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Torontonians-Your preferred condominium location?

Torontonians-Your preferred condominium location?

Mar 22nd, 2006, 08:57 AM
  #21  
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Thanks to all of you for your wonderful help. REaltors have a vested interest and preferences. It is good to talk to people that don't have anything to sell..they just want to lend advice!
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Mar 22nd, 2006, 01:07 PM
  #22  
 
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If your daughter still has a year or two left in law school, my suggestion would be that she suck it up and rent a place close to York, rather than buying a condo downtown. I say this for a few reasons:

1. As a law school grad myself, I remember all the very late nights working in the law library. While t.o. may be safer than it was when I was living there in the mid 90's, as a 6' solidly built guy, I never felt particularly safe riding the subway at night, and I can't imagine having to regularly ride it at midnight all the way from York to downtown.

2. Unless your daughter is at the top of her class and feels confident that she will stay there, there is no guarantee that she will end up with an articling position at one of the Bay Street firms, and even if she is "lucky" enough to land one of those positions, there is no guarantee that she'll be kept on at the end of the year.

I know that the market continues its upswing, but your daughter is on a career track where her salary will be on an upswing as well. I suggest that she rent until she has a better idea of where her life is going to lead her. From experience, I never thought that after law school in Saskatchewan, I would end up articling in t.o., and then moving back home to Calgary to practice, once I realized that the t.o. lifestyle wasn't for me.

Hope some of this helps...
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Mar 22nd, 2006, 02:06 PM
  #23  
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Thanks Terrence...the problem is that she does not feel safe at all up at York. She does not go out after dark unless she is with someone. Moreover, all of her work is done at her place not at the library in the evening hours. I know what you mean by the unknown though, because who knows where she may be articling and working in the summer. A very,very small percentage of law students live up near campus for obvious reasons. Rents in decent places are going to be $1000 a month, I figure.
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Mar 22nd, 2006, 11:17 PM
  #24  
 
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Rents in decent places downtown are going to be more than $1000 a month, even shoebox apartments. If you're willing to take the risk that the apartment you buy won't be convenient for where she ends up articling (so that you might end up trying to rent it out), buying is still probably a better value than renting. Just make sure you buy something with a view to resale value and rental value.

Furthermore, even if she doesn't end up articling downtown, a condo in the financial district, entertainment district, Yonge/Bloor up to St Clair area would still be well-located for commuting. A lot of the small criminal law firms are centrally located, there are a number of small firms up around St. Clair and there are companies with in-house law groups throughout the downtown area and clustered around subway stops from St Clair North. So, if she's on the North-South subway line or within a short walk, it will be easy to get to work. '

As for the seediness factor of Yonge Street, I wouldn't recommend walking up and down Yonge Street as a way to get to work anyway - because it's too congested. Walk on Bay, which has very wide sidewalks and fewer crowds (although enough people and well-lit so it feels safe). I never felt unsafe walking up and down Bay (sometimes coming home in the middle of the night, after a long night at work). Using Bay Street for the commute works if she doesn't live too far east of Yonge.

BAK - By the way, you can't just transfer from one law school to another, especially from one Toronto school to another. You can only transfer if there's a vacant place, you have really good grades and you have a compelling reason for the transfer (e.g. I know someone who allowed to transfer from Queen's to UofT because he married someone who lived in Toronto). It's hard to come up with a compelling reason to transfer between two schools in the same city.

Also by the way, although many lawyers who went to UofT or Osgoode swear by the school they went to, a few of us went to both (LLB and LLM) and like both (although for different reasons) ...
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Mar 23rd, 2006, 06:53 AM
  #25  
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Kate..certainly we want to buy with a good plan for resale..the realtor we are working with has suggested 942 Yonge, 30 Hayden, 55 or 85 Bloor street E(pricey) and 24 Wellesley...in our price range of course. A second realtor has mentionned that there is nothing much in my price range north on the Spadina line beyond Bloor..and both are saying we are going to be hard pressed to find something below 300 up at Yonge and Eglinton.
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Mar 24th, 2006, 11:04 AM
  #26  
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See pg G12 today's Globe
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Mar 24th, 2006, 06:05 PM
  #27  
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Will try to get one in the morning...thanks, Annemarie
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Mar 28th, 2006, 04:02 AM
  #28  
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Well, I am sure you are all dying to know about my tour on Sunday morning!! Ha,Ha! Well, we did check out Merton and seem to really like that location for our daughter. As well, some of the condos bordering the cemetery(yes) appear quite nice. We will have to get a viewing here for sure. I showed my husband 24 Wellesley and he agrees with Bak that as it is so close to Yonge it is a bit dodgy an area. Mind you, if you turn right out of the building you are on Bay at the Sutton Place hotel...and that condo is still available and quite large..oh dear. My husband was inclined to think that Bay might be a good location after all..isthere an area of Bay that you would stay clear of? I have listings for 711 and 736 Bay around College?? We also liked 942 Yonge at Belmont..seemed like a good location...anyhow, any experiences with these places...I know, you really thought I would go away..ha,ha! Have a good day!
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Mar 28th, 2006, 04:39 AM
  #29  
 
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I'm glad you made out ok on your 'adventure'! Going into Toronto is always an education for me from out here in the boonies of Oakville, Burlington.
As I mentioned, my mom lived for years around Davisville, but actually lived right on Merton Street ,backing on to the cemetary. SHe loved it and always felt safe.
Can't help with the other locations.

BUt will add, people were practically lining up at her door when she sold, so I'd say Merton St is a good investment.
Good luck.
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Mar 28th, 2006, 07:07 AM
  #30  
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PRetty much anywhere on Bay is potentially a good place to live.

One ofmy business partners used to live at the top, where Davenport meets Bay. There's a nice park just north for dog walking, and all the temptations of Yorkville are right there. Plus Pusiteria's across the street, and Whole Foods two blocks away.

Down around College used to be teh favorite for purchasing the company of young men; I have no idea if that has changed significantly. On the other hand, police headquarters is there, too, And it's only one block from Bay and College to a giant Winners.

I've been wandering around farther south -- Entertainment district-- and continue to believe there's a lot to be said for being where you want to end up. i.e. Don't pick a place that's hal;f way between various places you want to be.

i.e. -- chances are really good she'll never work within walking distance of Yonge and Merton. Chances are very rare she'll live within walking distance or Yonge and Eglinton.

Maybe she'll work close to Yonge and St. Clair.

More likely she'll work near Yonge, from Dundas south to Front.

Going to school, adding five, ten, maybe 15 at the most to the trip while sitting on a subway train is not all that onerous.

And check the routes. Do you walk from Merton to the Davisville Station, get on the subway, ride to Eglington.. Get off, Find an Eglinton bus. Ride to where the Uniersity subway crosses Eglinton, get off the bus, get on the subway, ride to the top, get off the subway and onto the bus?

Or, from somewhere close to Yonge and Queen or University and King, get on the subway and ride to the end and get on the bus for York?

BAK
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Mar 28th, 2006, 07:25 AM
  #31  
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Thank you so much for the responses already...just last week my daughter went to a meeting up at Yonge and Eglinton and she took the express bus from York U to Sheppard and then the Yonge subway down.(There is apparently an express to the top of Sheppard and Finch now, or she never knew about it before) She has taken both subway lines and says the Yonge one is newer and much better lit..I don't know, I don't take it. From Merton you walk to the Davisville subway and go north or south. As well, well you guys all know better than me, there are a wealth of businesses all the way up Yonge up and down for her convenience. I don't know if she would really want to be right at the corner of Yonge and Bloor(viewings there)..it appears congested..but Bay maybe or even the Memphis at 942 Yonge halfway between the Rosedale line and the Yonge/Bloor line seems less congested. We have a tentative set up with a realtor for this Sunday to see some spots so maybe we will get a better feeling. Other than Opera Place, why do I get the feeling that someof the places on Bay are older or maybe not as well taken care of because of the university crowd(rentals therefore)?
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Mar 28th, 2006, 10:02 AM
  #32  
 
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Bay Street is dull dull dull except at Bloor. Even though at College Street it is handy to have the 24-hour Dominion for groceries and a Tim's. With that Sheppard bus, she's better off at Yonge/Eg or Davisville. I wondered if the agent who said the condos north of Eglinton were in the $400,000 range meant those built just north of Sporting Life for the retiring Lawrence Park crowd?
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Mar 28th, 2006, 10:19 AM
  #33  
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Yes, the realtors I have been getting replies from said there was not much in condos up between St. clair and Eglinton off of Yonge..not in our 300,000 or so range for a 2 bedroom. On our drive we actually did not see too much already constructed. That MintoMidtown development seems to be in a good location but will not be ready for 1-2 more years.
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Mar 28th, 2006, 07:03 PM
  #34  
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Can't figure out why fodors is not recording latest messages to the left!
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Mar 29th, 2006, 03:00 AM
  #35  
 
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I think sometimes it does take more than a few minutes. Sometimes I go out and back in again a few minutes later and they appear.

Hopefully that's what you meant.. only a few minutes delay.
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Mar 29th, 2006, 04:56 AM
  #36  
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Seems to be working now..thanks, Kodi...until this am it was not showing most recent discussion consistently
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Apr 3rd, 2006, 03:44 AM
  #37  
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Another question has just come up for you, the experts! We have come across a building on Holly(Yonge and Eglinton)that is available..very spacious condo(1250 sq.ft) but it does not come with a parking spot. Apparently, if one comes up, you can rent it from other tenants in the building if they don't need theirs..but nothing available for the moment. What do you think of purchasing a condo(excellent location) that has no parking spot..?
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Apr 3rd, 2006, 06:15 AM
  #38  
 
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There's paid parking in the area of Holly Street including at Canada Square across Yonge. I've heard rent for parking spaces can go as high (at King/Yonge) as $175 a month. Holly Street is a good location - your daughter isn't going to have a car so I'd so go for it.
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Apr 3rd, 2006, 06:55 AM
  #39  
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You need parking.

Note, to start -- you are wondering about tbuying the place, depending on parking. the same thought will be in the minds of purchasers when she's trying to sell this property later.

Note, to continue -- if she's going to live there for five years or more, I'm betting she gets a car, especially if she has clients off the subway route, or works for a law firm off the subway route.

About parking rates -- I walked down to Harbourfront yesterday to take some pictures, and stood in awe of all the condos. But I also noted that there's much less parking now for people coming to the Rogr Centre and the Convention Centre and the theatres, and what parking there is costs a lot more than it used to.

So don't anticipate reasonable rents from condo parking spot owners, and don't anticipate resonable rates from "professional" parking lots.

Assume the worst.

Sobey's is opening a supermarket at harbourfront, which will improve life for many condo residents down there.

Leaving aside the parking problem, Yonge and Eglinton has been a really nice area in which to live for a long, long time. I used to work at Holly and Eglington, and had clients there for years.

But there's a reason there's big tradeoffs between apartment size, building location, and price.

I keep thinking about walking to work being a big attraction. Of course, that's a gamble, as as been pointed out before. no guarantee where she will article, nor where she will work.

BAK
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Apr 3rd, 2006, 02:18 PM
  #40  
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Exactly...she would jump at the chance of living in the Yonge and Eglinton area. We need to be sure that it is a wise investment nonetheless. My husband is presently researching the whole concept,i.e., where did our parking spot go asmost people in the building have one..he says that, around the time that building was constructed, there was a bylaw allocating a spot for each residence..I don't know, we shall see!
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