What a huge improvement! Count me impressed.

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ProjectEnd said:
Agreed. But remember, it's easy to create a Sketchup model. God is in the details and TF's standard detail package is about as far from divine as one can get...
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It's a shame because their use of technology puts their workflow ahead of a number of firms (hence why you see them handed a number of projects for DD/CD) but the finished product and design concept itself is usually severely lacking. This one seems to have some interesting conceptual ideas, though, so I'm just giving them credit for that. We'll see what lay ahead ;)
 
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Quite the project. Probably one of the nicer projects I've seen in a while. Finishes are top notch. With that said, the pricing is just bizare. Would you pay $1.2M for a 1000sqft 2 bedroom and maintenance fees here or pay the same amount or less for a detached house in the area? Pretty easy answer to me. Builders pricing units with the appreciation included. Buyers better hope the market doesn't make a sharp left.
 
If you think you can get a livable detached in this neighborhood for $1.2 million, you're not following the area market that well. Total gut jobs around there are going for a little more.
 
Ottawan said:
If you think you can get a livable detached in this neighborhood for $1.2 million, you're not following the area market that well. Total gut jobs around there are going for a little more.
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Well, include the maintenance fees and you're up to about 1.4, 1.5M for an equivalent house and yes, you can find quite a bit. I actually checked what had sold in the last 3 months.

1M to 1.4M

https://www.bungol.ca/map/?listing=W4152762
https://www.bungol.ca/map/?listing=W4143435
https://www.bungol.ca/map/?listing=W4235204
https://www.bungol.ca/map/?listing=W4244487
https://www.bungol.ca/map/?listing=W4169338
https://www.bungol.ca/map/?listing=W4199754

Hardly gut jobs.

I understand there is a market for nicer condos, I'm just not sure from an investment standpoint if it makes sense. Perhaps people are willing to pay a premium $1150-1300/sqft for condo life over house life.
 
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We have an updated database file if you're interested, and a front page story up with new details.

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Ottawan said:
If you think you can get a livable detached in this neighborhood for $1.2 million, you're not following the area market that well. Total gut jobs around there are going for a little more.
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Maybe not a detached, but that's hardly relevant when we're comparing it to a condo. Certainly you can find some very nice semis and rowhouses around there for about a million.
 
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