Pop quiz readers! What’s the number ONE rule in real estate? Thaaat’s riiight! LOCATION, LOCATION, LOCATION!
No matter what type of real estate you’re buying, you should always be familiar with the lay of the land. Last week I blogged about River City Condo’s, but for this one I wanted to take a step back and look at some of the others features in the area that make River City such an advantageous opportunity!
Located to the south of the future River City Condo Development, the Don River Park will bring a refreshing change to the 5000 people planning to call the West Donlands home. Waterfront Toronto has plans to transform the abandoned and contaminated post-industrial site to an 18 acre greenscape that will feature an urban meadow, water play, a skating area, a multi-use sports field, a skateboard park and new playground equipment geared to a range of ages.
Perched on one of the highest points in the park, will be the pavilion (pictured above). It will also act as a informal amphitheatre and future focal point of the development. Michael van Valkenburgh Associates, with over 20 years experience in restoring lost landscapes throughout North America will be the team behind the transformation. The park is scheduled for completion in 2011. When the residents of River City start moving into West Don Lands they’ll be moving into a new neighbourhood, not just a new development.
The first phase will be made up of two buildings connected via a three-storey industrial-looking glass bridge. Those suites include 1,000- to 1,600-sq.-ft. town homes, 400- to 900-sq.-ft lofts, and 515- to 1,600-sq.-ft. penthouses, all ranging from $179,900 to $769,900. I’ll be getting floor plans and price lists in the last week of November. From November 25th to 30th I’ll be meeting with clients interested in purchasing at River City. On December 2nd agreements of purchase and sale will be signed. I’m taking names as of today, so if you’d like to be part of River City, give me a call or send me an email… i’d love to help!
More images of the park can be seen here: http://www.waterfrontoronto.ca/dbdocs//464dcccae9e23.pdf
November 20th, 2009 - 8:06 pm
[...] my last post, I took a step back and looked at the West Don Lands Park and the value it provided River City. [...]
December 1st, 2009 - 11:59 am
Are those town homes will become subsidize homes after 2015 or the builder is selling those town homes now? Not the condos.
December 1st, 2009 - 2:23 pm
The 1000-1600 sqf town homes are currently being offered as part of the 1st phase at the River City development, they’re separate from the subsidized homes. In short – they’re being sold now.