Welcome to Flaire Condos at The Contemporary Urban Village at The Shops At Don Mills.
This one bedroom unit on the 10th floor has one of the best views in the building. The South West Facing view captures the core of Toronto’s cityscape with the CN Tower and surrounding high-rises, the Yonge/Eglinton and Yonge/Sheppard clusters, and the expansive vista of detached homes and landscapes in between. The unit offers a clean layout with functional and elegant linear kitchen, state of the art ventilation system, and movable bedroom corner walls. This fashionably designed unit is ready for you to make your abode with your personal touch and character.
This unit is unfurnished and does include window coverings. Appliances include washer, dryer, stove, refrigerator, cooktop oven, microwave, parking and storage locker. Includes Heat, Water, Air Conditioning, Parking, Storage. Tenant pays for own use of Hydro and Cable/Internet.
Flaire provides great amenities including: 24 hour concierge service, impressive upscale lobby, Gym, Cable, Internet/TV. Movie Screening Room, Rooftop Terrace with BBQ, party room, security guard and lots of visitor parking.
Step outside into the Shops at Don Mills with its upscale shops, restaurants, cafes, VIP Screening Room Cineplex Theatre, Centre Square and the wonderful seasonal sculpture and events. Take a walk to discover nearby walking trails, parks. Very close to DVP and TTC.
This unit is perfect for the young professional looking for lifestyle in a diversified community of fashionable professionals of cultures from around the world. Great place to make new friends, stay at the forefront of innovations and develop your network.
Whether you’re a corporate executive, professional, entrepreneur, writer, artist or social media influencer, this building and this neighbourhood will provide you with both the inspiration and environment to produce, relax and excel. For more information on the neighbourhood visit Living At The Shops At Don Mills
If you’re a AAA tenant, don’t miss this exclusive listing opportunity. Application form, credit check, proof of income and/or employment is required.
Exclusively listed through Baldo Minaudo, MBA, Broker, Real Estate Homeward 416-564-0245
*** Not intended to solicit clients under contract with a broker***
With its charming pedestrian streetscapes and impressive window displays, the Shops at Don Mills offers fashionable retail experience similar to parts of Los Angeles. Most recent additions to its retail offering are specifically designed to cater to a young, discerning, professional and fashion-leading clientele.
Combining sophisticated shopping with contemporary food and drink selections, it offers one of the very finest shopping experiences in Toronto.
The Shops at Don Mills could be the product of a talented planner playing with SimCity4. The neighbourhood reflects an all-encompassing master-planned community that appears to be inspired by classical Roman planning principles. The central marketplace (similar to an Italian Piazza) serves as the central hub for the community. Modern, stylish and yet functional condominiums showcase along the streets surrounding the shops. Also, similar to the European feel, the shops themselves continue to evolve, embracing the latest in chic, pedestrian-friendly, outdoor shopping experience.
Flaire Condos external building design is flowing and curvaceous, drawing comparison to Mississauga’s famous ‘Absolute Towers’. Meanwhile, with inspired, thoughtful and yet practical design details, Flaire’s suite designs capture a “youthful vibe” while maintaining practical functionality and fulfilling demanding requirements of discerning home buyers who value quality.
The surrounding area also contains lots of outdoor spaces, activities and family-friendly amenities, such as Moccasin Trail Park and the Woodcliff Greenbelt.
Toronto Condominium real estate project cancellations have created concerns among realtors and pre-construction condo investors across the Greater Toronto Area. One of many projects cancelled in recent months, the Cosmos Condominiums project in Vaughan (just North East of Toronto) sent a letter this week to investors announcing its cancellation and that it would be refunding deposits.
So why are projects like this being cancelled? The Cosmos had 1,153 units planned, which the developer had previously stated were sold out. In its letter to investors, the developer cited “unsatisfactory financing terms” by lenders. On the other hand, other projects, such as The AvonDale project at 620 Avenue Road might be cancelled due to poor sales. Both reasons are related to the underling developments which are an indication of what to expect next.
It has become less profitable and riskier to own rental property in the Greater Toronto Area.
When I read “unsatisfactory financing terms”, I assume that th e developers are unable to make the type of profit that they would like to make. A number of developments over the last year have increased the cost of construction and ultimately are reducing the supply of new housing in Ontario.
These developments include:
So why is all this happening? All of these were implemented by, or as a result of, government intervention (municipal, provincial and federal). Governments have stepped up their involvement in the market because foreign speculators of Toronto area estate have pushed up pricing beyond what local residents can afford. The federal government has been concern that Canadians are over leveraged and have been borrowing against the equity in their homes, which spiked along with the speculation that has been taking place.
As a result, whereby the federal government has made it harder to borrow money for home purchases, the Ontario government has made it less appealing to own rental property.
The bottom line is that increased costs, decreasing interest from foreign speculators and increasing difficulty for local residents in obtaining mortgages is making it increasingly difficult to make a profit in the real estate development. Developers have been designing smaller and smaller condo units to keep the selling price affordable.
Since condo units can’t get much smaller and still provide a decent lifestyle, what choice do developers have?
“The Condo Bidding War, Part 2” – Real Estate Vlog by Baldo for May 20, 2017
In this vlog I discuss the condo unit that I just showed and provide insight into some details that are often overlooked when condo shopping.
Please leave your comments and questions, as well as topics for future vlogs.
“The Condo Bidding War, Part 1” – Real Estate Vlog by Baldo for May 20, 2017
In this vlog I discuss a bidding war that took place on Tuesday for a condo unit in the Yonge/Finch area. Though we were told there were 4 offers registered just before cut-off, there were 12 bids presented later at the office. Please leave your comments and questions, as well as topics for future vlogs.