This is my first time posting on this website. I am interested in buying a condo for myself in North York and came across Emerald Park. As I am not in Toronto (I am in Vancouver), I haven't actually visited the building. It seems like there's a lot of uncertainties and criticism for this building (e.g. it not being complete, slow construction, not being able to rent out the stores, FirstService residential sucks). But in terms of the residential side, do you think it is a good place to live in? I noticed that it is substantially pricier compared to other condos in North York, is this premium (retail in the building, future TTC entrance) worth it?
Thanks in advance for any advice!
Seriously,.... you really have to ask. You're better off giving all that money to me! At least I'll say thanks with a smile!
EmeraldPark and Tridel's HullmarkCentre tends to be pricier than other area condos because they were marketed as "luxury" condo units,.... the term luxury is really overused,.... but anyways, as yourself,... did Bazis really deliver a luxury condo at EmeraldPark? How was the build quality, construction, material and finishes luxury????
Hmmm,..... EmeraldPark residents started moving in over a year ago (March 2015),..... so how's that coming along? The residential for sale data speaks volume here,.... Emerald Park East Tower (40 storey) has 12 units for sale,.... West Tower (32 storey) has 16 units for sale,... why does shorter tower has more units for sale,... perhaps something to do with shorter ceiling heights,... that's what happens when 8" of ceiling height disappears.
Now compare that to the number of condo units on sale at HullmarkCentre,... only one unit in 35 storey South Tower which opened in Dec 2013m,.... and 7 condo units on the 45 storey North Tower which includes 12 storey of office base,... thus that's really 7 condo units from a 33 storey condo tower which opened in Dec 2014 - a few months before EmeraldPark
Now look at how many condo are for sale at all the other condo towers in the area,.... and surely you'll notice EmeraldPark has a very high number of condo units for sale,... why? Some of these condo units been for sale for almost a year!,... never been lived in,.... some of these condo units are from people who changed their minds and want to move out,.... why?
Look at all these condo units have been on the market for so long without buyers,.... or a large number of residents want to move out,.... the real question is why do you want to buy,... and move in,... seriously??!?!?!
If you really like the area and want on-site retail and direct subway access,.... I would recommend Tridel's HullmarkCentre,.... which has 2 direct subway connections - one for each tower,... and the SouthTower subway access also have direct underground connection to EmeraldPark.
Now I don't know what your situation is,... car vs transit (P2 Parking spots going for 50K at EmeraldPark, cause folks hate having to spin 6 times to get out to street level!),.. then there's kids and the school situation,... most condo residents have hard time getting their kids into the local schools which are packed,... some like EmpressWalk have easy time getting into McKee and Earl Haig since their condo Section 37 paid for the rebuild of those schools,.... Generally east side of Yonge is better school district,....
In the Building area of UrbanToronto, there's like 120 pages on EmeraldPark already,... one thing that's clear is all the constant issues that take forever to get resolved,... delays after delays,... why? Because Bazis overpromised and under-delivered and were constantly late,..... Bazis originally promised 2011 delivery,... they started construction in 2011! When they couldn't keep their 2013 delivery, Loblaw's T&T bailed,..... the subway entrance was supposed to be completed over a year ago,... we'll be very luck if it opens before the end of this year! They finally delivered the 1st floor retail area last fall,.. but didn't meet city specification,... now they've been ripping up drywall and ceiling putting in water and drainage pipes,...
Look, Bazis was clearly in over their heads with EmeraldPark,.... they over-promised and under-delivered,.... and they cut corners left and right,... and when they couldn't find corners to cut, they cut ceiling heights!,.... since buyers brought condo units based on square feet/meter of floor space,... not based on cubic volume,....
In the end,.... it's a big chunk of your money,.... so at least, fly to Toronto or get a trusted friend to visit the building and look at the units,.... better take videos