Property Weekly

Pleasant way to stay in Toronto

December 5 - 11, 2007
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Toronto, Canada's largest city is the one of the most vibrant in North America.

The financial and commercial centre of the country, the real estate market in this eclectic, cosmopolitan city is booming.

Scores of investors have flocked to the city to take advantage of what is undoubtedly one of the few success stories not have been hit by the American subprime mortgage crisis. Thousands move to the city every year making it the country's most populous region and prices are spiralling accordingly.

The area where this extensive eponymous development - 900 Mount Pleasant - is located is one of Toronto's most desirable residential neighbourhoods. It is the heart of uptown Toronto, but just 10-15 minutes from downtown which makes the reasonable prices tags of new development surprising.

One-bedroom apartments start at $239,000 (BD90,600), penthouses from $599,000 (BD227,000) and townhouses from $769,000 (BD292,000).

Located in the north of the city, Mount Pleasant is a stylish, established area, with plenty of boutiques, shops, restaurants and schools.

It is just a short stroll from Yonge Street, one the longest streets in the world. It is also close to Eglinton, which is full of cafes and fine-dining spots.

Developers say Mount Pleasant will be a classic design with lots of glass to flood properties with natural light.

The newly released development is set on a large plot with plenty of surrounding greenery. A terrace that wraps around the development creates a lush garden patio environment. There will be more than 1,500 trees and plants.

The development ranges from comfortable one-bedroom apartments to luxury townhouses and penthouses.

There is a choice of 60 ounce plush carpeting or Sisal or Berber broadloom of hardwood flooring for living rooms, dining rooms, bedrooms and dens.

There are elegant classic embossed panel doors throughout. Kitchens are well-equipped and stylish with ceramic floor tiles of hardwood floors, bespoke cabinetry in maple or oak and granite work surfaces and counter tops. Bathrooms are marble or porcelain with showers and baths with marble vanity counters.

The townhouses are incredibly spacious, totalling 1,688 sq ft with an additional 556 sq ft lower level.

Typical townhouses are spread over three floors with three large bedrooms, a private underground garage and spacious lower level recreation room.

Penthouses command impressive views and come with up to two bedrooms, some split into duplexes, most with vast terraces.

Apartments range from one bedroom apartments to two bedroom apartments with dens - all of which are large and well-designed and laid out.

There are also plenty of useful amenities. An event lounge with a reception space, kitchen and terrace that there are also a multi-media room and billiard room and library. There is also a guest suite for overnight visitors, a fitness club and a boardroom.

Parking spots are included with all properties apart from one-bedroom apartments.

An excellent sought-after location in a great city, this development is good value for money and an appealing investment opportunity.







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