Tag Archives: residential buildings
Mizrahi Developments’ Toronto condo project defies Canada’s softening real estate trend
Toronto’s condominium sales may be cooling overall, according to the latest figures from the Canadian Real Estate Association, but there’s a hot spot in Yorkville that’s defying the sharp downward trend in the hardest hit segment of the market, producing sales results that one expert called “revolutionary.”
In October 2012, at a time when the condo market’s fast-cooling trend was creating significant trepidation and fears of a severe correction, Mizrahi Developments launched 181 Davenport, a building of 110 units, in Toronto’s Yorkville neighbourhood. Amidst gloomy media reports about a persistent downturn in the condo market and uncertain economic conditions, 181 Davenport has defied market predictions. In just over 60 days of the launch date, over 50% of the residences have sold. Occupancy is scheduled in 2015.
At the start of January 2013, Mizrahi Developments achieved a weekly record in dollar-figure sales with customers purchasing homes at both 181 Davenport and Mizrahi Developments’ adjacent luxury condo building, 133 Hazelton.
Mizrahi Developments entered the luxury condominium market in Toronto in the fall of 2011, when it launched 133 Hazelton in Yorkville, a mid-rise boutique building on the northern edge of Toronto’s mid-town heritage neighbourhood with 35 residences and three townhouses. Within the first 60 days, over 50% of the residences had sold. When construction began in June of last year, 95% of the building, on schedule for occupancy in 2014, had sold in less than 9 months.
Sales in luxury residential buildings, which constitute the top 5% of the condominium market in Toronto, have slowed in excess of the rest of the condo market, which has seen a 30% decline in sales, quarter over quarter, since 2011, according to Ben Myers, editor and executive vice-president of Urbanation Inc, a market research firm specializing in condominium development in Toronto. “In 2007 and 2008, there were very strong sales in the luxury Toronto market with the new Four Seasons, The Ritz Carlton, the Shangri-La, Museum House and 77 Charles, but there has been significant cooling since then, and some projects have had to be pulled from the market. Mizrahi Developments has been extremely successful in the face of this slowing in the luxury market,” says Mr. Myers.
Mizrahi Developments, which has experience in real estate development and the building of luxury homes in Toronto, entered the condominium market in 2011, offering homes with unique features such as indoor/outdoor fireplaces and a high degree of custom-design flexibility, provided at no extra cost. They became known for superior standard finishes and a degree of craftsmanship reminiscent of another era.
At 133 Hazelton, condominiums were priced over $1,250 per square foot. The largest suite is 4,125 square feet with a panoramic view and over 2,000 square feet of outdoor terrace. 181 Davenport offers suites ranging in size from 7,000 square feet to 750 square feet. The average price in the building is $1,000 per square foot.
“At a time of economic uncertainty, we created certainty with a quality product with superior craftsmanship in Toronto’s most valuable location,” says Sam Mizrahi, president of Mizrahi Developments. “Toronto is transforming itself into an international city. The immigration behind Canada’s growth was driving an international style of building. That’s what we went out to create: an old-world style of building with craftsmanship that reminds people of a more international, European sensibility,” explains Mr. Mizrahi. “People were looking for homes, not condominiums, and so we made sure we provided the kind of finishing details that you would find in luxury homes. It’s about perfection. That’s what luxury is.”
“The rate of sales success that Mizrahi Developments has had is revolutionary, not at all the norm in a market of high-end customers, who are the ultimate discretionary buyers. They buy not because they need to, but because they want to,” says Mark Cohen, founding partner of The Condo Store, who has worked in the Toronto condo development market for 30 years. “With many luxury projects, many people don’t want to buy until they can see the completed building. But with these projects from Mizrahi, the customer recognizes the value of the location combined with the attention to detail and the ability to custom-design their spaces. Mizrahi Developments has created buyer confidence, and their Yorkville projects are a testament to the high-end discretionary buyer wanting and recognizing something better.”
“What this sales shows is that when you see a slowdown in condo sales generally, you do not see a slowdown when you’re dealing with a real quality project that’s giving people what they want,” comments Jimmy Molloy, sales agent with Chestnut Park Realty in Toronto. “Mizrahi Developments has a great understanding of what the market wants. They read the market and then they respond with the right product.”
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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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Trefann Court
Trefann Court is a quiet little pocket of homes located in the downtown section of Toronto. This affordable Toronto neighbourhood includes a mix of both public and private housing. The newly revitalized Regent Park neighbourhood is located to the north and the historic Corktown and St. Lawrence neighbourhoods are located to the south of this neighbourhood.
Trefann Court is a residential neighbourhood, located east of Yonge Street and south of Regent Park South. It is bounded by Queen, Parliament, Shuter, and River Streets. Trefann Court derives its name from one Trefann Street, which is located in the eastern part of the neighbourhood.
Most of the Trefann Court houses were built in the late 1800s and conform to the Victorian architecture style. The newer 2-to-3 storey homes peppered throughout were designed to fit in seamlessly with the older ones. Recently, some of Trefann Court’s industrial buildings have been converted into funky lofts.
The 1800s marks the time when Trefann court first emerged and it was geared towards the working class. In 1966 city planners, as a result of the deteriorating condition of the local properties, decided on demolishing and rebuilding the entire area.

Trefann Court Real Estate Map
The plan for the reconstruction of the neighbourhood, designed by Eugene Faludi in 1956 and prepared for Industrial Leasehold Co. Ltd., the owner of the industrial building, along with city-approved schemes, included the demolition of all residential buildings in the area. The western section of the area would be used to build new housing, while the eastern part would be sold off for industrial purposes.
Loyal residents, with the help of the future Toronto mayor and young lawyer John Sewell, stood firmly against this plan in order to save their beloved neighborhood. In opposition, they came up with their own area development plan. The plan included restoration of decrepit homes or tearing down and reconstructing those which could not be renovated. Thankfully, their efforts were rewarded in 1972, when the city council approved their plan.
This little local reconstruction victory was significant not only for Trefann Court, but for Toronto, as a whole, as well. It introduced a new approach to the planning of city development and reconstruction. People started to take more interest in the process and the government’s role had become less pivotal. Consequently, many of the historic city spots were preserved and restored.

Houses on Trefann Street
Trefann Court is a community that managed to stem off the destructive nature of postwar urban renewal. Along with a small section of River Street, it is one of the surviving remnants of (old) Cabbagetown, of which ninety percent was torn down in the 1940s and ’50s to make way for the north and south sections of Regent Park.
Following the construction of Regent Park, the craze for inner-city revitalization went further: in addition to Trefann Court, the city also eyed Don Vale (now referred to as Cabbagetown) and Kensington Market as possible candidates for demolition. In the 1950s, the area was characterized by its nineteenth-century row houses, industrial plants, and retail stores near Queen and Parliament Streets. There was also a new industrial structure at Sumach Street. It was a working-class neighbourhood, which unlike the nearby Don Vale, did not possess a quaint Victorian charm, and did not attract any middle-class residents.
For a nice and a peaceful living, Trefann Court is an ideal place. Here you have everything that is needed for leading a normal life. Trefann Court has few restaurants, coffee shops and few businesses. Also this area can proud itself with few human and social service organizations that are here to help people and that are non-profit.
For those who like to spend quality time while relaxing from work, there is a gallery just few steps away. This small neighborhood will give you everything you need, you just need to picture yourself living in it. Take a walk and decide if Trefann Court is the right place for you and your family.
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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
St. Lawrence Market
The St. Lawrence Market neighbourhood is known for its unique and vivid architectural style as well as for the thriving Market itself. The area used to serve as an industrial port back in the early 1900s. It had been neglected for decades when, in the 1970s, Toronto refurbished the area.
This is where Canada’s Confederation began – in the notable St. Lawrence Hall building, near the hub of today’s downtown. One of its landmarks, the Flatiron Building, was built before its younger (and more famous) brother in Manhattan. Today, this thriving pedestrian-friendly community is a rich blend of modern condominiums, historically significant buildings, and fine shopping, dining and entertainment. The neighbourhood is safe, with people walking about all hours of the day and night enjoying entertainment, taking public transit, and socializing.
This historic neighbourhood wears its heritage on its sleeve. Downtown condominiums and lofts in the St. Lawrence Market and Distillery District are often an intoxicating blend of the vintage and contemporary. Many still bear their original brick and stone facades, stately reminders of York’s industrial and financial past.

St. Lawrence Market Real Estate Map
With very few options to choose from, St. Lawrence Market condos are definitely in high demand. The St. Lawrence neighborhood was the actual downtown center and city hall location for Toronto during the late 18th and entire 19th century. The area is bounded by Yonge Street to the west, Parliament Street to the east and The Esplanade to the south. The area is also referred to the St. Lawrence Market, synonymous with the large retail vendor market which is the neighbourhoods focal point on weekends.
The area boasts one of Toronto’s best loft conversions (the St. Lawrence Market Lofts at 81A Front Street East) and condos – as well as many great shops, cafés and restaurants. This is one neighborhood to keep on the radar when searching for your new home.
The St. Lawrence Market neighbourhood has long been considered one of the most desirable places to live in Toronto. The area offers a wide range of modern conveniences in a unique atmosphere that owes much to its past. Today’s St. Lawrence Market is at the heart of a vibrant commercial, retail and residential neighbourhood that is home to an amazing variety of restaurants, pubs, theatres, sports and recreational activities, churches and historic structures.

St. Lawrence Market
At it’s heart, the 200+ year old historic St. Lawrence Market is surrounded by numerous other historic structures such as the Gooderham Flatiron building and St. James’ Anglican Cathedral. There is easy access to public transportation and major highways.
One of two major markets flourishing in Toronto, (the other being the grittier Kensington Market) The St. Lawrence Market is one of the 25 best markets in the world according to Food & Wine Magazine. Home to over 120 specialty merchants offering a cornucopia of fresh food, natural locally grown produce and a variety of goods, this emporium is a popular destination for shoppers from all over the city.
There is a distinct neighbourhood feel to this area, even though you’re right in the heart of downtown, minutes to the Financial District, restaurants, the Eaton Centre and Distillery District. The residential buildings are mainly low-rise and mid-rise – some with lots of amenities, others with very few. This neighbourhood is as diverse as it is fabulous, easy to understand why it continues to grow in both value and appeal.

St. Lawrence Market Condos and Lofts
Those considering a move to St. Lawrence Market will have no trouble furnishing their new digs; especially along King East, there is a high concentration of furniture-meets-art shops with home décor ranging from practical condo-sized sectionals to pricey, custom designed mirrors. Huge glass windows invite passerby to come in and try out the couches at shops such as Norwalk Furniture, EQ3, Trianon, The Penthouse Furnishings, and Italinteriors.
In 1803, following recommendations made as early as 1796, Governor Peter Hunter issued a proclamation that the land bounded by Front, Jarvis, King and Church streets be officially designated the “Market Block”. Since that time, the Market Block, expanded to include the land created by landfill south of Front Street, has been a centre of government, commerce and social activity, first for the city of York, and then for Toronto. Since 1901, the South St. Lawrence Market has been known primarily for its fruits, vegetables, meat and cheese, with the main and lower levels showcasing over 50 specialty vendors known for the variety and freshness of their fruit, vegetables, meat, fish, grains, baked goods and dairy products, as well as for the uniqueness of the non-food items for sale.
The North Market is primarily known for its Saturday Farmers’ Market, a tradition begun on this site in 1803 and continuing today, as the producers of Southern Ontario bring their seasonal produce to market in the city. On Sundays, over 80 antique dealers fill the North Market and the surrounding plaza, displaying their wares from dawn to 5 p.m. Admission is free and the area is often crowded with people browsing tables filled with everything from hand-blown glass to antique watches.

Historical St. Lawrence Market
St. Lawrence Hall, built in 1850, today houses retail businesses on the ground floor and City offices on the second floor. The third floor, restored in 1967 as the City of Toronto’s Centennial project contains the Great Hall which, with the ancillary rooms, is available for rent.
The St. Lawrence Market Neighbourhood also offers a variety of historical sites, landmarks and present day tourist destinations. Adding to the sights, the local Business Improvement Area supports a summer flower and Christmas decoration program utilizing 150 Victorian lampposts throughout the neighborhood. Popular local attractions include the Cathedral Church of St. James, whose bells are heard on the hour; the Flatiron Building, often photographed; the Hockey Hall of Fame; and the Sculpture Garden on King Street, showcasing contemporary seasonal outdoor artwork.
The area just east of the Market is characterized by large, imposing buildings such as the home of the Canadian Opera Club, the behemoth Toronto Sun headquarters with its half-block wall mural, the Police Building and the Imperial Oil Opera Centre. The old brick fronts of these buildings have a distinctly New York feel, augmented by the seagulls whose cries lend a slightly melancholy tinge to the air.
The neighbourhood is a commuter’s delight, with the frequent service King streetcar, Sherbourne bus, and King subway all within walking distance.
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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

















