Canada’s Most Expensive Condo

-
You think you are paying too much for your condominium apartment. Well think again, because this blog will enlighten you to Canada’s most expensive condominium.
With an asking price of $33 million for Trump Toronto’s penthouse, it is officially the most expensive and concrete box nationwide.
The “Super Penthouse” at the Trump Toronto hotel, in the city’s Financial District, spans three floors and has panoramic views of the city from 58 storeys up. With 11,755 square feet of space, it is several times the size of the average Canadian home. However, this is not enough; there is the 2,091-square-foot wrap-around terrace.
There are high chances that the buyer of this condominium will be a foreign investor either from Asia, Russia or the Middle East. Although the price seems up soaring at the moment, it is actually very cheap if compared to the prices in Hong Kong or New York.
The empty penthouse would make a perfect party space for the upcoming Toronto International Film Festival. The hotel side is already preparing two large private apartments on a separate floor that will be used for VIP guests. At 2,400 square feet, the apartment will rent for $10,000 per night.
“Celebrities want the feel of a residence; they don’t want a traditional hotel. They want to feel like they are in a home,” says Michael Damelincourt, the general manager of the Trump International Hotel & Tower Toronto. “We are actually not competing so much with other hotels but private homes in Yorkville or Forest Hill that are being rented out.”
 “This is not for everyone. There are only a handful of a handful of people who can afford this,” he says. “It is for that person who wants a house. A mansion high in the sky.”


Comments

Post a Comment

ad 2

Popular posts from this blog

The Toronto Condo Market is only getting Stronger!

-
Image
This year is dubbed "the year of the condo" by real estate agents across Canada, because of the strong performance in the country's major housing markets. The condo phenomenon is something that is happening all over North America. The performance of the GTA's top-tier condominium market eclipsed that of other major Canadian markets in both sales volume and percentage gains in 2017. Sales of $1-million-plus condominiums were up 59 per cent year-over-year within the region, with luxury sales over $4 million up 91 per cent over the previous year. In the City of Toronto, condo sales volumes in the $4 million-plus range rose 82 per cent and those in the $1-million-plus category were up 35 per cent year over year. Certainly in Toronto, Vancouver and Montreal, condos are becoming a choice in terms of where people want to live. If you’re a professional and want to live close to where you work, living in the downtown region has become a lifestyle choice now ...
Read more

The New Square One

-
Image
If you've lived in Mississauga your entire life then you have certainly seen some major changes. Get ready for some more as Square one goes under more developments in time for 2015. The southwest expansion will see the addition of many stores with a Holt Renfrew department store opening its doors in 2016. Holt Renfrew along with many others will help serve the needs of an ever growing Mississauga population, particularly in the downtown core. The rise of condo's in the center of Mississauga, coupled with the new Sheridan college campus which sees an influx of students, will see down-town Mississauga as the place to be. The square one addition has recently completed construction of their food court, and with major cinemas, Go Transit hubs, and Playdium Mississauga makes it just another enticing addition for shopaholics. For more info on the construction and some great pictures check out the link below. Square One Southwest Expansion Underway
Read more

5 things to think about when buying your first place

-
Image
1.       The growth possibilities ·         Buy a place that meets your needs. ·         Think long term because having a 5 year plan might not work out. Remember changes  happen! 2.       What’s under the hood ·          All the basic features should be in good condition. ·          Inspect the property. 3.       Know that no home will be perfect ·         The first home you buy may not be the perfect one but make it the right one. ·         Make a list of “must haves,” along with “nice to haves” and “not necessary  to haves.” 4.       Consider ALL the costs of ownership ·          Look for ...
Read more