Toronto Condo and Real Estate Blog

Bliss Condominiums are located in Liberty Village, which is south of King Street and West of Strachan Avenue. Liberty Village is a new 45 acre neighbourhood with easy access to downtown Toronto, as well as the Lake Shore and Gardiner. Nearby is the Martin Goodman trail - ideally suited for running, biking or rollerblading.

Liberty Village is unique is a new development project in that it is encompassed with century-brick warehouse buildings now converted to office and recreational use. Numerous amenities such as a sizable 24-hour Dominion grocery store, video stores, health club, cafes, restaurants, design stores, are all within a short walk. This is an ideal new neighbourhood in downtown Toronto.

Bliss Condominiums is the second building of the Liberty Towers project. It is built by Can Alfa Group - the same group have built the wildly successful Liberty Townhomes in the immediate vicinity. The Bliss Condominiums will be a 20-storey tower and will be joined to the first Liberty Tower via a 10-storey podium. This 10-storey podium will house unique loft-style units.

The suites will be a range of studio, one-bedroom, one-bedroom + den, and two-bedroom layouts and will extend in size between 381 square feet to 1,492 square feet. Occupancy is slated for 2009. If you are looking to get a foothold in a great project in Toronto this is an opportunity for you.

The suites feature many loft-inspired elements such as high-ceilings, large windows, and have strip laminate hardwood floors in the living and dining room and den. The strip laminate is typically an upgrade in many condo developments, but you get this upgrade as standard.

The building will feature amenities such as an indoor swimming pool, a fitness centre, a yoga studio, a shared outdoor terrace area, whirlpool, party room and two guest suites.

The Bliss Condominiums site is located within walking distance of the shops and restaurants of King Street West and Queen Street West. As already mentioned, there is a 24-hour Dominion grocery store and a range of other retail outlets within Liberty Village itself.

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Canada Mortgage and Housing Corp. says existing home sales as measured by the MLS will drop from 483,609 in 2006 to 464,550 units in 2007 and 449,200 units in 2008.

Similarly, after five years of strong growth in house prices, the rate of increase in the average MLS price will moderate to 5.9% in 2007 and 3.3% in 2008 as existing home markets move toward balanced conditions, says CMHC.

The strongest price growth will be in Western Canada; with the average  price in Alberta growing by 13.3% in 2007, after having increased by 29.5% in 2006. Average prices in Ontario and Quebec will grow by 3.2% and 4.1% in 2007, respectively, forecasts the federal housing agency.

Housing starts will moderate this year to 209,500 units after reaching 227,395 units in 2006, says CMHC. Although residential construction will decline, 2007 will mark the sixth consecutive year in which housing starts exceed 200,000 units. Starts will ease further to 195,500 units in 2008, it says.

“Construction activity will continue to moderate as demand for home ownership moves toward more sustainable levels,” says Bob Dugan, chief economist at CMHC, in a news release.

“Most of the pent-up demand that built up during the 1990s has been absorbed, and higher mortgage carrying costs due to continued strong price growth and modest increases in mortgage rates will contribute to the slower pace of new home construction both this year and next.”

The average rental apartment vacancy rate in Canada’s 28 major centres decreased slightly by 0.1% to 2.6% in October 2006 compared to October 2005, says CMHC. The agency says that favourable employment conditions, high levels of immigration, and the increasing gap between the cost of renting and owning will continue to exert downward pressure on vacancy rates.

Nevertheless, many renter households will continue to be drawn into home ownership, it says. As a result, the vacancy rate will remain essentially unchanged, inching up to 2.7% in both 2007 and 2008.
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The focus is elegance and harmony. From the stunning exterior to the interior features and details which have been designed to reflect the philosophy that your home is your corner of the world - a place where you can restore the balance between mind and body. Five Nine on Richmond borders the fashion and entertainment districts steps from the city’s financial centre and its finest theatres, restaurants, nightclubs and shops.

Five Nine on Richmond makes a bold architectural statement of style and distinction. Rising majestically above Richmond Street, its facade of glass, steel and concrete radiates a contemporary elegance. The views of the downtown and waterfront landscapes are spectacular. Floor-to-ceiling windows, nine-foot ceilings, large balconies and exposed concrete complement the timeless exterior design. Harmony and grace characterize Five Nine on Richmond.

The exquisitely designed interiors achieve a perfect balance between form and function. Rich wood paneled textures, natural stones and marbles and floor-to-ceiling frameless glass walls are accentuated by muted lighting, five nine on richmond will achieve a warm and refined edge-a “spa-like” feel.

The experience continues as you enter the luxurious suites-a combination of efficient use of space with outstanding features such as custom-designed cabinetry finished in a variety of contemporary materials, stone countertops, under-mount sinks, stainless steel appliances, great lighting and hardwood flooring. Here is the heart and soul of living. When it comes to the art and theatre, Five Nine on Richmond puts you right where you need to be.

Five Nine on Richmond is located at the comer of Richmond and Portland Streets, the nucleus of Toronto’s most fashionable and eclectic shopping district. From couture fashion to designer home furnishings or second-hand treasures to funky antiques, Queen West has it all. Soak in the street-level excitement of Chinatown and Harbourfront or relax at an art gallery or the park.

The Five Nine on Richmond collection consists of one-bedroom-and-den and two-bedroom suites, ranging in size from 501 to 1,019 square feet. In addition, there are two fabulous penthouse suites with direct elevator access, private rooftop terraces and spectacular views of the city. At 1,418 and 1,593 square feet, these penthouse suites are priced accordingly.

Building a unique personality, the team behind Five Nine on Richmond is an assembly of inspired minds-combining the talents, resources and the decades of experience of renowned professionals. 59 Developments Inc. is a leading-edge corporation specializing in the development of boutique-style condominium projects in premier downtown locations. The architects, Core Architects Inc., is the architectural design team behind some of Toronto’s most popular downtown addresses. The interior designer, Burdifilek Interior Design, is one of Toronto’s foremost design teams, with a diverse portfolio of award-winning work for range of clients.

Five Nine on Richmond makes a bold architectural statement of style and distinction. The dramatic facade of glass, steel and concrete radiates a contemporary elegance.

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Contact the Jeffrey Team for more information