Real Estate

Artists Alley Downtown condo

  • Last Updated:
  • May 17th, 2019 7:52 pm
[OP]
Jr. Member
Jul 4, 2018
129 posts
76 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 Fanatic
Feb 29, 2008
7490 posts
2788 upvotes
We're going to hit $1500/ft sooner than I thought.
Deal Addict
Jul 29, 2006
3804 posts
610 upvotes
I thought artists were poor
Deal Addict
Jan 9, 2010
1137 posts
453 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
1335 posts
938 upvotes
Canada
Good price compared to united?
Deal Addict
Jan 9, 2010
1137 posts
453 upvotes
Redsanta wrote:
May 15th, 2019 11:29 pm
Good price compared to united?
United has direct subway access... So I guess it depends if you think that's worth it.
Deal Fanatic
Feb 9, 2009
7501 posts
4479 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
1137 posts
453 upvotes
Sanyo wrote:
May 16th, 2019 12:56 am
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
605 posts
9 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
3804 posts
610 upvotes
love0715 wrote:
May 16th, 2019 3:31 pm
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
1137 posts
453 upvotes
nx6288 wrote:
May 16th, 2019 3:34 pm
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.
Jr. Member
User avatar
Nov 5, 2018
183 posts
189 upvotes
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...
Money, Common Stocks, Credit Cards, Coupons, Condos (MCCCC)
Deal Addict
Jan 9, 2010
1137 posts
453 upvotes
CondoMan98 wrote:
May 16th, 2019 7:40 pm
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
5788 posts
5458 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 Fanatic
Feb 9, 2009
7501 posts
4479 upvotes
mazerbeaner wrote:
May 16th, 2019 10:21 pm
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

Top

Thread Information

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