Real Estate

What do you guys think about the Monde condo?

  • Last Updated:
  • Oct 3rd, 2020 11:55 pm
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Deal Fanatic
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Dec 27, 2009
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Victoria, BC
knightou123 wrote: in vancouver that would go for 900+. so ure price is fair at the moment after you pay the tax upon completion
What do prices in Vancouver have to do with this?
Sr. Member
Nov 10, 2017
762 posts
526 upvotes
dpacto wrote:


How will the streetcar be done my the time the condo is done? The tracks haven’t even been laid down.

Also I never said the future developments are not confirmed. But paying $1350 psf when you could’ve gotten it for $1000 is overpaying

This area is going to be a construction, traffic and dust nightmare for the next 10-15 years
Yorkville area (Yonge and Bloor) is still a construction zone, same as king and John area. When Monde first launched years ago, it was priced at mid $700 PSF and people were screaming ****OVERPRICE **** and East Bayfront is hopeless. This is a game for those who have visions, balls and deep pockets. Time will tell.
Sr. Member
Jul 10, 2018
513 posts
483 upvotes
Anyone buying pre-construction condos is at risk, since the price for precon versus resale soared during the 2017 peak and hasn't come back down to earth.

For the data, look at
Deal Expert
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Jan 27, 2004
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T.O. Lotto Captain
dpacto wrote: Yes he overpaid as I’ve seen assignments for that building around $1000 psf with parking and on high floors

However desolate and nothing is a bit extreme here. I live close by.

St Lawrence market is 10 min away along with all the atuff on the esplanade and then there is front st east. People pay huge premiums to live near st Lawrence market and the esplanade

I do feel the builders have priced in way too much the anticipation of all the future development of east waterfront however it’s A great location close to the core but still quiet enough for now
For a down town person... 10 minutes is an eternity. lol.
[OP]
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Dec 17, 2018
5 posts
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Im going to be living in it for a while, might move to the states in a year or two.
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Jul 4, 2006
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JosephB012 wrote:
Yorkville area (Yonge and Bloor) is still a construction zone, same as king and John area. When Monde first launched years ago, it was priced at mid $700 PSF and people were screaming ****OVERPRICE **** and East Bayfront is hopeless. This is a game for those who have visions, balls and deep pockets. Time will tell.
UrbanPoet wrote: For a down town person... 10 minutes is an eternity. lol.
To be clear... a 10 minute walk isn't an eternity. I'll walk 20-30 minutes to go somewhere for dinner. BUT..... who wouldn't prefer a route that was you know... developed/populated with retail and restaurants?

Even though King/John and Yorkville are construction zones, there are plenty of amenities in the area. In particular King/John has tons of dining options at a variety of price points at your door step.

The OP's condo is at least 2 years away from being 2 years away. There needs to be density in that neighbourhood before all the restaurants and retail moves in.

How many years is it going to be before you take a date for a walk on Queens Quay between Jarvis and Parliament? 5-10 years? On google street view (from Aug 2018) there are 4 condos between Jarvis and Parliament. This pales in comparison to the density on any other major street.

What could the OP have gotten in the resale market for the same money?
Member
Jan 27, 2018
324 posts
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JosephB012 wrote: Yorkville area (Yonge and Bloor) is still a construction zone, same as king and John area. When Monde first launched years ago, it was priced at mid $700 PSF and people were screaming ****OVERPRICE **** and East Bayfront is hopeless. This is a game for those who have visions, balls and deep pockets. Time will tell.
Good one... Totally agree Thumbs Up Sign
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Dec 13, 2016
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This area will look nice when finished. The key point being when finished as things in Canada take decades to finish.

As of now it's as dead as they come, with only Loblaws and LCBO being there.

At this point in time and not in the future you overpaid.
[OP]
Newbie
Dec 17, 2018
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What do you think about this particular condo building in general?

In terms of location, look, architecture, etc.
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Nov 10, 2017
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It would be even better if it has PATH direct access like Sugar Wharf.
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Jul 4, 2006
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ohhaiyo wrote: What do you think about this particular condo building in general?

In terms of location, look, architecture, etc.
People have commented on the location already. Honestly, the look and architecture is no different than any other one which is neither good or bad. It just looks a bit more modern than most right now. As a potential buyer, it's no different than any other condo. To me, location and floorplan are more important.

Reserve fund and quality of builder is important too but how many buyers are actually in a position to review it and understand what the report doesn't include. You're really just taking a chance anyway.
JosephB012 wrote:



It would be even better if it has PATH direct access like Sugar Wharf.
Is it really going to have direct PATH access?

https://www.thestar.com/business/2016/0 ... ntial.html
https://www.thestar.com/business/2014/0 ... wsuit.html
Sr. Member
Nov 10, 2017
762 posts
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poorwingman wrote:
People have commented on the location already. Honestly, the look and architecture is no different than any other one which is neither good or bad. It just looks a bit more modern than most right now. As a potential buyer, it's no different than any other condo. To me, location and floorplan are more important.

Reserve fund and quality of builder is important too but how many buyers are actually in a position to review it and understand what the report doesn't include. You're really just taking a chance anyway.



Is it really going to have direct PATH access?

https://www.thestar.com/business/2016/0 ... ntial.html
https://www.thestar.com/business/2014/0 ... wsuit.html
Those articles are for different projects, not Sugar Wharf and not Menkes.

PATH is a requirement by the City for Menkes to get green light for Sugar Wharf not an artist concept.



Last edited by JosephB012 on Dec 21st, 2018 5:32 pm, edited 2 times in total.
Member
Mar 6, 2017
362 posts
238 upvotes
JosephB012 wrote: Yorkville area (Yonge and Bloor) is still a construction zone, same as king and John area. When Monde first launched years ago, it was priced at mid $700 PSF and people were screaming ****OVERPRICE **** and East Bayfront is hopeless. This is a game for those who have visions, balls and deep pockets. Time will tell.
Not sure why you’re comparing yorkville or even entertainment district to a neighbourhood that has 1 completed condo that’s just absurd. Like really? You’re comparing waterfront east with yorkville?

Also this project was selling in 2013 it was priced high then. You could’ve bought any condo back then and made money. At the time88 Scott or yc condos were selling for similar prices or cheaper so yeah it was overpriced

Monde was priced similar to 1 yorkville LOL
Sr. Member
Nov 10, 2017
762 posts
526 upvotes
The demand has spoken, 78 rented out via MLS in 3 months + those who have rented out privately. Not bad.

East Bayfront is getting busy!

monde condo .jpeg
Sr. Member
Nov 10, 2017
762 posts
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As of June 3, 2019, 140 Rented/Leased units in 6 months not including one not listed via MLS.

Still going strong.

162 Queens Quay E. by Empire will be available shortly. Stay tuned.

monde 1.png
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Mar 23, 2003
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Hamilton
Ask yourself this.
If there's any downturn. Small or big.
How do you think this area will be affected?
Will it be first middle or last to feel it?
Deal Guru
Feb 29, 2008
13406 posts
9318 upvotes
JosephB012 wrote: Lets go back in time...... back to 2011..


Canada's economy seen losing some luster in 2011

https://ca.reuters.com/article/business ... 7420110106


and Monde's prices for 1 bed and 1+1 in 2011

prices starting from $588 psf at $384,990.

monde 2.png
I remember seeing the prices when they came out thinking "Damn, they're high". It's looking like a fantabulous buy now. They're redeveloping that entire region.

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