it become "too old"?
     
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  2. Admiral Beez

    Admiral Beez Senior Member

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    I have to call your bluff on this. Please provide examples to support your claim of condos being torn down to build higher capacity replacements.

    In fact, has a condo ever been demolished in Toronto? Toronto's only had condos since the late 1960s. Would any of these be ready for tear down? I would think they'd be refaced and updated rather than demolished.

    https://losttoronto2.wordpress.com/tag/torontos-first-condominium/
    https://www.theglobeandmail.com/real-estate/the-man-who-brought-condos-to-toronto/article4087150/
     
    Last edited: Dec 6, 2017
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  3. Ex-Montreal Girl

    Ex-Montreal Girl Active Member

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    Cool links Admiral Beez!!!

    Our condo is older than that condominium in your link by a good 3 years.

    I know of others -- not conversions -- about the same age, or older, as ours. Grozbord King & Associates (architects) was responsible for many of these earliest condos (plus rental highrises), most of which have that dark red-brown brick look (The Grange, Wynford Park etc.)

    When we bought our place, I did some microfiche digging and found a Toronto Star article on our building. (A three-bedroom on the top floor went for $35K!)

    In my research, I kept running into two things:

    (1) The articles always had to explain what a condominium is, usually in the third paragraph. "A condominium is a building in which people don't rent but buy their apartments and then pay monthly fees to maintain the common areas such as the lobby, elevators ... yada yada) That's how foreign the concept was in the early 70s.

    (2) There was some sort of condo boom in the early 70s, although nothing like today obviously. All the reports carried dire warnings that the market would crash and nobody would be interested in these things. I believe that that more or less happened by 1980 (just a guess) and so, Toronto just sprawled and sprawled and sprawled.

    There were of course co-ops. I believe 29 Dale was converted in 1970. There's also a co-op tower on Broadview just north of Pottery Road which dates to the late 60s.
     
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  4. Ex-Montreal Girl

    Ex-Montreal Girl Active Member

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  5. innsertnamehere

    innsertnamehere Superstar

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    There has only been a single condo actually sold as far as I know, at Yonge and Eglinton. A small 27 unit condo sold to a developer, who with a bit more property, is building 617 units. The old condo is still standing currently, and is less than 30 years old.

    http://urbantoronto.ca/news/2017/01/48-storey-condo-replace-8-storey-condo-yonge-eglinton


    Condos rarely sell, especially larger ones, as it is extremely difficult to get 80% support. When you only need 22 supporting votes to sell, it is easier to make it happen than when you need 220.
     
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  6. MisterF

    MisterF Senior Member

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