Real Estate

New Andaz Hotel to be Located at 1 Bloor West

  • Last Updated:
  • May 4th, 2019 7:20 pm
12 replies
Banned
Aug 3, 2005
1235 posts
1166 upvotes
wow...the amount of new luxury condos being built in Toronto from 2020-2023 is insane....

I bet this one will also be around $2000/sqft.
Deal Expert
User avatar
Aug 2, 2010
15193 posts
4924 upvotes
Here 'n There
Yup, love the way they mark up the concrete, drywall, some plumbing & electrical wires and cabinets and undivided interest in the common areas to that level and all you get is basically an empty shell with the requirement to pay whatever the condo fees increase to every year. Then you have neighbours on all 4 sides (unless you are in a corner unit) that can cause you noise & grief.

I'd rent a condo. I'd never buy one to live in.
Deal Guru
Feb 29, 2008
13849 posts
10089 upvotes
ekcivichb wrote: wow...the amount of new luxury condos being built in Toronto from 2020-2023 is insane....

I bet this one will also be around $2000/sqft.
Thank goodness for teachers and nurses.
[OP]
Deal Addict
Jan 9, 2010
2029 posts
1420 upvotes
ekcivichb wrote: wow...the amount of new luxury condos being built in Toronto from 2020-2023 is insane....

I bet this one will also be around $2000/sqft.
1 Bloor West was already selling around 2 years ago. It was $1,500+ PSF back then and I thought it was a steal at that price. People thought i was crazy to think so.

There will probably be new releases as we get further along the project though.
Deal Guru
Feb 29, 2008
13849 posts
10089 upvotes
drunkgoat wrote: Nurses make peanuts.
It’s an inside joke. Face With Stuck-out Tongue And Tightly-closed Eyes

I wouldn’t say nurses make peanuts either. Not in Toronto.
Deal Addict
Mar 27, 2015
1440 posts
530 upvotes
Thornhill, ON
There are many, many nurses on the Sunshine List making well over $100K. They do not make peanuts.
Deal Addict
Jul 3, 2007
3109 posts
3328 upvotes
Toronto
the hotel part will kill the financing end for buyers as banks dont mortgage these hotel / condo buildings ....

it will be like 1 king west and trump hotel all over again, realtors telling their clients its easy to get a mortgage, then years later
the clients cant get any bank financing....

this should be another mess....
Deal Addict
User avatar
Dec 16, 2015
2506 posts
2171 upvotes
Canada
joepipe wrote: the hotel part will kill the financing end for buyers as banks dont mortgage these hotel / condo buildings ....

it will be like 1 king west and trump hotel all over again, realtors telling their clients its easy to get a mortgage, then years later
the clients cant get any bank financing....

this should be another mess....
Well the condo is marketed towards rich ppl anyways at that prices...

Regarding condo/hotel, if it is separate entity, even if in the same building complex, it is regarded as such. See hotel le gemains and residences of maple leaf square
To the moon
Deal Addict
Dec 20, 2018
4670 posts
3733 upvotes
icantfigureoutausername wrote: There are many, many nurses on the Sunshine List making well over $100K. They do not make peanuts.
That's because of lots of OT
https://www.ona.org/wp-content/uploads/ ... 80731f.pdf

25 years of experience max out at $47/hr ... That is peanuts

Start out at $33/hr...work 25 yrs and get $47 ...lol

And most are working shitty shift work in hospitals

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