Tag Archives: public transportation
Robyn Urback – blogTO
101 Erskine is another giant condo set to arrive at Yonge and Eglinton (unfortunately becoming known as the one without the 31st-floor cantilever pools). A Tridel project, this condo will be another uber-huge-glass-structure, climbing 32 storeys and boasting 10 signature townhomes. With units ranging from studios to two-plus-den suites, this building will be plush with fancy amenities including an infinity pool. Which, granted, is just not as cool as a cantilever pool. Here’s a closer look at 101 Erskine.
Let’s face it; Yonge and Eligible is never going out of style (though I’ll concede that that neighbourhood nickname is way past its prime, and even I’m ashamed to still use it). Whether or not you believe in the prophesized soon-to-burst condo bubble, I really can’t see how you could go wrong with a long-term investment at Yonge and Eglinton. And with the area poised to receive the new LRT line (hopefully alleviating some of its God-awful 5 p.m. traffic), public transportation in and out of the community should get a little easier. A good thing for those who don’t want to spend the cost of a car to park their car at their condo.
Now, if you look past the fact that this neighbourhood is in dire need of a good grocery store (shopping at the Yonge Eglinton Centre Metro is just terrible), this area really has everything. There are plenty of restaurants, shops, cafes, and even a movie theatre all within walking distance, and while the area doesn’t have the indie appeal of, say, Ossington or Parkdale, it does offer a multitude of options. I know I’m setting myself up for crucifixion here but I don’t care–sometimes you just need an Ice Capp from Timmies. There, I said it, and I regret nothing.
Onto the actual units. I’m pleased to say that 101 Erskine seems to offer the most livable studio suites among any of the new condos I’ve seen so far. While still measly in terms of square footage, the studio layouts do include sleeping “nooks” with 6-foot-high walls and an extra closet, creating the illusion (I suppose) of a bedroom without actually having one. Perhaps it does cut down on a feeling of “openness,” but I’ve lived in a bachelor suite and I can say with conviction: no one likes to look at the pile of dirty dishes in their kitchen from their bed when they’re trying to fall asleep. Good job, Erskine.
And one last boon: big balconies and lots of light in most suites is always a plus. A diversity of floor plans (with several larger units) means this building won’t reflect a homogeny of single young professionals. Move to Richmond Street for that.
Yonge and Eglinton is already a cesspool of congestion. I can only imagine what it will be like in, say, five years time, when this condo, plus the thousand-or-so units at E Condos, plus Madison Condos, plus others, are occupied. Nevermind that there are already two high schools in the area and a handful of recently completed projects. Better get used to knowing absolutely no one in your neighbourhood.
As for the condo itself, 101 Erskine ails in the same ways most new condos do nowadays. In the kitchens, you have those awful appliance walls with minimal counter space. As most of the suites have been laid out, there’s barely enough room for a table and space to squeeze by. Nevermind storage for dishes, small appliances and, you know, food. Yes, Yonge and Eglinton has lots of great restaurants, but at $600 per square foot, I’m thinking some new residents might want to eat in.
I’d also be slightly wary about condo fees. Artificially low for now, upkeep for all of those bells and whistles is bound to catch up with unsuspecting infinity-pool-enthusiasts sooner or later. Speaking of, why does this condo have its own billiards room with countless nearby bars equipped with their own? And a theatre room when there’s a movie theatre a few blocks away? Convenience is one thing, but I’d much rather take a walk and pay per use, than pay monthly fees for amenities I might never use.
It’s a non-negotiable that, if you’re willing to sign on, you must love Yonge and Eglinton, whatever your reasons, and should be prepared to share your beloved area with thousands of new neighbours. But seriously, can we get another grocery store?
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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Not even those in Toronto may know how good they have it when compared with the rest of the world
By Barbara Lawlor – Toronto Sun
This is a particularly busy year for me when it comes to travel. Since January, I have visited Ft. Lauderdale, Miami, Atlanta, New York and most recently, Moscow. What a diverse range of cultures and new home markets.
Once again, I was reminded just how prominent Toronto is on the world stage as a desirable residential destination. I was also made keenly aware of how respected Canadians are as knowledgeable consumers, and what an optimum time it is to consider purchasing a second or vacation home in the United States.
Traveling in the U.S. is an eye-opener, with buildings sitting vacant and e-mails pouring in about properties being devalued because of the depth of that country’s recession.
In addition to the traditional Canadian practice of buying property down south to enjoy a warmer climate during the winter, we understand the value of owning real estate throughout economic fluctuations.
We are also used to putting down a substantial amount as a deposit and planning well for carrying a mortgage. And of course, our banking system is much sounder than in the United States. In fact, we have five of the top 10 world banks right here in Canada. Talk about having our act together.
We not only came through the recent recession relatively unscathed, but also condominium sales in the Greater Toronto Area roared back.
According to Urbanation, sales during the first quarter of 2010 represented the highest-ever number of first quarter new unit sales in the history of the Toronto Census Metropolitan Area, and were nearly six times higher than the first quarter of 2009. Canadians realize that even with occasional economic dips, real estate increases in value over time. And right now, buyers can own a vacation home in Atlanta, California and Florida for prices that will never be seen again.
As for Toronto’s popularity with immigrants and foreign investors, our sound, stable economy is high on the list of desirable features, along with our peaceful democratic society.
And as I have said time and again, our prices in Toronto are still undervalued on a world scale. For a second home, vacation home or investment property, a condominium in our city is extremely appealing to Eastern Europeans. The Russians were impressed with the quality and choice we offer here as well.
Another big draw is the fact that Toronto is one of the world’s most cosmopolitan cities — and one of its safest. In fact, a recent report ranked Toronto second only to a city in Slovenia with a population of 267,000, and we have 5.5 million people.
Envy of the world
And of course, our lifestyle is the envy of the world, with excellent schools, world-class shopping and entertainment, and some of the most inspiring cultural institutions on the planet.
No wonder so many immigrants want to move here and investors want to place their money in our condos.
At Baker Real Estate Corporation, we have realtors approaching us from a remarkable array of continents and countries such as Asia, India, United Arab Emirates, Russia, Sri Lanka, Thailand, France, Belgium, Germany, Ireland, New Zealand and Australia.
These people embrace the concept of condominiums, because they’ve grown up in high-rises in major urban centres. They are used to apartment-style living in the hub of the city, with jobs, public transportation and amenities at their doorstep.
Many buyers own properties in cities around the world, and for them a condominium suite is handy when they’re here on business or on holiday. For some, it may be a compact pied-à-terre; others prefer a spacious penthouse to use for the same purpose.
The more I travel, the more I appreciate what we have here — literally one of the best lifestyles anywhere. We enjoy on a daily basis what many people around the world only dream of.
Whether you live here full time or just part of the year when you’re in the city on business or vacation, Toronto is a wonderful place to call home.
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