simuls
Senior Member
This area has appreciated (as all RE in Toronto has) over the last several years, but lags behind almost every other area downtown and that won't change anytime soon. As location, location, location goes the mantra, this just doesn't have it - it seems to, but upon a closer inspection it doesn't. As pointed out above, you pretty much still need a car as the public transport options are abysmal, there are no close grocery stores, restaurants/bars, or cool coffee shops (and Tim Hortons in an Esso doesn't count
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Even the Tip Top Lofts appreciates far more slowly than if it was in another neighbourhood. As an example, I looked at TTL back in 2003 and a 1 bedroom 600 sq foot condo would have cost around $220 000. Now, that same unit will sell for approximately $290 000. The unit I did buy, was at DNA and was the equivalent size (630ft). I bought it for $193 000 and now would sell for about $315 000. So while they both appreciated, the DNA went up in value 63%, but the TTL only 32%. Built and occupied at almost the exact same time and there are lots of other examples across Liberty Village, St. Lawrence Market, Queen West, the financial district, etc. vs. this area.
.Even the Tip Top Lofts appreciates far more slowly than if it was in another neighbourhood. As an example, I looked at TTL back in 2003 and a 1 bedroom 600 sq foot condo would have cost around $220 000. Now, that same unit will sell for approximately $290 000. The unit I did buy, was at DNA and was the equivalent size (630ft). I bought it for $193 000 and now would sell for about $315 000. So while they both appreciated, the DNA went up in value 63%, but the TTL only 32%. Built and occupied at almost the exact same time and there are lots of other examples across Liberty Village, St. Lawrence Market, Queen West, the financial district, etc. vs. this area.
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