Real Estate

Artists Alley Downtown condo

  • Last Updated:
  • May 17th, 2019 7:52 pm
[OP]
Member
Jul 4, 2018
375 posts
295 upvotes

Artists Alley Downtown condo

Phase 2 sales ... prices from $1350 per sft
Resonable for its location Dundas/University

360 sft studio for $516000
506 sft one BE for $690000
Images
  • CB6E91E7-889C-435E-A4D6-C484DCF07413.png
16 replies
Deal Guru
Feb 29, 2008
13890 posts
10160 upvotes
We're going to hit $1500/ft sooner than I thought.
Deal Addict
Jul 29, 2006
4126 posts
950 upvotes
I thought artists were poor
Deal Addict
Jan 9, 2010
2059 posts
1449 upvotes
This is actually AA1. I'm assuming this is a new release? Strange that I didn't see it...
Deal Addict
User avatar
Dec 16, 2015
2525 posts
2196 upvotes
Canada
Good price compared to united?
To the moon
Deal Addict
Jan 9, 2010
2059 posts
1449 upvotes
Redsanta wrote: Good price compared to united?
United has direct subway access... So I guess it depends if you think that's worth it.
Deal Guru
Feb 9, 2009
10816 posts
9188 upvotes
Wow didnt it hit $1000 sf like a year and half ago? LOL we are just racing on up!
Deal Addict
Jan 9, 2010
2059 posts
1449 upvotes
Sanyo wrote: Wow didnt it hit $1000 sf like a year and half ago? LOL we are just racing on up!
If you do the math there are some that are $1200+ psf in the price list...
Sr. Member
Nov 25, 2008
700 posts
31 upvotes
edmonton
cash flow looks like negative ..VERY negative .... i supppose 1 bedroom rent is like $2300 at most per month.
Deal Addict
Jul 29, 2006
4126 posts
950 upvotes
love0715 wrote: cash flow looks like negative ..VERY negative .... i supppose 1 bedroom rent is like $2300 at most per month.
hasn't it been negative for a very long time now? Short term investors have depended on appreciation for a while now.
Deal Addict
Jan 9, 2010
2059 posts
1449 upvotes
nx6288 wrote: hasn't it been negative for a very long time now? Short term investors have depended on appreciation for a while now.
Long term investors are also looking at long term appreciation, as well as gradual paydown of the mortgage by the tenant. If the amount of the cash outflow is around the same as the equity paydown, you're basically looking at an interest free loan. If it's less then it's basically gravy.

As long as you're able to carry it, I don't see the problem with negative cash flow if you're looking at a long term play. Over the long run you're bound to come out ahead. You'd be hard pressed to find properties that are both cash flow positive and have high potential for growth and appreciation.
Penalty Box
User avatar
Nov 5, 2018
2916 posts
5179 upvotes
Toronto
Nosebleed prices. How does anyone rationalize these prices for investment? And as an end-user, there are far better deals in resale. Makes no sense, but let it run I guess...
Called the bottom.
Deal Addict
Jan 9, 2010
2059 posts
1449 upvotes
CondoMan98 wrote: Nosebleed prices. How does anyone rationalize these prices for investment? And as an end-user, there are far better deals in resale. Makes no sense, but let it run I guess...
Because it's cheap to those who have money, aka Chinese investors. Someone posted this in another thread. It's worth a watch.

Deal Fanatic
Feb 22, 2011
9705 posts
11922 upvotes
Toronto
Ahh man, remember the days when bears here would laugh and using emoticons when we said condos would go over $1000 sq ft.
Deal Guru
Feb 9, 2009
10816 posts
9188 upvotes
mazerbeaner wrote: Ahh man, remember the days when bears here would laugh and using emoticons when we said condos would go over $1000 sq ft.
many of them have given up and gone back to playing fortnite in mommy's basement
Sr. Member
Sep 7, 2018
815 posts
844 upvotes
Wow... If this is the direction condos are going I better keep hodling my condos.... Lmao
Deal Guru
Feb 29, 2008
13890 posts
10160 upvotes
superscoots wrote: Wow... If this is the direction condos are going I better keep hodling my condos.... Lmao
If it's in a good location? Keep it.

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