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Email

resupport@
axoncapitalrealty.com

Phone/ Fax
416.929.1660/ 416.929.2213

Downtown Office
38 Blue Jays Way,
Toronto, ON
M5V 2G3

Yorkville Office
9 Scollard Street
Toronto, Ontario
M5G 1G3

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According to blogto.com, there is a recent condo project that could change the face of Yorkville. What is this project, you ask? We’re talking about the one Oxford Properties is hoping to build at 2 Bloor Street West.

Oxford Properties has intended to build a condominium in the Yorkville area since 2010 when they had first received zoning approval from the city. Their plans were thwarted due to an appeal by local residents to the Ontario Municipal Board.

Now, in their second try, they’ve recently been approved to construct two completely different towers.  According to blogto.com, one is set to be 125.3 metres while the other has a planned height of 162 metres. One will be located possibly mid-block and one closer to Yonge, with the existing shopping mall that is on the south side of Cumberland St. most likely demolished and replaced with new retail. Blogto.com has further stated that a set of digital renderings were revealed online by ArchitectsAlliance with the designs depicting a very early concept for the L-shaped Yorkville site stretching from Bay to Yonge and down to Bloor.

But there’s a lot to still consider with this recent project. The price of installing these two towers is not just numerical in nature. For instance, it would potentially mean the removal of the 34-storey CIBC building (which is owned by Oxford). If that were to happen, the CIBC building would be the tallest building to ever be demolished to make room for a condominium. Aside from this, there are other factors to take into consideration such as other condominiums currently going through the approval process to be constructed in the Yorkville area. Not to mention, the “plan to create a mid-block pedestrian retail mews from Bloor Street through to Yorkville Avenue.”

Nothing is certain at this time, we will just have to wait and see what becomes of 2 Bloor Street West as time passes.

Sources:

http://urbantoronto.ca/news/2013/07/renderings-surface-sky-high-2-bloor-west-redevelopment-concept

http://www.blogto.com/city/2013/07/giant_condo_project_could_change_the_face_of_yorkville/

http://blog.newinhomes.com/news/renderings-2-bloor-west/

The decision to become a landlord is not one you should make lightly. If you are looking to invest in real estate, there are quite a few things to consider. It is true that becoming a landlord can be a lot of responsibility, but there are also tons of advantages which may not be known to new investors.

Wealth building: If you hold on to property long enough, it will almost always go up in value. This is termed “appreciation” and is a good way to increase your net worth.

Cash flow: If managed properly, a rental property can bring in a steady stream of income from AAA tenants.

Investment diversification: A diversified investment portfolio is one of the most important rules of investing. Owning a property, which tends to be lower-risk, is a good way to diversify your investments.

Leverage: In real estate, a little cash will go a long way – unlike other types of investments.

Being your own boss: There can be a lot of personal satisfaction that comes with being your own boss, especially for those who love independence in their work lives.

There are also tax benefits to owning a property. Here are some of the things you may be able to write off as a landlord:

  • Interest: Mortgage interest payments on loans and interest on credit cards related to rental activity can all be deducted.
  • Repairs: The cost of repairs to your rental property is fully deductible.
  • Travel: Landlords can deduct travel expenses related to the rental activity.
  • Depreciation deductions: landlords can also deduct the depreciation value of their house over 27.5 years, even while they are increasing in value. This will help save some of the positive cash flow without having to owe income taxes.
  • Property taxes: You can deduct property taxes that relate to the rental property for the period that it is being leased.

As mentioned, this is not a decision that should be made quickly. Potential landlords have to ask themselves if they really feel suited for the job. Additionally, certain factors need to be looked into. For one, it is important to calculate the expected cash flow that will be generated from the property (taking into account vacancy time and other expenses).

As always, it would be best to speak to an expert real estate agent about questions or concerns. So, if you have questions about becoming a landlord, we’d love to help! We offer a full range of services for our landlord clients and can make the transition as easy as possible for you. Call us at (416) 929-1660 or email us at resupport@axoncapitalrealty.com to begin discussing your options.

Sources:

http://www.thestar.com/business/2013/05/09/money_monitor_is_being_a_landlord_right_for_you_.html

http://www.marketwatch.com/story/the-tax-advantages-of-being-a-landlord-2013-04-23

http://www.nolo.com/legal-encyclopedia/landlord-benefits-renting-property-29596.html

http://www.nolo.com/legal-encyclopedia/landlord-pros-cons-29494.html

Toronto’s Entertainment District is the vibrant downtown core of our city; busy and bustling with restaurants, night clubs, and, at least in the last decade, a plethora of new condominiums.  Not only is it centrally located and thus steps to everything the city has to offer, it’s now considered a living-friendly neighbourhood as evidenced by the hundreds of condo dwellers who live in the area. With all of this action happening in the Entertainment District, there’s also been a lot of talk about revamping the area.

The Toronto Entertainment District BIA recently unveiled their “Master Plan” to redevelop much of this section of the downtown core. From Queen to the Gardiner, and from Spadina to Union Station, the BIA states their large transformation will be guided by several main principles, including the preservation of historic buildings, the promotion of local businesses and tourism, and the enhancement of streetscapes, open areas, and livable pedestrian environments.

Councillor Adam Vaughan explained that the project will be an ongoing one, and that funding will likely come from a variety of sources over time. This “master plan” effort, along with returning Adelaide and Richmond streets back to two-way traffic, will restore the creativity and economic vibrancy that once characterized this part of the city.

The Master Plan:

  1. Emphasizes pedestrian friendly plazas, hinting at the following locations:

• The south terminus of the proposed John Street Promenade.
• The north side of Rogers Centre and the base of the CN Tower.
• Along Bremner Boulevard between Navy Wharf Court and the Rogers Centre.
• At the north and south entrances to Union Station.
• At the north-west and south-west corners of Metro Square
• Two potential small-scaled plazas associated with new developments at the north-west corner of John and Front Streets and on Nelson Street between Duncan and Simcoe Streets.

  1. The plan also refers to the importance of maintaining height restrictions, improving street furniture, installing a significant amount of public art, and emphasizing sustainable design practices.
  2. Returning Adelaide and Richmond back to two-way traffic is also an upcoming debate in the future of TED.
  3. Perhaps the most recent and most controversial plan for the area is the proposal for a car-free King Street to speed up the morning streetcar commute. TTC commissioners are examining the prospect of making King Street car free during set hours in the morning. The King. streetcar line is the TTC’s busiest surface route with 56,700 riders a day — more than the Sheppard subway line’s ridership.  The proposal is still in the very early stages and is in no way final, but it is certainly a serious plan to keep an eye on. The TTC Commissioner said they “could reasonably pilot something” in the next year in and a half.

Condos in the Entertainment District:

Sources:

http://spacing.ca/toronto/2009/06/16/entertainment-districts-master-plan/

http://www.nowtoronto.com/news/story.cfm?content=178712

https://www.facebook.com/TorontoEDRA

http://life.nationalpost.com/2012/02/14/brad-pitt-is-that-you-torontos-entertainment-district-is-full-of-surprises-which-is-part-of-the-fun-of-living-here/

Just when you thought there couldn’t be any further condo developments announced in the city of Toronto, a newly suggested project has been proposed by Cadillac Fairview for Yonge and Queen.

Still in the city’s approval process since the development application was first submitted in mid-April, according to blog.newinhomes.com, “the owner of 2 Queen St. W. is seeking permission to develop a 65-storey, 220-metre and 580-suite rental building.” If the project is approved, what is the current retail location of the company Atmosphere is said by blogto.com to become the base of the new residential tower as “the store’s interior would become the podium for the building.”

Aside from the development’s rental property function (sole rental developments are not often seen in Toronto anymore), it’ll also feature a commercial component. And, since it will be located in one of the busiest downtown intersections, the development will have many environmental features; for instance, it will have 580 bicycle spaces and zero parking spots.

But, what prompted Cadillac Fairview to propose it as a rental building in the first place? Well, according to blog.newinhomes.com, a recently released Rental Report stated that a total of 3,919 condominium apartments were leased in the MLS system in the first quarter of 2013, which is up 31 percent from a year ago.” With statistics like that, it’s no wonder why this type of development was proposed. This is one rental property that will definitely appeal to people looking to lease in the downtown area.

Although some early renderings of the project have leaked (see above for an example), it’s still a lengthy process before we get to officially see it come to life. According to blogto.com, “a preliminary city planning report is due in June and a community meeting will likely be scheduled for July. Feedback from that meeting and the thoughts of the planning department will be handed back to Cadillac Fairview for them to take into consideration. A final report, with recommendations, won’t be given to council until at least next year.” So, stay tuned to find out what becomes of 2 Queen St. W.

Sources:

http://www.blogto.com/city/2013/05/massive_condo_tower_proposed_for_queen_and_yonge/

http://altwire.utne.com/rt_story/urbanist_v4/massive-condo-tower-proposed-for-queen-a/38587672427738567a7552533154515a622f773633773d3d

http://blog.newinhomes.com/news/rental-building-headed-yonge-queen/

http://blog.thedirt.co/2-queen-street-west-65-storey-rental-tower-proposed/

Condo hunters are bound to face this age old adage: to live above 10 storeys or not to live above 10-storeys high?  Seriously though, apartment complexes in ancient Rome grew to ten storeys and higher, so there’s nothing too new about the concept of high floor living!

In a vibrant city like Toronto, condo development is at a fever pitch, and it seems like a new skyscraper is built every other week.  So, for any new condo hunters out there trying to decide between living up high or closer to the ground, we bring you some important news: according to a recent study, living on a higher floor could mean a longer life.

Amazing, right? We promise this is not just a hunch- it’s scientific. Living on a higher floor could substantially decrease the likelihood of developing many fatal diseases.

A study by scientists in Switzerland was conducted by analyzing more than 1.5 million people living in buildings with 4 floors or more.  The result? They found that the chance of dying from serious lung disease was 40% greater among residents who lived on the ground floor compared to those with an apartment on the 8th floor or above.  For heart disease, mortality rates were 35% greater among those at ground level and for lung cancer the risk of death increased by 22%.

The researchers concluded that pollution was a huge factor in this decreased risk to disease, but also that exercise was a positive influence on health. (No way! Who would’ve thought?!)

Beyond these enlightening health benefits, there are some other factors that you might want to weigh when considering if a high floor level is the right choice for you!

Pros of living higher up:

  • Less chance of dying from lung disease
  • Lowered risk of dying from heart disease
  • More secluded
  • Less traffic/street noise
  • Less pollution
  • More exercise (if you walk up the stairs and boycott the elevator- hint: do it!)
  • Better views
  • Better security (less exposure to and risk of crime)
  • Did we mention you are less likely to be exposed to FATAL diseases??

Cons of living higher up:

  • Higher cost
  • More secluded
  • Scary for people with a fear of heights
  • Less likely to go outside as often
  • Takes (marginally) longer to get outside
  • Temperature (because higher floors are exposed to direct sunlight for long periods, it will probably get pretty hot up there- but we’re assuming those who can afford sky rise condominiums have A/C)
  • Unless you have a big balcony, you won’t have access or exposure to much greenery
  • More difficult to bring things in and out (ie. Groceries, moving boxes, furniture, etc.)

Considering all of the above, would you live on a higher floor?  Let us know below!

We hope we’ve helped you gain a little insight on what you value in a condo most!

Sources:

http://scottandkat.ca/life-on-a-higher-floor-means-a-longer-life/

http://mindshapedbox.wordpress.com/2011/10/04/high-floor-high-life-what-changes-as-you-climb-upwards/

http://www.dailymail.co.uk/health/article-2328400/The-secret-long-healthy-life-A-HIGH-rise-flat-People-live-eighth-floor-22-likely-die-early.html

http://apartments.about.com/od/apartmenthunting/a/whichapartmentfloor.htm

http://news.menshealth.com/live-on-the-ground-level-read-this/2013/05/28/

It’s that time of year again folks – the time where we get together to explore and enjoy our amazing city!  Many of us take for granted all the amazing sites and activities that Toronto has to offer, especially in the warmer months.  Now that spring is finally here, it’s the perfect time to lace up your walking shoes and participate in the annual Jane’s Walk.  This year, Jane’s Walk takes place from the evening of May 3rd to May 5th.

Jane’s Walks, named after the famous urbanist Jane Jacobs, are a series of free neighbourhood walking tours that aim to put people in touch with their city and with each other. They do so by bridging social and geographic gaps and creating a space for cities to discover themselves. Since its inception in 2007, Jane’s Walk has happened in cities across North America, and is growing internationally.

Below we’ve included some highlights from this year’s schedule, but you can click here for the full itinerary and details.

Here are some walks you might enjoy:

Saturday, May 4th @ 10am (3 hours): King and Spadina: One of The Two Kings

The Good Neighbour The Artist The Fun & The Furious The Aesthete

A quick tour of parts of the Roastery building(taking in the 10 foot square portrait of her created by artists John Scott and Deborah Waddington and roof garden – which Jane Jacobs loved and wrote about in the New York Times magazine). It will then proceed through the streets of King and Spadina and discuss the history of the zoning changes that occurred in ’97 and the impact it had on the area, the buildings, and people.

Starting Point: The Roastery, 401 Richmond St. West
Ending Point: Victoria Street Square

Condos you might see along the way: Charlie, Glas, M5V, The Morgan, Victory

Saturday, May 4th @ 11:30 am (1.5 hours): NOT the history of Liberty Village – digging under the skin and behind the curtain.

This walk will explore the contrast between Big Data – the things we know, see and experience about a place vs. Small Data – the questions, insight and, yes, the history that we don’t know, can’t see, never stop to question or couldn’t readily find out about our community.

As we circumnavigate Liberty Village, we will be exploring this concept in a different way – through narrative and with immersive technology – a smart phone app.

Starting Point: Starbucks in Liberty Village
Ending Point:
Starbucks in Liberty Village

Condos you might see along the way: Battery Park, King West Life, Liberty Market Lofts, Toy Factory Lofts, Zip

Saturday, May 4th @ 10:30 am (2 hours): Historical Walking Tour of Yorkville (Part 1): The Parks of Yorkville

Join Councillor Kristyn Wong-Tam and Architects Ken Greenberg and Michael McClelland for a walking conversation on how the future of Yorkville can be shaped in the context of current development, while taking in the unique heritage of Yorkville including the Yorkville Public Library and the award winning Village of Yorkville Park.

Starting Point: Yorkville Public Library
Ending Point: Village of Yorkville Park, Cumberland St

Condos you might see along the way: 18 Yorkville, Crystal Blu, the Florian, the Four Seasons, the Lotus

Saturday, May 4th @1 pm (2 hours): Transforming Queens Quay — Toronto’s Main Waterfront Street

Learn more about the $110 million revitalization project now underway that is completely transforming Queens Quay – Toronto’s main waterfront street – into a world-class boulevard.

Starting Point: Spadina Wave Deck
Ending Point: Canada’s Sugar Beach

Condos you might see along the way: Berczy, L Tower, Maple Leaf Square, Pier27, Pinnacle Centre

Saturday May 4th @ 1pm (1.5 hours): Murder!

A tour of historic murders in the Annex neighbourhood.

Starting Point: Steps of 371 Bloor St W

Condos you might see along the way: 1 Bedford, Exhibit, Museum House

Saturday May 4th @ 1pm (2 hours): Early Toronto: Heroes and Rogues in the Old Town of York

On this tour, you’ll wander the streets of the old Town of York, and find out where some of the most bizarre people in the town lived and worked. You’ll learn about Toronto’s earliest history, but also have the chance to transport yourself back in to the past, to become a resident of the old Town of York for an hour or two, and spy on your neighbours!

Starting Point: The Market Gallery
Ending Point: Distillery District

Condos you might see along the way: Clear Spirit, The King East, King’s Court, Mozo, the Richmond

Sources:

http://www.janeswalk.net/index.php/walks/canada/toronto/

http://wx.toronto.ca/festevents.nsf/RSSAllCurrent/DE904F246020831D85257B30006A1B80

https://twitter.com/JanesWalkTO

Great Gulf has just launched their VIP Platinum Broker pricing for YONGE + RICHmond. As a VIP Platinum Broker Kaive Wong has access to special limited time offer pricing and is also offering initial incentives for purchase exclusive to Axon Capital Realty. Take advantage of this offer starting April 12th, 2013 at noon.

About the Building

Located just east of Yonge, live at the centre of it all with everything you can imagine. Enjoy easy access to the subway, the PATH, Eaton Centre, U of T, and the Financial and Entertainment Districts. Live with luxury amenities, expansive terraces, and views of the lake and city. YONGE + RICH is a dramatic 50-storey tower, designed by celebrated architectural firm, Architects Alliance. The building is at the southeast corner of Richmond and Victoria Street with the main entrance off Richmond Street East.

Early Lobby Rendering

Breathtaking double-height lobby and extensive amenities designed by internationally-renowned interior design firm Burdifilek. Amenities will be located on the entire fifth floor and will include yoga / aerobic/ pilates room, his and hers steam and change-rooms, cardio room, weight room, fi tness training room, billiard room, kitchen / dining / bar lounge area, and pool side lounge. This floor opens onto a spectacular garden designed by acclaimed landscape architect, DTAH. This resort-in-the-city style area will include an outdoor swimming pool and hot plunge, BBQ area, seating, sunning areas and trees.

Building Amenities

  • 24 hour, 7 day a week concierge including virtual concierge service through custom-designed mobile application.
  • Underground parking with security monitoring from concierge station.
  • Underground garage painted white and lit with fluorescent lighting for added safety and security.
  • 4 custom-designed high-speed elevators.
  • Paid visitor parking for cars on the uppermost parking level.
  • Mailroom conveniently located beside front lobby.

Suite Features

  • Ceiling heights of approximately 8’6” up to and including floor 21, and approx 9 ft. on floors 22 and above. Ceiling heights are exclusive of bulkheads, which are required for mechanical purposes such as kitchen and bathroom exhausts, and heating and cooling ducts.
  • Choice of designer-selected pre-finished engineered flooring throughout.
  • Choice of one paint colour, from builder’s standard samples.
  • Solid core entry door with security view-hole.
  • Samsung electronic door hardware with RFID / security code access.
  • Sliding or swing doors in bedrooms, as per plans.
  • Architecturally-designed baseboards, door frames and casings.
  • Brushed metal door handles and hardware.
  • White, plastic-coated, ventilated wire shelving in all closets.
  • Insulated double-glazed, aluminum windows.
  • Stacked compact brand-name washer/dryer with exterior venting in all suites, as per plans.

The Kitchens

    • Contemporary kitchen cabinetry custom designed by Burdifilek, in a variety of materials and colours, from builder’s standard samples.
    • Choice of quartz kitchen countertop, from builder’s standard samples.
    • Glass tile backsplash, from builder’s standard samples.
    • Single bowl stainless steel under mounted sink with contemporary design faucet.
    • Choice of pre-finished engineered flooring, from builder’s standard samples.
    • Stainless steel appliances including full-height counterdepth 25” refrigerator for one bedroom and one bedroom + den suites (30” refrigerator for two bedroom and two bedroom + den suites), 30” self-cleaning range, built-in dishwasher and built-in microwave, as per builder’s standard samples.
    • Integrated stainless steel hood fan, as per builder’s standard samples.

Kitchen and Living Room

The Bathrooms (master bathroom or main bathroom in one bedroom suites)

  • Choice of quality Burdifi lek custom designed cabinetry in a variety of materials and colours, from builder’s standard samples.
  • Choice of quartz countertop with undermount ceramic sink and polished chrome faucet.
  • Burdifilek custom designed mirror above vanity.
  • Wall mounted lighting above vanity.
  • Choice of 12”x24” porcelain tile, from builder’s standard samples.
  • Soaker tub with shower rod, as per plans.
  • Steel accessory package including towel bar and toilet paper holder, where applicable.
  • Choice of full height porcelain wall tiles in tub/shower enclosure, from builder’s standard samples.
  • White plumbing fixtures.
  • Exhaust fan vented to exterior.
  • Pressure balance valve for tub.

Bathroom

The Second Bathrooms (in two bathroom suites)

  • Choice of Burdifilek custom designed quality cabinetry in a variety of materials and colours colours, from builder’s standard samples.
  • Choice of quartz countertop with undermount ceramic sink and polished chrome faucet.
  • Burdifilek custom designed mirror above vanity.
  • Wall mounted ceiling lighting above vanity.
  • 12”x24” porcelain fl oor tile from builder’s standard samples.
  • Full height porcelain wall tiles in shower enclosure, from builder’s standard samples.
  • Frameless glass shower enclosures, as per plans.
  • White plumbing fixtures.
  • Steel accessory package including towel bar and toilet paper holder, where applicable.
  • Exhaust fan vented to exterior.
  • Pressure balance valve for tub and shower.

The Technology

  • Building to feature virtual concierge service through custom-designed mobile application.
  • Emergency voice communications system, smoke, heat and carbon monoxide detector where applicable in each suite.
  • High-speed Internet access provided with “future technology-ready” features in all suites.
  • Rough-in for future security system.
  • Pre-wired for cable TV and telephones as per plans.
  • White “Decora” switches and outlets.

For more information, exclusive offers, floorplans, pictures and renderings, visit our exclusive site at: http://www.beyongeandrich.com

To make up for this fall-like weather, a great article on welcoming summer into your home: http//bit.ly/jSV8s7 via @AptTherapy

To make up for this fall-like weather, a great article on welcoming summer into your home: http//bit.ly/jSV8s7 via @AptTherapy