Rikk
Active Member
I put down an offer on a unit but I'm just really concerned about 1011 Landsdowne. I know the area is being revitalized and it could be like a Liberty Village story, where it went from a badly designed/industrial area to a hip new part of Toronto, but Liberty Village -from my understanding- never had a "notorious" rental apartment with a super sketchy landlord and tenants. If it stays on that corner, and it will never be demolished, won't it hurt property value?
Anyway I am still in my "cooling off" period and mulling over this and whether I should rescind or go with it.
Also, where exactly will phase 1 be? From my understanding of what the reps told me is that it will be on this side: http://maps.google.com/maps?f=q&sou...qonbsJMpLOobIi27s75Krg&cbp=12,177.02,,0,-8.54 (google streetview)
Hi Nifty,
Well your concern is my concern in regards to 1011 Lansdowne, I have lived in the area now going on 3 years and it has changed very little. But there has been a very strong police presence in the area, and I have done some research on 1011 and have found that the city is well aware of the on going issues. The residents in the surrounding area are also concerned and with pressure mounting from residents there has been some changes. If there is a will there will be change but it takes everyone to voice it....so the more people we have calling the city council (Adam G.) the more they will listen.....with the new development on the south and north corners that building will change I am very sure of it (but I wish it would just implode).
As for demolishing not it would not hurt property value becuase a condo will most likely be built there in its place. Just do not hold your breath on it though!
Phase 1 will be Electric City and phase 2 will be the adjacent building....right now the Brownstones on the Park is also being sold and is reaching 50%......so there will be great change by the time 2011 comes around....I can see phase 2 being sold soon also as it would make sense to build both buildings at once....but that’s just my opinion...
Rikk
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