Jim Burtnick for Mansion Global: Toronto is going through a boom

Jim Burtnick for Mansion Global: Toronto is going through a boom

Jim was recently featured in an article for Mansion Global, about Toronto's luxury market. Here is an excerpt from the article.

The Toronto luxury real estate market is booming. In fact, the condo market in Toronto has grown considerably and gone much more high end in the past five or six years, according to Jim Burtnick, of the Torontoism team at Sotheby’s International Realty.

“Toronto is going through a boom,” he said.

High-end condo development began in Toronto with hotel projects like the Four Seasons, Ritz Carlton and Shangri La. From there, the options boomed. Now buyers have many choices, from high-rise buildings on the harbor, to boutique condos in residential neighborhoods like Summerhill and Rosedale.

Many new developments have been planned for Yorkville, which, according to Paul Johnston of Unique Urban homes, was “once the city’s hippie-centric counter-cultural community, and is today the epicenter of monied luxury and the location of a growing range of condominium options.”

And there are even new condos sprouting up in the areas of Toronto filled with single family homes, such as Forest Park.

Here’s a roundup of some of Toronto’s new developments.

One Bloor

Bloor_InBody

This 76-story tower is located in Yorkville, Toronto’s equivalent of Manhattan’s Fifth Avenue. Owners have begun moving into the lower floors, and full occupancy is expected later this year. It is near luxury shopping, like Gucci, Chanel, and Cartier, and walking distance from the Royal Ontario Museum. Designed by Hariri Pontarini Architects, the 732-unit building has an undulating shaped design to offer maximum light and views over the skyline. There is also a podium on the sixth floor, which houses a 27,000-square-foot amenities area designed by Cecconi Simone, and an amenities terrace over the podium, which is 19,000 square feet and designed by Janet Rosenberg + Associates. Amenity highlights include an elaborate spa area with treatment rooms, his-and-hers cold plunges, hot plunges, steam rooms and aromatherapy rooms, and ice fountains.

  • Number of units: 732
  • Price range: C$520,000-C$2.45 million (US$399,000-US$1.88 million)
  • Developer/architect: Great Gulf Homes/Tucker HiRise Construction/Hariri Pontarini Architects
  • Apartment sizes: Two- to four-bedrooms, ranging from 2,500 square feet to 3,700 square feet
  • Amenities: Indoor and outdoor pool, terraces, spa, hot tub, fitness area with yoga, cardio and spin rooms, relaxation areas.
  • Website: OneBloor.com

128 Hazelton

128-hazelton-exterior-1-min

Located very close to 1 Bloor, but on a village-like street filled with townhouses, 128 Hazelton bills itself as “the last of its kind.” The building’s sales have launched, and tentative occupancy is for 2019. The mid-rise boutique building, designed by Mizrahi Developments and Gianpiero Pugliese of Audax, takes its influence from 19th century Haussmann style buildings in Paris. The apartments feature terraces overlooking the city’s verdant parks and glassed-in winter gardens so residents can still be outside when it is cold. There are also luxurious master suites and formal foyers. The building also has 24-hour concierge, valet parking, an event room and dining room with chandeliers, a lounge, fitness area, and backyard garden with dining.

  • Number of units: 20
  • Price range: An available apartment on the fifth floor is C$5,911,000 (US$4.53 million). It is 3,294 square feet with two balconies, faces north, east and south and comes with two parking units and a locker.
  • Developer/architect: Mizrahi Developments and Gianpiero Pugliese of Audax
  • Apartment sizes: 1,354 square feet to 1,916 square feet, excluding the penthouse apartments
  • Amenities: Terraces, winter gardens, master suites, formal foyers, 24-hour concierge, valet parking, an event room and dining room with chandeliers, a lounge, fitness area, and backyard garden with dining
  • Website: 128Hazelton.ca

Read the full article here.

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