So some good news out of this...when I went to drop off the Drafts on my deals, the guys there said they aren’t planning price increases on the next few releases.
Nice! Which floor? What was the price with floor premium?deal_with_singh wrote: ↑ Ended up buying this unit for myself....
$943/sqft once you back out the floor premiums....
Slightly different from the draft floor plans that were released. But very close to the 623sqft unit.
Double Balcony, corner unit, den is the size of a room, pretty much exactly what I was looking for...
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Just to avoid specific info, I'll avoid that part - but it was on the higher end from what was classified as "mid" on the worksheets. Would have been around $580k for a ground floor unit without floor premium.cleardevil wrote: ↑ Nice! Which floor? What was the price with floor premium?
Surrounding windows, its perfect, congratsdeal_with_singh wrote: ↑ Ended up buying this unit for myself....
$943/sqft once you back out the floor premiums....
Slightly different from the draft floor plans that were released. But very close to the 623sqft unit.
Double Balcony, corner unit, den is the size of a room, pretty much exactly what I was looking for...
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Nice. I think i mentioned once before but one of my friend also bought 6 units in one building just because he liked the project and still holds it after 8-9 years i believe. And these guys don't need mortgage, there are lot of rich ppl out there and personally i think this is one of those projects they would would throw their money at for a long term hold.deal_with_singh wrote: ↑ So some good news out of this...when I went to drop off the Drafts on my deals, the guys there said they aren’t planning price increases on the next few releases.
My guess is It’s more a method they’re using to stir up more continued demand.
Demand really is strong, I know one investor who scooped up 15 units today alone....
Congrats. Nice layout!deal_with_singh wrote: ↑ Ended up buying this unit for myself....
$943/sqft once you back out the floor premiums....
Slightly different from the draft floor plans that were released. But very close to the 623sqft unit.
Double Balcony, corner unit, den is the size of a room, pretty much exactly what I was looking for...
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Congrats. Still a nice layout but compared to the draft 623 seems like there is slightly more wasted space at the foyer. 623 was much more boxy. Do you know if this is because the layout changes slightly depending on the floor?deal_with_singh wrote: ↑ Ended up buying this unit for myself....
$943/sqft once you back out the floor premiums....
Slightly different from the draft floor plans that were released. But very close to the 623sqft unit.
Double Balcony, corner unit, den is the size of a room, pretty much exactly what I was looking for...
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623sqft unit is in the North Tower, where as this is in the South Tower. The starting price of the 623 sqft unit is $60,000 higher than this unit. You're getting 13 more sqft and a second bathroom. However, you lose out on one balcony, and rooms are slightly smaller.
You're seeing a lot of rentals as 4 towers from Transit City + MET all just completed construction around the same time frame, so a lot of supply on the markets which will slowly start disappearing.aspiretobegreat wrote: ↑ I'm seeing a lot of rental units rented out in the VMC area.
What's the demographics in this area? Is it mostly York University students living in the VMC area?
That's great. I can definitely see the appeal of this area for York U students.deal_with_singh wrote: ↑ You're seeing a lot of rentals as 4 towers from Transit City + MET all just completed construction around the same time frame, so a lot of supply on the markets which will slowly start disappearing
You have York U students, you have local Vaughan residents working in the area around VMC, going all the way past Keele, you have students who commute to UofT/Ryerson (including international students), and you have downtown commuters.
Fair enough, and again I do think it's a good unit and nice purchase overall but having a second bathroom is huge since it's genuinely a 2BR in that case (minus the lack of a closet in the den), especially if the premium is only $60K. At a mortgage rate of 3%, it's just around $250 per month more in mortgage payments over 30 years. Numbers wise it's a toss up in the short term since you may or may not get that much more in rent, so I do think it's just a matter of personal preference.deal_with_singh wrote: ↑ 623sqft unit is in the North Tower, where as this is in the South Tower. The starting price of the 623 sqft unit is $60,000 higher than this unit. You're getting 13 more sqft and a second bathroom. However, you lose out on one balcony, and rooms are slightly smaller.
The little bit of "space wastage" (about 10 sqft is what I'd guess) near the door, I viewed as a nice "entrance" space to take off your shoes etc.
Overall happy with the purchase, but would've loved it even more if I could get somewhere between floor 20-30 to reduce the floor premium.
As much as I'd love the second bathroom, to me personally I'd rather pay $55k for the parking than $60k for the second bathroom. From what I've seen rent or renters decision making wise its usually not the biggest factor. It does become more of a factor in something larger like a town/semi/detached, but in a 2 bed condo, most of the renters I've helped get units had no issues on a single bathroom unit, and rent wise has been fairly close (~$50/month difference in most cases) for equivalent units.moofur wrote: ↑ Fair enough, and again I do think it's a good unit and nice purchase overall but having a second bathroom is huge since it's genuinely a 2BR in that case (minus the lack of a closet in the den), especially if the premium is only $60K. At a mortgage rate of 3%, it's just around $250 per month more in mortgage payments over 30 years. Numbers wise it's a toss up in the short term since you may or may not get that much more in rent, so I do think it's just a matter of personal preference.
Congrats again!
Agreed, but unfortunately you can't even buy parking for 1+1s even if you wanted to, which is crazy.deal_with_singh wrote: ↑ As much as I'd love the second bathroom, to me personally I'd rather pay $55k for the parking than $60k for the second bathroom. From what I've seen rent or renters decision making wise its usually not the biggest factor. It does become more of a factor in something larger like a town/semi/detached, but in a 2 bed condo, most of the renters I've helped get units had no issues on a single bathroom unit, and rent wise has been fairly close (~$50/month difference in most cases) for equivalent units.
Big difference of opinion on this. It’s no different than the stock market
