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$2.2
MILLION BUYS A FLOOR OF YOUR OWN
From Toronto Star - March 1, 2003
ELVIRA CORDILEONE
REAL ESTATE REPORTER
What sort of condo does $2.2 million buy these days in Toronto?
According to builder-developer Shane Baghai, that would be a unit
in his project at 9 Jackes Ave., where construction has started
on a six-storey, six-unit, condominium near Yonge St. and St. Clair
Ave.
Yes, the building has just one unit per floor, each with 3,300 square
feet of living space. Baghai said three of them have already sold.
"It's privacy to the limit to have a whole floor to yourself,"
said Baghai. "We produced something extremely intimate. It
will have very large terraces to take advantage of the view downtown
and balconies to the northeast overlooking the park."
Two elevators will open into each suite at the touch of a finger
— literally. The elevators will be programmed to residents'
fingerprints.
Baghai said it will be a totally "smart" building and
will operate electronically, without even the need for a concierge
if residents choose. A monitoring station would allow residents
to admit deliveries into a self-contained room for parcel drop-off.
At between $2.16 million and $2.29 million, Baghai admits these
suites carry a hefty price tag. But land in this part of the city
that has a clear view of downtown is almost non-existent, he says
and that drives prices up. Baghai said purchasers can virtually
custom design their own units with a "generous" allowance
for finishes included in the price. He will also custom build.
Standard features will include 10-foot ceilings, individual cooling,
heating and hot water systems designed to be energy efficient and
two parking spaces — in a garage with a car wash facility.
"The higher ceilings give you a more airy feeling. Large spaces
don't work with low ceilings because the proportions would be wrong,"
Baghai said.
Baghai said monthly maintenance fees would be $600 to $700 a month.
"We are targeting people who are outside the country part of
the time. Many of them already belong to clubs," said Baghai,
noting there is no common fitness area because each unit has a space
that could be used as an exercise room.
The building's exterior will be a limestone coloured precast, created
and manufactured especially for the project. |
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