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Latest UrbanAction Reports: Kingly, The One, Panda (Condos)

Posted in Toronto Rental Market, Toronto Real Estate

BROUGHT TO YOU by URBANACTION

Enclosed for your evening (or early morning!) read are the UrbanAction reports for Kingly, The One and Panda. Additional UrbanActions will continue to follow up until the holidays.

·         Kingly Condos is a joint venture by Allied Properties and RioCan Living at 620 King Street West, west of Portland Street in the Downtown West submarket. The 16-storey under construction tower with 133 units was originally conceived as a purpose-built rental apartment development. Suites range in size from 424 sf to 1,779 sf with end-selling prices from $389,900 to $1.920 million. Parking is an additional $65,000 and one locker is included in the purchase price. Opened to strong broker demand in mid-October, the development is 92% (123 units) sold at an average launch index price of $936 psf.

·         The OneCondos will be the tallest mixed use new condominium apartment development launched to-date in the GTA and Canada. The85-storey tower at 1 Bloor Street West at Yonge Street along the Mink Mile in the Bloor-Yorkville submarket has also already started construction. Mizrahi Developments is offering 416 units ranging in size from 591 sf to 6,037 sf with prices between$779,900 and $16,899,900. Parking is offered exclusively through a valet service for $500 per month and one locker is included in the purchase price. The average index price at launch was $1,866 psf with 70% (291 units) of units sold to-date after launching to brokers in late October.

·         Panda Condos is situated at 20 Edward Street, west of Yonge Street just north of Yonge-Dundas Square and the Eaton Centre in the Downtown Core submarket. The 30-storey tower on the site of the former World’s Biggest Bookstore from Lifetime Developments will feature 540 units ranging from 356 sf to 1,035 sf. End-selling prices range from $376,900 to $1,264,900 with parking an additional $80,000. The project was launched to brokers at the end of October at an average index price of $1,156 psf. A total of 378 units, or 70%, have been sold.

BROUGHT TO YOU by URBANACTION