Real Estate

199 Church St - Centrecourt

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  • Aug 29th, 2020 11:43 am
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Deal Expert
Feb 29, 2008
19376 posts
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Tarrana & The Ri…
"next to the subway" will always be one of the best selling features...
Deal Addict
Jan 9, 2010
2609 posts
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vbomb wrote: 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
Personally I feel balconies are overrated, unless you're a smoker. I never used my balcony when I lived in a condo and neither did my friends, and I wasn't even downtown. If you were downtown it's probably just easier and better just to go for a walk if you needed some fresh air. Just my opinion.
Sr. Member
Oct 21, 2016
946 posts
718 upvotes
StatsGuy wrote:
Local investors too like most condos. I mean I can't put all my money in stocks and gold bars
US Tech stocks (cloud, disruptive and fintech ) are booming made a nice pile of dough YTD and over the last 5 years. I would gladly invest my money in US tech stocks over Toronto real estate during the post pandemic recovery especially with the US fed printing trillions and purchasing corporate bonds / ETFs , pumping liquidity into the market and keeping rates at zero . Massive stimulus and quantitative easing down south . Note I own three properties in Toronto (so not a real estate bear) , however the oppurtunity to make far superior returns in stocks is currently more enticing then investing in GTA real estate.
[OP]
Deal Fanatic
Dec 20, 2018
7644 posts
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Shaun80 wrote: US Tech stocks (cloud, disruptive and fintech ) are booming made a nice pile of dough YTD and over the last 5 years. I would gladly invest my money in US tech stocks over Toronto real estate during the post pandemic recovery especially with the US fed printing trillions and purchasing corporate bonds / ETFs , pumping liquidity into the market and keeping rates at zero . Massive stimulus and quantitative easing down south . Note I own three properties in Toronto so not a real estate bear it is just the oppurtunity to make a far superior returns in stocks is currently more enticing then investing in GTA real estate.
I have over 500k in US stocks

Only a fool will put it all in stocks, let alone concentrated on US tech. As we saw in March, tech stocks are far from immune to sudden drastic drops and it required bailout from feds to keep it going

I made great returns since March as well, but it's dumb to leave it all in one asset class let alone one asset in specific subset of a market like US tech stocks

US can begin antitrust investigation anytime into the big names as they've insinuated and then you get stagnation and uncertainty. Counting on feds each time to bail out and buy corporate bonds to buoy the markets especially after election in November

I'm not going to put all my assets on a few US tech stocks
Sr. Member
Oct 21, 2016
946 posts
718 upvotes
StatsGuy wrote:
I have over 500k in US stocks

Only a fool will put it all in stocks, let alone concentrated on US tech. As we saw in March, tech stocks are far from immune to sudden drastic drops and it required bailout from feds to keep it going

I made great returns since March as well, but it's dumb to leave it all in one asset class let alone one asset in specific subset of a market like US tech stocks

US can begin antitrust investigation anytime into the big names as they've insinuated and then you get stagnation and uncertainty. Counting on feds each time to bail out and buy corporate bonds to buoy the markets especially after election in November

I'm not going to put all my assets on a few US tech stocks
To each their own I'm long US tech, it's not a short term investment for me. Been in the game 5 years now . I can handle volatility March did not bother me , my portfolio dropped 35 percent (bought more on sale ) . The potential for growth in this sector (compared to the broader US market ) over the next two decades in large , mid and small caps is a hedge I am more then willing to make. Currently own 10 tech stocks and 7 tech ETFs so it is diversified over the sector . I was up 55k last month alone ,also there is nothing wrong with taking some profits along the way and buying oppurtunistically .


portfolio2.jpg
[OP]
Deal Fanatic
Dec 20, 2018
7644 posts
6811 upvotes
Shaun80 wrote: To each their own I'm long US tech, it's not a short term investment for me. Been in the game 5 years now . I can handle volatility March did not bother me , my portfolio dropped 35 percent (bought more on sale ) . The potential for growth in this sector (compared to the broader US market ) over the next two decades in large , mid and small caps is a hedge I am more then willing to make. Currently own 10 tech stocks and 7 tech ETFs so it is diversified over the sector . I was up 55k last month alone ,also there is nothing wrong with taking some profits along the way and buying oppurtunistically .



portfolio2.jpg
5 years is short term in the market. Again, I just want some diversification and don't want to hold millions in US tech stocks

Not sure what posting your portfolio has to do with anything?
Sr. Member
Oct 21, 2016
946 posts
718 upvotes
StatsGuy wrote: 5 years is short term in the market
Results speak for themselves. Been through two corrections now Dec 2018 (22 percent drop) and March 2020 (35 percent drop) so not a noob who panic sells but rather takes that as a buying opportunity.


Portfolio1.jpg
[OP]
Deal Fanatic
Dec 20, 2018
7644 posts
6811 upvotes
Shaun80 wrote: Results speak for themselves. Been through two corrections now Dec 2018 (22 percent drop) and March 2020 (35 percent drop) so not a noob who panic sells but rather takes that as a buying opportunity.



Portfolio1.jpg
Your portfolio is relatively small so doesn't really matter I guess. sI bought in March too and still have a significant stock holdings but nothing wrong with not putting all eggs in one basket. It's fine to be overweight in equities but don't know of any actual large investment strategy or asset management where it's all in one geography and one sectors

I don't know why you're posting your portfolio? I don't think anyone doubt you a bit of money?
Last edited by StatsGuy on Jul 11th, 2020 9:26 pm, edited 1 time in total.
Sr. Member
Oct 21, 2016
946 posts
718 upvotes
StatsGuy wrote: Your portfolio is relatively small so doesn't really matter I guess. sI bought in March too and still have a significant stock holdings but nothing wrong with not putting all eggs in one basket. It's fine to be overweight in equities but don't know of any actual large investment strategy or asset management where it's all in one geography and one sectors
Yeah its not the biggest portfolio together between my and my wife its about 650K total hope to surpass one million within the next 3 to 5 years by sticking to my plan. Point being I know this is a real estate forum but a lot of people here put all their eggs into Toronto real estate as opposed to diversifying into the stock market which I feel is currently far more lucrative then a pre con.
[OP]
Deal Fanatic
Dec 20, 2018
7644 posts
6811 upvotes
Shaun80 wrote: Yeah its not the biggest portfolio together between my and my wife its about 650K total hope to surpass one million within the next 3 to 5 years by sticking to my plan good luck
Ya, when you have more money, you'll understand and start want to diversify more and behave more like professional asset management companies and diversify into different asset classes . I've been in the market for over 20 years so I've been diversifying and I see how strong and resilient RE has been and as hedge against short term volatility and inflation.

Same reason why big tech senior management sell their stocks and divest .

I've been through the tech bubble and financial crisis and cognizant of how it took 10 years for stocks to recover from the dot com bubble

I remember this

On March 10, 2000, the Nasdaq Composite Index hit an intraday high of 5132.52. We all know what happened next. By October 2002, the index had fallen 78.4%—to 1108.49.

And that was only half the agony. The other half was the index’s anemic recovery from that low. It took until November 2014 for the index to battle back to its March 2000 level, even after taking dividends into account. If you adjust for inflation, the index didn’t recover until August 2017, more than 17 years later.

It took 14 years for tech heavy NASDAQ to recover to the precrash level. Hence the need to diversify..at least to me .
Sr. Member
Oct 21, 2016
946 posts
718 upvotes
Kind of going off topic but I agree tech will not grow at the pace it has over the last decade but it will outpace the broader market imo. I think the 2000 dot.com crash is a poor comparison, most of the companies were horrible with little revenue , no profits and even higher pe ratios. the internet was new and investors were throwing money at hot garbage. Faangm tech companies today are trillion dollar multinationals with billions in revenue. They are integral parts of the S and P 500 and have basically been the engine of the index for over 11 years.
Jr. Member
Nov 22, 2009
160 posts
191 upvotes
Toronto
Shaun80 wrote: Yeah its not the biggest portfolio together between my and my wife its about 650K total hope to surpass one million within the next 3 to 5 years by sticking to my plan. Point being I know this is a real estate forum but a lot of people here put all their eggs into Toronto real estate as opposed to diversifying into the stock market which I feel is currently far more lucrative then a pre con.
omg 650k in cash is considered a small portfolio? Thats why I'm always outbid in these price war homes ;o
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Feb 11, 2009
19395 posts
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Toronto
vbomb wrote: omg 650k in cash is considered a small portfolio? Thats why I'm always outbid in these price war homes ;o
Usually the goal is to have a $1M Stock Portfolio (with an average 10% ROI) and diversify the rest within real estate, or assets like Gold. Never keep your eggs in one basket.

Just in case anyones wondering the Key Plates were released last week during the Agent Presentation with Centrecourt. The floor plans are enticing, as Centrecourt always focuses on optimizing space to make it best for investment.

Expect around $1300-$1350/sqft on most units.

In this particular building, you'll do best with the Largest Units available. I've run preliminary monthly cash flow numbers on some of these units and not bad at all.
Realtor - Investment Properties
Deal Fanatic
Mar 27, 2004
7969 posts
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Toronto
Shaun80 wrote: To each their own I'm long US tech, it's not a short term investment for me. Been in the game 5 years now . I can handle volatility March did not bother me , my portfolio dropped 35 percent (bought more on sale ) . The potential for growth in this sector (compared to the broader US market ) over the next two decades in large , mid and small caps is a hedge I am more then willing to make. Currently own 10 tech stocks and 7 tech ETFs so it is diversified over the sector . I was up 55k last month alone ,also there is nothing wrong with taking some profits along the way and buying oppurtunistically .



portfolio2.jpg
flexing today.
Full-time Realtor
Deal Expert
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Feb 11, 2009
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Toronto
oasis100 wrote: flexing today.
Its always funny to see people making money in an irrational market and claiming they're an expert. Smart money (Buffet, Icahn, et al) is sitting in cash because from a fundamental standpoint the market valuations make no sense...meanwhile Robinhood investors (stay at home retail investors) just keep pumping money into the markets with the "Stonks only go up" motto, while treating it like a Casino and pumping up bankrupt companies like Hertz and all. You should check out the Reddit for "Wallstreetbets"...all kinds of people flexing there...people who in any kind of sane market would lose everything Face With Tears Of Joy
Realtor - Investment Properties
Sr. Member
Oct 21, 2016
946 posts
718 upvotes
deal_with_singh wrote:
Its always funny to see people making money in an irrational market and claiming they're an expert. Smart money (Buffet, Icahn, et al) is sitting in cash because from a fundamental standpoint the market valuations make no sense...meanwhile Robinhood investors (stay at home retail investors) just keep pumping money into the markets with the "Stonks only go up" motto, while treating it like a Casino and pumping up bankrupt companies like Hertz and all. You should check out the Reddit for "Wallstreetbets"...all kinds of people flexing there...people who in any kind of sane market would lose everything Face With Tears Of Joy
I never play with options ie wsb which I agree is a gamble and can result in financial ruin . My 5 year returns are simply from buying and holding mainly large cap stocks and ETFs . Buffet and brk have underperformed the S and P 500 for 11 years , he has admitted he does not understand tech , bought and sold his airline shares at a loss this spring , did not participate in the recent 50 percent equity rally and just sat on cash . His investing track record has been far from stellar over the past decade so I am not sure why you are supporting your market timing argument with Buffet . Retail investors have little impact on the market the smart money you describe or market movers are institutional investors and hedge funds who trade on news instantaneously with their algos and bots . My entire point is that the stock market particularly tech long term (even at a slower pace of growth as compared to the previous decade ) will provide more lucrative returns then real estate . I could be wrong I hope both both sectors explode as I own three properties 2 detached houses and 1 condo downtown in Toronto , however I am personally hedging toward stocks .
Last edited by Shaun80 on Jul 12th, 2020 8:29 am, edited 4 times in total.
Sr. Member
Nov 22, 2017
942 posts
696 upvotes
StatsGuy wrote: Your portfolio is relatively small so doesn't really matter I guess. sI bought in March too and still have a significant stock holdings but nothing wrong with not putting all eggs in one basket. It's fine to be overweight in equities but don't know of any actual large investment strategy or asset management where it's all in one geography and one sectors

I don't know why you're posting your portfolio? I don't think anyone doubt you a bit of money?
deal_with_singh wrote: Its always funny to see people making money in an irrational market and claiming they're an expert. Smart money (Buffet, Icahn, et al) is sitting in cash because from a fundamental standpoint the market valuations make no sense...meanwhile Robinhood investors (stay at home retail investors) just keep pumping money into the markets with the "Stonks only go up" motto, while treating it like a Casino and pumping up bankrupt companies like Hertz and all. You should check out the Reddit for "Wallstreetbets"...all kinds of people flexing there...people who in any kind of sane market would lose everything Face With Tears Of Joy
RE has been irrational too!

Anyways back on topic, this is a terrible area right now, homeless people galore right next to Ryerson University. I don't see how this is an investment property when you have so much competition for student housings from condos going up all over the vicinity, not to mention Ryerson just finished building their residence on Church, south of Dundas. By the way the area won't be fixed until they get rid of all the missionaries and homeless shelters from Jarvis and Sherborne.
Sr. Member
Oct 21, 2016
946 posts
718 upvotes
deal_with_singh wrote:
Usually the goal is to have a $1M Stock Portfolio (with an average 10% ROI) and diversify the rest within real estate, or assets like Gold. Never keep your eggs in one basket.

Just in case anyones wondering the Key Plates were released last week during the Agent Presentation with Centrecourt. The floor plans are enticing, as Centrecourt always focuses on optimizing space to make it best for investment.

Expect around $1300-$1350/sqft on most units.

In this particular building, you'll do best with the Largest Units available. I've run preliminary monthly cash flow numbers on some of these units and not bad at all.
Why stop at one million in stocks? They are far more liquid then real estate and can provide maintenance and hassle free income (dividends ) in retirement . Canadian dividends also receive preferential tax treatment.
Sr. Member
Oct 21, 2016
946 posts
718 upvotes
Extrahard wrote: RE has been irrational too!

Anyways back on topic, this is a terrible area right now, homeless people galore right next to Ryerson University. I don't see how this is an investment property when you have so much competition for student housings from condos going up all over the vicinity, not to mention Ryerson just finished building their residence on Church, south of Dundas. By the way the area won't be fixed until they get rid of all the missionaries and homeless shelters from Jarvis and Sherborne.
Agree about the irrational comment the DOW fell 40 percent in March when the economic lockdown was announced , don't recall the same thing happening with Toronto real estate. I am thankful it didn't as a real estate investor but it shows both sectors can irrational .
Deal Expert
Feb 29, 2008
19376 posts
17842 upvotes
Tarrana & The Ri…
Extrahard wrote: RE has been irrational too!

Anyways back on topic, this is a terrible area right now, homeless people galore right next to Ryerson University. I don't see how this is an investment property when you have so much competition for student housings from condos going up all over the vicinity, not to mention Ryerson just finished building their residence on Church, south of Dundas. By the way the area won't be fixed until they get rid of all the missionaries and homeless shelters from Jarvis and Sherborne.
No it isn’t. Area is in the middle of gentrification. The area has already started changing for the better. If it was a great area the now price would be 20% higher. Jarvis and Dundas used to be absolutely terrible. 5 condos later it’s a whole different corner. There are shelters all over the place. That doesn’t stop million dollar valuations.

I don’t see the point in investing in areas that have already been gentrified and having all of that already baked into the price. $1700/ft is ridiculous for a nice area. We aren’t even talking luxury. We’re tslking run of the mill here.

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