Real Estate

M2M Condo - Yonge/Cummer

  • Last Updated:
  • Apr 7th, 2019 8:11 am
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[OP]
Newbie
User avatar
Aug 19, 2007
97 posts
14 upvotes
Scarborough

M2M Condo - Yonge/Cummer

Want to get some opinions on M2M Condo at Yonge/Cummer. It is approx $900/Sqft and parking at 55K. Occupancy is at Summer 2022.

Any thoughts on investing or renting it out in that area?
36 replies
Sr. Member
Apr 14, 2017
797 posts
368 upvotes
DT Calgary
Definitely more realistic than that other thread.
Deal Addict
Mar 27, 2015
1116 posts
324 upvotes
Thornhill, ON
Its a big parcel of land so I can't even imagine how many buildings they're going to squish in there.
It is walkable to the subway but its 10-15 min so in poor weather maybe not so much, we're all wusses now.
You can also walk to Centrepoint/Town & Country Mall in about the same amount of time. There's a No Frills there so I would imagine that for a while that would be the closest location - not convenient at all.
That its on Yonge is a big plus, of course.
Sr. Member
Dec 30, 2012
769 posts
799 upvotes
Toronto
Is that where the Bowlerama used to be many years ago?
Jr. Member
Jul 14, 2009
164 posts
18 upvotes
Richmond Hill
civiclease wrote:
Apr 2nd, 2019 3:54 pm
Is that where the Bowlerama used to be many years ago?
Was that really 'many' years ago? ****. I'm old. But yes, same plot.
Deal Addict
Sep 12, 2006
1410 posts
345 upvotes
Better off buying in one of the existing condos in the area with direct subway access. This gives you the luxury of shopping around for a well-managed building and the going rate in the area is below $900/sq ft.

The specific parcel of land of m2m is a little outside the lively/nice area of Yonge/Finch. Also it doesn't seem like a good idea to me to lock up your money for 5 years with an unknown builder as this seems like a particularly ambitious project.
Sr. Member
Dec 30, 2012
769 posts
799 upvotes
Toronto
Marubozu wrote:
Apr 2nd, 2019 6:11 pm
Better off buying in one of the existing condos in the area with direct subway access. This gives you the luxury of shopping around for a well-managed building and the going rate in the area is below $900/sq ft.

The specific parcel of land of m2m is a little outside the lively/nice area of Yonge/Finch. Also it doesn't seem like a good idea to me to lock up your money for 5 years with an unknown builder as this seems like a particularly ambitious project.
Yonge & Finch lively/nice?? A depressing mix of bubble tea, nail salons, and pay day loan shops.
Deal Guru
User avatar
Sep 21, 2010
10740 posts
2225 upvotes
Montréal
"Cummer" lmao, never mind me and carry on boys :D
The richest 1% of this country owns half our country’s wealth, 5 trillion dollars, one-third of that comes from hard work, two-thirds comes from inheritance, interest on interest accumulating to widows and idiot sons, and what I do.. <find the rest>
Sr. Member
Dec 30, 2012
769 posts
799 upvotes
Toronto
mefromparadise wrote:
Apr 2nd, 2019 5:19 pm
Was that really 'many' years ago? ****. I'm old. But yes, same plot.
I think it closed a good 20 years ago. Time flies.
[OP]
Newbie
User avatar
Aug 19, 2007
97 posts
14 upvotes
Scarborough
Fair, thanks for the advice!
Sr. Member
May 9, 2017
958 posts
955 upvotes
civiclease wrote:
Apr 2nd, 2019 6:27 pm
I think it closed a good 20 years ago. Time flies.
Actually Newtonbrook Bowlerama just closed within the past year.
Sr. Member
Sep 4, 2007
845 posts
254 upvotes
civiclease wrote:
Apr 2nd, 2019 6:26 pm
Yonge & Finch lively/nice?? A depressing mix of bubble tea, nail salons, and pay day loan shops.
It's all about them Korean BBQs and KFC though
Member
Aug 16, 2011
292 posts
158 upvotes
OTTAWA
Chinese builder... no record in building in Canada... i'd be wary locking 5 years worth of money in it... i'd rather buy off assignment when you actually see the building come up
Sr. Member
Dec 30, 2012
769 posts
799 upvotes
Toronto
NotRobot wrote:
Apr 3rd, 2019 8:14 am
Actually Newtonbrook Bowlerama just closed within the past year.
No kidding?? For some reason I thought it closed a while back and the space was converted into something else. My mistake. I used to go often in junior high and high school in the 90s.
Sr. Member
May 9, 2017
958 posts
955 upvotes
civiclease wrote:
Apr 3rd, 2019 9:43 am
No kidding?? For some reason I thought it closed a while back and the space was converted into something else. My mistake. I used to go often in junior high and high school in the 90s.
Yeah, here's an article. I used to go there more for the video games more than bowling. Galaxia baby!

https://product.costar.com/home/news/shared/2118397803

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