Peter & Adelaide

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Dec 6th, 2017 11:24 am

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Dec 4th, 2017 12:12 am

Dann384476 [OP]: Newbie; Nov 9, 2017; 22 posts; 10 upvotes

Dec 4th, 2017 12:12 am

Peter & Adelaide

Just got an email from the builder saying that they closed their sale office at 120 Peter Street on 30 November "due to huge success of the project", does that mean they are sold out? Can't believe it is sold out that quick given the crazy price they charge at close to 1K psf!

7 replies

Dec 5th, 2017 2:30 am

mathiewannabe: Penalty Box; Jul 11, 2008; 4368 posts; 1508 upvotes; Away from RFD idiots

Dec 5th, 2017 2:30 am

nowdays, $1k psf is cheap. Anyone know any good deals in toronto coming up?

Dec 5th, 2017 5:21 pm

oasis100: Penalty Box; Mar 27, 2004; 9942 posts; 8265 upvotes; Toronto

Dec 5th, 2017 5:21 pm

1k is normal pricing for that area now.

Full-time Realtor

Dec 5th, 2017 8:49 pm

ilim: Deal Addict; Jan 17, 2006; 2470 posts; 2698 upvotes; Toronto

Dec 5th, 2017 8:49 pm

They actually had reasonable prices, almost cheap comparing to other projects around, around 900 per SQFT.

Dec 5th, 2017 9:30 pm

bluedrg11: Newbie; Oct 5, 2015; 59 posts; 38 upvotes

Dec 5th, 2017 9:30 pm

ilim wrote: ↑ They actually had reasonable prices, almost cheap comparing to other projects around, around 900 per SQFT.

900 psf is cheap!?!!! Are we living in New York or Hongkong now!!! Average income of Torontonian is less than 50K a year, need to rob a bank to be able to afford a condo these days!

Dec 5th, 2017 9:46 pm

ilim: Deal Addict; Jan 17, 2006; 2470 posts; 2698 upvotes; Toronto

Dec 5th, 2017 9:46 pm

Well it is cheaper than current prices in that area, in 3-5 years when it is ready, who knows what it is going to look like.
But again, when all other projects sell over 1000 per sqft, this one looks favorable.

Dec 5th, 2017 11:37 pm

Dann384476 [OP]: Newbie; Nov 9, 2017; 22 posts; 10 upvotes

Dec 5th, 2017 11:37 pm

101 Peter Street was sold a few years ago at less than 500 psf, it is now over 1K for resale, those who bought a few units last time can now retire already!

Dec 6th, 2017 11:24 am

gregv: Deal Addict; May 8, 2003; 1856 posts; 6024 upvotes; Toronto

Dec 6th, 2017 11:24 am

Dann384476 wrote: ↑ Just got an email from the builder saying that they closed their sale office at 120 Peter Street on 30 November "due to huge success of the project", does that mean they are sold out? Can't believe it is sold out that quick given the crazy price they charge at close to 1K psf!

It sold very fast. Almost sold out:
http://urbantoronto.ca/news/2017/12/gra ... y-sold-out

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