Condo Lease info for Greater Toronto – January/2012

Toronto, January 20, 2012 — Greater Toronto REALTORS® reported the leasing of 4,664 condominium apartments during the September to December 2011 period – up two per cent from the 4,563 units leased during the same time-frame in 2010. While the number of transactions was up, the number of apartments listed for rent through TorontoMLS during the last four months of 2011 dropped by seven per cent compared to the same period in 2010.

“The rental market for condominium apartments is very tight in the Greater Toronto Area. Growth in rental transactions outstripped growth in listings throughout 2011, even with strong condominium apartment completions,” said Toronto Real Estate Board President Richard Silver. “In line with tightening market conditions, the CMHC condominium apartment vacancy rate for the GTA dropped in 2011. The end result was robust increases in average rents.”

Average condominium apartment rents for one-bedroom and two-bedroom apartments rented during the September through December 2011 period increased by four and five per cent respectively in comparison to the same period in 2010. The average annual rate of increase for one-bedroom and two-bedroom rents was above the rate of inflation in the second half of 2011.

“The number of renters looking for apartments with modern finishes and amenities has steadily increased. The main source for these types of units has been investor-held condominium apartments. As renters have flocked to this segment of the rental market, upward pressure on rents has increased,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Rental Market Summary Tables: September – December 2011
Apartments
All Bedroom Types				Bachelor				One-Bedroom				Two-Bedroom				Three-Bedroom
Listed		Leased		Leased		Avg. Rent		Leased		Avg. Rent		Leased		Avg. Rent		Leased		Avg. Rent
2011	7,930		4,664		109		$1,289		2,465		$1,564		1,954		$2,062		136		$2,236
2010	8,483		4,563		129		$1,211		2,457		$1,498		1,874		$1,958		103		$2,225
Yr./Yr. % Chg.	-7%		2%		-16%		6%		0%		4%		4%		5%		32%		0%
Source: Toronto Real Estate Board
Townhouses
All Bedroom Types				Bachelor				One-Bedroom				Two-Bedroom				Three-Bedroom
Listed		Leased		Leased		Avg. Rent		Leased		Avg. Rent		Leased		Avg. Rent		Leased		Avg. Rent
2011	712		348		2		$1,313		31		$1,341		112		$1,759		203		$1,945
2010	744		343		4		$1,131		28		$1,308		97		$1,671		214		$1,771
Yr./Yr. % Chg.	-4%		1%		-50%		16%		11%		2%		15%		5%		-5%		10%
Source: Toronto Real Estate Board

Parkside Towers (B2) – World On Yonge

Parkside Towers (B2) is in the final phase of residential condominium buildings in this mixed use development called World On Yonge.  Located just a couple of blocks north of  Steeles on the East side of Yonge St. is a master planned mix of commercial, residential and retail shopping that will change this area of Toronto forever.

Currently under construction with closings for Januray of 2015 and later you will need to be a long term planner to get in on these units.

All of the suites will have 9′ high ceilings and laminate flooring through-out. The suites will be finished with European style kitchen cabinets,granite countertops, Ceramic Backsplash, 4 Stainless Steel appliances plus white stacking washer/dryer. Hydro is not included in the $0.49/sq. ft. maintenance fees since each unit will be metered individually.

Amenities include Party/Multi function room and a membership in Club Liberty which includes an exercise room, whirlpool, indoor pool, sauna and change rooms, card and billiard room as well you will be ablt ot BBQ on the outdoor green roof terrace.

There are 211 suites over the 18 floor levels of this building

1 Bed – One bedroom suites start at $267,000 (530sq.ft.) and go as high as $277,000 (559 sq.ft.)

1+1 – One bedroom + Den start at $312,000 (610 sq.ft.) and go as high as $371,000 (755 sq.ft.)

2 Bed. – Two bedroom suites start at $397,000 (770 sq.ft.) and go as high as $422,000 (870 sq.ft.)

3 Bed – this suite is on the 2nd floor and sells for $446,000 for 998 sq.ft. of space.

3 Bed + Den – this suite sells for $656,000 (1,250 sq.ft.) and is available on the 16th, 17th, 18th and Penthouse levels.

Parking spots currently sell for $28,000 including HST.

 If you have an interest in buying or selling in the North York, Richmond Hill or Markham area and would like to discuss the current market, please  fill out this contact form or call me directly at 647-295-4854.

To search 100’s of Condos currently for sale – Click Search Markham / Richmond Hill MLS Listings and contact me for up to date details and market analysis.

RE/MAX Hallmark Listings – January 18, 2012

Keep up to date with our new listings from across the GTA. See what other properties are listing for in the different areas. For further information on any of these properties contact Jeff @ 647-295-4854

New RE/MAX Hallmark Listings

January 18th, 2012

Yonge:

Property:    223 Webb Drive #3208

MLS #:        W2268545

District:       Mississauga

Price:           $1,350/Month

Property:    375 King Street W #403

MLS #:        C2268188

District:        C01 – Waterfront

Price:           $289,900

Property:    375 King Street W #403

MLS #:        C2268197

District:        C01 – Waterfront

Price:           $1,400/Month

Mt. Pleasant:

Property:    1 Lomond Drive #201

MLS #:        W2267429

District:        W08

Price:           $1900/Month

Property:    5 Chester Avenue

MLS #:        E2267902

District:        E03

Price:           $749,000 

Property:    945 Ormond Drive

MLS #:        E2267324

District        Durham

Price:           $429,900         

Property:    33 Wolverleigh Blvd

MLS #:        E2268219

District:        E03

Price:           $649,900

Pape:

Property:    74 Wolverleigh Boulevard

MLS #:        E2268233

District:        E03

Price:           $1900/Month 

Property:    111 Lindsay Avenue

MLS #:        C2268193

District:        C01

Price:                    $575,000 

Property:     2GladstoneAvenue PH803

MLS #:        C2268291

District:        C01

Price:                    $429,900

Queen:

Property:     4ASammon Ave

MLS #:        E2268608

District:        E03

Price:           $599,900

Property:    66-76 Kippendavie Ave #219

MLS #:        E2268511

District:        E02

Price:           $424,900

Property:    66-76 Kippendavie AvePh# 409

MLS #:        E2268514

District:        E02

Price:           $879,900            

Property:    30 Hibbard Dr

MLS #:        E2268297

District:       Ajax

Price:           $319,000    

Property:    750 Glencairn Ave

MLS #:        C2268541

District:        E04

Price:                     $1,699,000

Property:    361 Front St #2609

MLS #:        C2268525

District:        C01

Price:           $369,800

Property:    1531 Narva Rd

MLS #:        W228513

District:       Mississauga

Price:           $1,799,000

Miracle at Yonge

Miracle at Yonge is a gorgeous condominium located on King William Crescent in the Red Maple and Bantry area within 1 block of Yonge Street.

There is a variety of  1 Bed.(625 -670 sq.ft.) , 1 Bed + Den (710 sq. ft.) and 2 Bedroom suites (890 – 960 sq.ft.)  available to choose from.

All suites are equiped with 4 Stainless Steel appliances in the kitchen and a White Stacking Washer/Dryer for the laundry. Kitchens are nicely finished with granite countertops, undermount sink and ceramic backsplash.

Laminate flooring is standard in the living areas with broadloom in the bedrooms and den areas. 

Prices start around the mid $200,000 and include 1 parking spot and 1 locker.

Add to this a fabulous amenity component – like party rooms, with catering kitchen and bar, a media/billiards room, a full exercise studio with a yoga/pilates room, a 24-hour concierge.

You are within easy walking distance of shopping, dining and entertainment. Major transportation links include Hwy 404 and Hwy 407, GO Train to Union Station and direct GO Transit and York Region Transit bus service straight to the TTC subway at Yonge & Finch.

With stylish parks and well equipped playgrounds throughout the area, there’s wonderful green space for everyone to enjoy all year round.

MISTA – Markham International Sports Training Academy

Markham has a plan to elevate the future of amateur sport in the province and create a level playing field for Ontario athletes, with great big dreams.

 The Markham International Training Academy (MISTA) is innovative multi-sport training facility devoted to athletes dedicated to aspiring young athletes with national, international and Olympic dreams.

 After several years pouring over ground breaking ideas, Markham planners have come up with an exceptional model for the long overdue Canadian Sports Training Academy – (Canadian Sports Institute Ontario)

So far, Pan Am planners have failed to come close to fulfilling the promise of accessible, stand alone, sustainable facilities for 2015, Markham’s CSIO proposal is second to none.

 MISTA in Markham — is a vision of what Sport Facilities will become.

 We believe this is the most exciting concept for sport in decades.

• MISTA will be — a Game Changer for athletes at every level
• Ease of access in the GTA GO Transit–the 404 and 407 highways
• Adjacent  Bill Crothers Secondary a Sports centric High school
• Pan Am 2015 is not just a project  it must leave a legacy for sport
• A total sports environment  with Office space for all organizations
• Medical testing, and training facilities for all sports on site

 

We feel Provincial and National Organizations possess a huge influence on future plans for legacy facilities, simply because dedicated volunteers provide invaluable support for a multi-sport games.

#11 Oneida Crescent, Richmond Hill – 1+1 Condo Available

 

This beautifully decorated 1+1 condo is currently available for sale.  A great starter unit for the single person or the young couple embarking on a life together. The additional living space can be used a dining room as shown in the pictures or as a work at home office separate from the living/dining area.  Located on an upper floor and facing east across Red Maple you get the early morning sunshine and a pleasant view of the recently completed park area.  The exterior balcony featuring glass see through safety panels is accessable from both the living room and bedroom through sliding doors. This balcony design is the largest available on any of the suites in the building. The kitchen includes an upgraded fridge, stove and dishwasher.

The unit includes: 1 parking space, 1 locker, and an ensuite laundry featuring stacking washer and dryer units.

The building amenities include: Move-in room, mail room, 2 furnished Guest Suites. The central lobby and 24 hour Concierge are shared with the sister building 23 Oneida.

The indoor recreation amenities include an entertainment room complete with kitchen and bar area, an equipped exercise room, Men’s and women’s change rooms, cards room/library and a billiards room.

Priced in accordance with current market conditions this condo is an excellent value and the sellers are willing to work with a closing date to suit your needs. To view this beautiful unit or for any additional information please contact Jeff at 647-295-4854.

5 Weldrick Road – Richmond Hill Condo

5 Weldrick Road – This 7 storey building located in the heart of Richmond Hill offers both 2 and 2+1 bedroom configurations for suite design. It is close to shopping, restaurants, movie theatre, swimming pool, library, hospital and public transit. There is a restriction on pets in this building.

Amenities include: recreation room, exercise room, outdoor pool, sauna, security system and visitor parking.

Prices range from : $233,000 – $265,000

I’ve provided the most recent Stats for sales at 5 Weldrick Road over the past 200 days.

Field	Count	Mean (Average)	Median	Mode	Low	High
List Price	6	$256,033	$259,900	$259,900	$239,500	$269,900
Original Price	6	$258,383	$261,200	$244,500	$244,500	$269,900
Sold Price	6	$251,667	$253,500	$265,000	$233,000	$265,000
% List	6	98.17	98	98	96	102
Taxes	6	$2,293	$2,282	$2,282.21	$2,179	$2,430.95
Bedrooms	6	2	2	2	2	2
Washrooms	6	2	2	2	2	2
Days On Market	6	32	23	n / a	1	85

 

Let me be your Richmond Hill – Markham Condo Expert.  If you’re interested in Buying or Listing a condo in my area, then contact me for Market Info.

 If you have an interest in buying or selling in the Richmond Hill or Markham area and would like to discuss the current market, please  fill out this contact form or call me directly at 647-295-4854.

To search 100’s of Condos currently for sale – Click Search Markham / Richmond Hill MLS Listings and contact me for up to date details and market analysis.

175 Cedar Avenue – Richmond Hill Condo

175 Cedar Ave. – This luxury condo is located in Central Richmond Hill south of Major MAcKenzie between Bayview and Yonge.  This is a ten storey building with suite configurations that include 1+1 and 2+1 bedroom units. There is a pet restriction in place within this building. Steps to Go Train, transit, library, hospital, shopping and easy access to Hwy 404.

Amenities include: party/meeting room, exercise room, outdoor pool, whirlpool, tennis court, squash and racquet court,  games room and security guard.

Prices range from : $171,500 – $288,000

I’ve provided the most recent Stats for sales at 175 Cedar Avenue Court over the past 200 days.

Field	Count	Mean (Average)	Median	Mode	Low	High
List Price	13	$220,377	$219,900	$215,000	$177,900	$299,900
Original Price	13	$219,815	$215,000	$215,000	$177,900	$299,900
Sold Price	13	$215,038	$215,000	$214,000	$171,500	$288,000
% List	13	97.46	96	96	95	102
Taxes	13	$2,021	$2,026	$2,005.89	$1,565.82	$2,281.11
Bedrooms	13	1.8	2	2	1	2
Washrooms	13	2	2	2	2	2
Days On Market	13	20	17	n / a	3	60

 

Let me be your Richmond Hill – Markham Condo Expert.  If you’re interested in Buying or Listing a condo in my area, then contact me for Market Info.

 If you have an interest in buying or selling in the Richmond Hill or Markham area and would like to discuss the current market, please  fill out this contact form or call me directly at 647-295-4854.

To search 100’s of Condos currently for sale – Click Search Markham / Richmond Hill MLS Listings and contact me for up to date details and market analysis.

51 Baffin Court – Richmond Hill Condo

 

51 Baffin Court –  This luxury building in the Bayview Glen area offers avarity of layouts for you to choose from.  The suite layouts include 1, 1+1 and 2 Bedroom suites and 1 Bedroom 2 storey lofts suites with floor to ceiling windows giving you a nice open feeling concept to the suite. The building being located at yonge and Hwy7 is close to Theatre, Restaurants, Go Transit, Bus and VIVA transporation, major shopping is only a short walk away and Hwy 407 and 404 is only few minutes away.

Amenities include: party/meeting room, exercise room, games room, security guard and visitor parking.

Prices range from : $182,500 – $219,000

I’ve provided the most recent Stats for sales at 51 Baffin Court over the past 200 days.

Field	Count	Mean (Average)	Median	Mode	Low	High
List Price	11	$203,318	$199,900	n / a	$184,900	$225,000
Original Price	11	$209,691	$209,000	n / a	$187,000	$238,000
Sold Price	11	$198,182	$196,000	n / a	$182,500	$219,000
% List	11	97.55	98	n / a	94	100
Taxes	10	$1,974	$1,967	2159.4	$1,698.26	$2,400
Bedrooms	11	1.1	1	1	1	2
Washrooms	11	1.3	1	1	1	2
Days On Market	11	48	44	23	10	159

 

Let me be your Richmond Hill – Markham Condo Expert.  If you’re interested in Buying or Listing a condo in my area, then contact me for Market Info.

 If you have an interest in buying or selling in the Richmond Hill or Markham area and would like to discuss the current market, please  fill out this contact form or call me directly at 647-295-4854.

To search 100’s of Condos currently for sale – Click Search Markham / Richmond Hill MLS Listings and contact me for up to date details and market analysis.

8501 Bayview Avenue – Richmond Hill Condo

8501 Bayview Avenue – Bayview Place is a luxury condo located near Bayview and Hwy 7 in Richmond Hill.  The suite configurations in this building are  2 and 2+1 layout.  This supurb location is close to transit, major shopping, Montessori School and Hwy 407 and 404 are easily accessable.

Amenities include: party/meeting room, outdoor pool, tennis, Gatehouse/guard/security, sauna, squash and racquet court, whirlpool, Guest suites and visitor parking.

Prices range from : $227,000 – $272,000

I’ve provided the most recent Stats for sales at 8501 Bayview Ave. over the past 200 days.

Field	Count	Mean (Average)	Median	Mode	Low	High
List Price	10	$254,740	$259,450	$259,900	$229,900	$269,900
Original Price	10	$255,250	$259,450	$259,900	$235,000	$269,900
Sold Price	10	$247,750	$243,750	n / a	$227,000	$272,000
% List	10	97.2	97	97	92	102
Taxes	10	$2,222	$2,231	n / a	$1,995.99	$2,367
Bedrooms	10	2	2	2	2	2
Washrooms	10	1.9	2	2	1	2
Days On Market	10	26	20.5	12	4	59

 

Let me be your Richmond Hill – Markham Condo Expert.  If you’re interested in Buying or Listing a condo in my area, then contact me for Market Info.

 If you have an interest in buying or selling in the Richmond Hill or Markham area and would like to discuss the current market, please  fill out this contact form or call me directly at 647-295-4854.

To search 100’s of Condos currently for sale – Click Search Markham / Richmond Hill MLS Listings and contact me for up to date details and market analysis.