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Stellar sellers in GTA condo market
Lisa Van de Ven – National Post
Whether you’re in the market for a big-name amenity-rich condo–hotel, or an intimate boutique building with all of the finest features, Toronto’s luxury developers have something for sale. Here’s what’s on offer in the Greater Toronto Area’s luxury condominium market.
The Residences at the Ritz-Carlton, Toronto
Delayed gratification isn’t your thing? Then The Residences at the Ritz-Carlton, Toronto may be. With the condo–hotel built and occupied, and the amenities up and functioning, there’s not much you’ll have to wait for. “Anyone walking in to buy today gets the full ambience of luxury,” says Barbara Lawlor. And the building by Graywood Developments, Cadillac Fairview and Ritz-Carlton comes with all of the fixings you’d expect from a five-star hotel: There’s 24-hour concierge service, a doorman, valet parking and a spa, to name a few. “Residents can enjoy The Ritz’s legendary service in their home,” says the president of Baker Real Estate, the site’s exclusive broker. Remaining suites range from 1,512 to 6,020 square feet and from $2.1-million to $9.65-million.
One Bloor
If a building’s success starts with its location, One Bloor went in with winning odds. In Toronto, it’s hard to get better than the junction of Yonge and Bloor streets, on two subway lines, close to shopping and a jaunt from Yorkville. Developer Great Gulf created a building worthy of the site. The 75-storey Hariri Pontarini-designed glass-clad tower is now under construction. “It’s beautifully curvaceous,” says Alan Vihant, Great Gulf’s senior vice-president of high-rise. “It has these great lines, great curves, a very sensuous form.” Remaining suites range from 530 to 1,727 square feet and from $534,990 to $1,831,990.
Bisha Hotel & Residences
What exactly is “affordable luxury?” For one, it’s what Lifetime Developments and INK Entertainment were striving for at Bisha Hotel & Residences. And according to Mel Pearl, that meant smaller units and more emphasis on the lifestyle outside the suites’ walls. “We wanted people to be engaged in living beyond their condo,” says the Lifetime principal. “A great place is when the bar and the restaurant is busy.” And the condo-hotel will have a lot of public amenities to keep crowded, including a 24-hour café, a bar and lounge, a casual dining restaurant and a rooftop restaurant. Suites range from 379 to 699 square feet and from $303,900 to $532,900.
Living Shangri-La Toronto
Living Shangri-La may not have the same brand recognition in Canada as it has in Asia, but the Toronto location at University and Adelaide has certainly seen its share of success. The 66-storey condo-hotel is now 85% sold out, with occupancy underway. Buyers have come from around the world. “There’s no specific buyer group – we’ve had all types of people,” says Michael Braun, marketing manager for Westbank Corp., which developed the site with Peterson Group. “There are single people and older couples, as well some who bought a suite for their kids or someone in their family attending university in Toronto.” Suites range from 891 to 4,431 square feet and from $993,600 to $9,322,500.
133 Hazelton Residences
“It’s not really downsizing,” says Sam Mizrahi of the lifestyle he’s offering in the boutique project 133 Hazelton Residences. While many of the site’s buyers are coming from low-rise homes, they’re moving into suites that are nearly 3,000 square feet. “They’re looking at this as the next chapter in their life,” says the president and CEO of Mizrahi Developments. With only 35 units in total, the building, which started construction in July, promises an intimate environment and prime location – in fact, its Yorkville address is a big part of its draw. Remaining suites range from 1,600 to 2,400 square feet and from $1.8-million to $3.2-million.
The Perry
Bigger is not necessarily better. With just 45 units, The Perry may not have the heft of some of Toronto’s other luxury sites, but that’s exactly the point. “We’re truly designing a boutique building in terms of scale,” says Maryam Mansouri. Buyers at the intimate project will still be knee-deep in luxury, though, with a one-year membership to the concierge service Quintessentially in addition to the 24-hour onsite concierge, and a prime Avenue and Davenport location. “It has the essence of peace and tranquility, being in the Annex, yet it’s steps from Ramsden Park, Yorkville, Bloor and top-notch restaurants and shopping,” says the vice-president of site developer Mansouri Living. Suites range from 540 to 1,458 square feet and from $344,990 to more than $3-million.
Trump International Hotel & Tower, Toronto
An international brand doesn’t always mean international buyers, but for the Trump International Hotel & Tower, Toronto that’s exactly the case. About 60% of the condominium–hotel’s buyers are from outside of Canada, which still leaves enough Canadian residents to stock up on maple syrup. And with the building well into construction, those purchasers will be able to start moving in later this year, enjoying services such as onsite catering and the use of two chauffeured S-class Mercedes. “The hotel below and the five-star services are great attributes for residents and really add to their lifestyle of convenience,” says the site’s director of marketing, Howard Tikka. Remaining suites range from 1,310 to 3,273 square feet and from $2.3-million to $6.6-million.
Four Seasons Private Residences Toronto
Think of “luxury” and “Toronto” and there are a few condominium projects that immediately come to mind. For most, the Four Seasons Private Residences Toronto is on the top of that list. The condominium-hotel, first announced in July 2005, is now coming to completion. The hotel itself opens Oct. 5, while condo occupancy has been underway since September. “I know some of the other mixed-use condos have attracted more of an international buyer, but for us it’s been predominantly Canadian – a lot of Torontonians,” says Mimi Ng, vice-president of marketing with Menkes Developments, partner on the project with Lifetime Developments and Alcion Ventures. Remaining suites range from 1,200 to 2,000 square feet and from $1.8-million to $2.7-million.
77 Charles West
Why did developer Aspen Ridge Homes ask architect Yann Weymouth – one of the brains behind the iconic glass pyramid at the Louvre in Paris – to design its luxury building, 77 Charles West? “We wanted out-of-the-box thinking, and something really prominent,” explains marketing director Christene DeGasperis. The gamble paid off. With construction underway, fewer than 10 suites are left of the 52 total. And when occupancies start early next year, buyers will be able to add some design flair to their suite interiors, too. “We’re offering the services of Mike Niven Interior Design to help customize each suite,” Ms. DeGasperis says. Units start from approximately 1,500 square feet and $1,599,990.
The Britt
What was once the Sutton Place Hotel will now be The Britt, a condominium building that’s the newest project by Lanterra Developments. “It’s a project that has a lot of history to it,” says president and CEO Barry Fenton. “When you mention Sutton Place, I bet nine out of 10 people have been through or driven by, so the location is superb.” The former hotspot is being revitalized and expanded, then restyled by Alessandro Munge of Munge Leung, with inspiration straight from Britain’s boutique hotels. Suites range from 334 to 1,300 square feet and from the $300,000s to $1.2-million.
277 Davenport
Toronto’s condo market may be trending towards smaller suites, but Burnac Enterprises never got that memo: Units at Burnac’s 277 Davenport range from large to extra-large. And with just 10 of them spread over seven storeys, you can’t expect to stay a stranger long in this compact condo. “You’re going to know your neighbours,” says president Ted Burnett. Designed by Hariri Pontarini Architects, the building, just west of Avenue Road, is a contemporary mix of glass, stone and bronze. “It’s a unique New York-style building,” he says. Suites range from 1,750 to over 3,600 square feet and from $1,679,000 to $3,395,000.
181 Davenport
Can Mizrahi Developments hit the jackpot twice? They’re betting on it, with the recent release of 181 Davenport, a condominium building adjacent to their 133 Hazelton Residences project. “That block really commanded another building that was complementary to 133 Hazelton,” says president and CEO Sam Mizrahi. With 90 units, the new endeavour is slightly larger than the developer’s first luxury-living foray; buyers can also combine and customize suites. “It’s a European-style building, and offers a similar lifestyle as 133,” the developer adds. Suites range from just under 1,000 to 7,000 square feet and from $500,000 to $7-million.
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Contact the Jeffrey Team for more information – 416−388−1960
Laurin & Natalie Jeffrey are Toronto Realtors with Century 21 Regal Realty.
They did not write these articles, they just reproduce them here for people
who are interested in Toronto real estate. They do not work for any builders.
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Bay Street Corridor
Many of the finest condos in Toronto are along the busy Bay Street Corridor. They’re popular with people employed in the many nearby corporate and financial head offices, hospitals and government offices. The proximity to the University of Toronto makes them a very popular rental for students (and a good buy for investors!).
Living on Bay Street turns downtown into your playground. From Yorkville to the Eaton Centre and Dundas Square, to Kensington Market, Chinatown and a multicultural smorgasbord of restaurants.
Thanks to the recent surge in condo construction, downtown Toronto is becoming a fully fledged residential neighbourhood. Along the Bay Street Corridor, the newest condos are giving the Financial District’s bank towers a run for their money. Among the skyscraping condos are the 65-storey Trump Tower and the 66-storey Shangri-La development – both doubling as luxury hotels. And on the Yonge Street border the 78-storey Aura at College Park tower aims to the tallest residential tower in Canada.

Bay Street Corridor Real Estate Map
Residing along Bay Street means you will be at the centre of everything. Pride Parade Super Soaker fights in your backyard, TIFF starlets at your favourite restaurant and protests at Queen’s Park overflowing onto your doorstep. Whether you consider these good or bad attributes will certainly dictate whether or not you want to live here. The closest this neighbourhood gets to calm is in the Financial District, around King and Bay, which feels eerily deserted after the nightly exodus of suits.
The name of Bay Street dates all the way back to 1797 – it joined Watts Street (Queen Street West) to a bay in the Toronto Harbor. Bay Street area is now home to four out of the five top Canadian banks. Bay Street is also synonymous with the country’s top law firms.
Condos have been going up on Bay Street for 30 years now. Older buildings across from U of T are popular with student renters, while the new luxury buildings on Charles Street attract international investors. There are 25 major Bay Street condos, most centered between Dundas and Bloor – though some are to the south, such as the new Trump Tower.

Bay Street Corridor Real Estate
In recent years, the price of gas has skyrocketed and Torontonians are looking for affordable transportation options. The City of Toronto began planning developments centered on the idea of urban neighborhoods. The plan was to build affordable condos that would place mass transit, shopping, recreation, and childcare facilities within walking distance.
A reverse exodus from the suburbs to the urban center in Toronto began in earnest in the 1990s. Tired of long commutes on congested thoroughfares, city residents gave up their lives in the suburbs for condos closer to their workplaces.
The Bay Street area is part of the development process that is drawing residents back to the city core. The neighborhood is now full of new condos – people can choose from started units up to luxury condos with great views and big prices. But there are affordable alternatives widely available in the area as well.
Medical residents, students, lawyers, doctors and those in the financial industry will find that living in a condo on Bay Street puts them within walking distance to work and everything else. Yorkville is just north, the subway is just to the east.
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Contact the Jeffrey Team for more information – 416−388−1960
Laurin & Natalie Jeffrey are Toronto Realtors with Century 21 Regal Realty.
They did not write these articles, they just reproduce them here for people
who are interested in Toronto real estate. They do not work for any builders.
—————————————————————————————————–
Incoming search terms














Success Tower – 33 Bay Street
