Toronto’s skyline as we know it is set for a dramatic change, a transformation that will boost the city’s image worldwide. A drive into the city already hints at the changes to come. The cranes and large amounts of construction taking place not only signify the condo-centric culture of the city but also showcase the fact that developers are drifting away from traditional box shaped buildings and moving towards condominium buildings that are infused with breathtaking architecture and design.
With new luxury condominium developments spreading and the spring real estate market taking flight, The Invidiata Team RE/MAX office is buzzing. Many of The Invidiata Team’s clients are from the town of Oakville; a town that the team believes is much like Greenwich, Connecticut. Greenwich is approximately 30 minutes outside of New York City and has ranked number one in the biggest earner category by Money magazine. Much like Greenwich, Oakville is a big city suburb. It is one of the wealthiest areas in Canada and is largely home to upper-middle-class families.
Just like their counterparts in Greenwich, citizens of Oakville are eager to invest in real estate within similar proximity to the big city. In addition, Oakville residents are turning their attention to Toronto’s booming condominium market.
The Invidiata Team’s Oakville clients are eager to find investment opportunities in Toronto that compliment their level of success. Others are looking to find properties for their children who are moving to Toronto for post-secondary education or work. They are looking to find homes that offer luxury and the best of amenities. These clients are finding all this and more in Toronto’s new real estate projects set to give a new meaning to luxury and take the real estate market by storm.
The ultra successful mature crowd looking for sophistication will be drawn into the exclusive world of the new Four Seasons Hotel and Private Residences in Toronto’s Yorkville neighbourhood. Construction is almost complete and promises to offer an even greater glamour and world-class elegance at the northeast corner of Bay Street and Yorkville Avenue.
The new Four Seasons Hotel and Private Residences include two soaring towers. The West Residence tower soars with 55 storeys atop the Four Seasons Hotel and the East Residence tower includes 26 storeys. Both towers will offer spectacular design. Claude Cormier, world renowned landscape designer will include an imported granite urban carpet as well as a hedge installation.
“There are not too many places in Toronto where you can find Gucci at your front door, world-class dining, beautiful design, globally renowned service standards and the convenience of the Yonge subway line to get to work, all while taking advantage of amenities such as 24-hour valet service and in-residence dining. The new Four Seasons Hotel and Private Residences offer just that and are a new era for ultra-luxury real estate,” says Christopher Invidiata, Sales Representative, The Invidiata Team RE/MAX Aboutowne Realty Corp. Brokerage.
In addition, Yorkville attracts investors with impressive return on investment figures. For instance, in 2008 the average Yorkville one-bedroom condominium unit was $357,102. In 2011, the average Yorkville one-bedroom condominium unit became $562,000. The return on investment in this example is 57 per cent.
Looking for something which appeals to a younger crowd? Look no further than King West. The area is attracting young urbanites. Its location is convenient for young professionals, because it is at the edge of Toronto’s financial district and it is close to TTC street car access and the Gardiner Expressway.
One of the newest projects to hit King West are the Thompson Residences located at 621 King Street West. This condominium project is a collaboration between the Thompson Hotel Group and Freed Developments and follows the popular Thompson Hotel with Residential Condominiums located at 550 Wellington West. Under construction now, the Thompson Residences will include two buildings of 11 and 12 storeys with 314 units and 18 penthouse suites and feature Burdi-Filek styled interiors. Thompson Residence condominium units range from $379,900 to $839,900 and have generated huge excitement as buyers and agents lined up for hours at the sales centre.
Close by to King West you will find Toronto’s entertainment district where a new condominium project is becoming something truly out of the ordinary. The Picasso on Richmond is a joint venture by the Goldman Group and the Monarch Group. Designed by avant-garde architect Stephen Teeple the 39 storey tower will feature multiple white coloured boxes. A random window pattern will be included with treed terraces. If you are searching for something truly unique this urban icon will grab your attention.
Looking for something brand new for your family? Looking for a promising real estate investment? Then you will want to learn more about the Canary District Condominiums by Dundee Realty. Located near the world famous Distillery District and near an 18 acre park, retail shopping, bike paths and more, this district will attract young professionals, families and real estate investors.
With the Pan Am Games slated for July 2015, a Pan Am Village is well underway. The Canary District Condominiums will be the largest urban village in Toronto’s history. The district will include 800 brand new residential condominium units with avant-garde architecture.
With the spring real estate market now underway and Toronto condominium construction in full swing, prospective home buyers now have a world of choice. For more information on these or other real estate districts and projects contact, Shae Invidiata, The Invidiata Team RE/MAX at (905) 339-3444 or email, email@example.com.