Real Estate

199 Church St - Centrecourt

  • Last Updated:
  • Aug 29th, 2020 11:43 am
Tags:
[OP]
Deal Fanatic
Dec 20, 2018
7279 posts
6453 upvotes

199 Church St - Centrecourt

So centre court is releasing this project at church/Dundas on Wednesday July 15

I've seen some preliminary floor plans and they look quite functional but deposit is 20% in first year

Anyone have more information?
274 replies
Deal Addict
User avatar
Mar 3, 2011
4481 posts
26595 upvotes
StatsGuy wrote: So centre court is releasing this project at church/Dundas on Wednesday July 15

I've seen some preliminary floor plans and they look quite functional but deposit is 20% in first year

Anyone have more information?
Isn’t 20% the new rule imposed by the government?
__
Want to know the latest Costco Clearance items and prices in Ontario.. check out my thread here.
Deal Addict
Jan 9, 2010
2607 posts
2359 upvotes
markopas wrote: Isn’t 20% the new rule imposed by the government?
Don't think so.

Centrecourt's a pure investor unit builder, so their units are usually very functional but their finishes are very no frills. If you want to see what to expect, go down the street to Church and Shuter right across from Fleur that's currenly under construction. They built Core Condos. Because they're investor oriented they're ususally pretty good in terms of not having much delays though.

A lot of new construction is going on around this area. It's going to be interesting to see how this area develops.
Deal Expert
Feb 29, 2008
19122 posts
17465 upvotes
Tarrana & The Ri…
moofur wrote: Don't think so.

Centrecourt's a pure investor unit builder, so their units are usually very functional but their finishes are very no frills. If you want to see what to expect, go down the street to Church and Shuter right across from Fleur that's currenly under construction. They built Core Condos. Because they're investor oriented they're ususally pretty good in terms of not having much delays though.

A lot of new construction is going on around this area. It's going to be interesting to see how this area develops.
Yup. Investor, but they look nice. The units are tiny....
Deal Addict
User avatar
Nov 5, 2018
2916 posts
5209 upvotes
Toronto
JayLove06 wrote: Yup. Investor, but they look nice. The units are tiny....
Ya, the 420 sqf one is freaking nice. I bet it is $1,500 a foot @ $600,000. Calling it now.
Called the bottom.
Deal Guru
Feb 9, 2009
12370 posts
11280 upvotes
these units are probably clearly for the international safety deposit box buyer.
[OP]
Deal Fanatic
Dec 20, 2018
7279 posts
6453 upvotes
JayLove06 wrote: Yup. Investor, but they look nice. The units are tiny....
They're really functional (especially compared to ones at 28 Eastern) but see how it's investors unit with mostly studios/1 brm

1 bedrm around 430-480 sqft and no useless 1+D with closet sized den
[OP]
Deal Fanatic
Dec 20, 2018
7279 posts
6453 upvotes
Sanyo wrote: these units are probably clearly for the international safety deposit box buyer.
Local investors too like most condos. I mean I can't put all my money in stocks and gold bars
Deal Guru
Feb 9, 2009
12370 posts
11280 upvotes
StatsGuy wrote: Local investors too like most condos. I mean I can't put all my money in stocks and gold bars
true..
Deal Addict
Jan 9, 2010
2607 posts
2359 upvotes
StatsGuy wrote: They're really functional (especially compared to ones at 28 Eastern) but see how it's investors unit with mostly studios/1 brm

1 bedrm around 430-480 sqft and no useless 1+D with closet sized den
I bought a unit at Fleur and the units were all very functional as well. To be honest I think it's to do with the area as well given its proximity to Ryerson and the fact that a lot of these will be targeted to student renters. It also explains why they build so many 1BR and 1+1s.
Member
User avatar
Oct 31, 2019
435 posts
563 upvotes
Just to check my understanding, "investor" intended condos = sucks to live in long-term but good for single renters? Is there more to it than this?
Deal Fanatic
Mar 27, 2004
7776 posts
5731 upvotes
Toronto
1 bedroom 427 and 478 sq at least in the 600s. so you're looking at least 1300 per sqft.

there is no value here and better buys elsewhere.

Liberty Market Tower is much better value. occupancy in nov 2011. priced around 1200s
Full-time Realtor
Deal Addict
User avatar
Nov 5, 2018
2916 posts
5209 upvotes
Toronto
oasis100 wrote: 1 bedroom 427 and 478 sq at least in the 600s. so you're looking at least 1300 per sqft.

there is no value here and better buys elsewhere.

Liberty Market Tower is much better value. occupancy in nov 2011. priced around 1200s
I am preferring the 905 these days; Distrikt Trailside was great value. I think Westport is selectively good value and has a lot of growth potential. Also, looking back the Thornhill wasn't so bad.

I know I criticized Corktown and Regent Park, but 28 Eastern was also good value compared to everything else.
Called the bottom.
Deal Expert
Feb 29, 2008
19122 posts
17465 upvotes
Tarrana & The Ri…
Funny enough I read the marketing and it says 50% of the condos are under $650K. You look at the floorplans and while they are well laid out, the price is still too HIGH IMO. And feel the same way about projects outside of the city as well. I'd like to see a 10% reduction in prices across the board precon.
Deal Addict
Jan 17, 2006
2371 posts
2548 upvotes
Toronto
No balconies make it worse as well.
Deal Addict
User avatar
Nov 5, 2018
2916 posts
5209 upvotes
Toronto
These are still going to have cheap ticket prices compared to a lot of other condos downtown. Whether people will look at the price they are paying per square foot is another story. Aside from location, I look at three things when I buy precons now:

1) Price per square foot
2) Floorplan (I like em big and boxy!!!! I hate useless hallways and can write an essay why)
3) Ticket price
Called the bottom.
Deal Addict
Jan 9, 2010
2607 posts
2359 upvotes
oasis100 wrote: 1 bedroom 427 and 478 sq at least in the 600s. so you're looking at least 1300 per sqft.

there is no value here and better buys elsewhere.

Liberty Market Tower is much better value. occupancy in nov 2011. priced around 1200s
How much is Liberty Market tower? You're comparing something that's in the core and basically beside a subway station to something in Liberty Village though.
Deal Fanatic
Mar 27, 2004
7776 posts
5731 upvotes
Toronto
moofur wrote: How much is Liberty Market tower? You're comparing something that's in the core and basically beside a subway station to something in Liberty Village though.
Pay the premium.
Full-time Realtor
[OP]
Deal Fanatic
Dec 20, 2018
7279 posts
6453 upvotes
oasis100 wrote: Pay the premium.
You mean pay the premium for a location like this project close to subway and Eaton centre?

I agree, location is most important especially as a hedge against potential decline in prices , location and access to subway will preserve value more imo
Jr. Member
Nov 22, 2009
160 posts
191 upvotes
Toronto
Centercourt condos are always tiny floor plans targeted towards students, investors and transient people
This building in particular has no balcony! Clearly not targeted towards people who want to live there long term

Top

Thread Information

There is currently 1 user viewing this thread. (0 members and 1 guest)