8' ceilings, laminate flooring, 2 burner cooktop and microwave in lieu of an oven (essentially a hotel-style kitchenette), 2-in-1 washer/dryer unit (worst appliances ever), no balconies, minimal amenities.
Those are definite deal breakers for me, and that's not factoring the $1,000/sq.ft. pricing.
Condo fees are a little high considering the lack of amenities, maybe due to the older infrastructure and mechanicals.
$73,500 per parking space (only for the two largest units), that has to be the most in the city. At least storage lockers are included for all units.
The south units will have no views and much of its sunlight blocked once the phase 2 tower is built.
I wonder how well these refurbished hotel rooms are selling and who are buying them?
I met with Andrew Barnicke (DTZ Barnicke) one evening to discuss this project. He has about 30% stake in the project. I was initially interested mainly based on the location but as I learned more details about the project I wasn't completely convinced. I try not to let my investors get in on a project unless I am 100% convinced weighing all things. There are tonnes of opportunities in Toronto to make money in real estate. I ended up buying a few at Monde on waterfront.