Holiday celebrations are starting early this year at Pier 27 Tower on the Lake, the third phase of the sought after lakefront luxury condominium on Queen’s Quay. From now until the end of December, Pier 27 is offering two years free maintenance on their beautiful two-bedroom suite located at the northwest corner of the building.

“This is one of our most prized suites with a panoramic view of the city as well as Lake Ontario,” says Danny Salvatore, President of Fernbrook Homes, a partner together with Cityzen Development in Pier 27. “Just imagine walking home from work in the financial district of Toronto and relaxing on your balcony watching the sunset.”

The 685 square foot suite features two-bedrooms plus a study with a balcony that wraps around the north and west sides of the building allowing for views in both directions.  Priced from just $552,900, this well-designed suite is just one more reason people have recognized the true value of this luxury building as part of the Pier 27 community.

Pier 27 is part of a dynamic and already thriving waterfront community steps from downtown Toronto. The financial and entertainment districts, The Westin Harbour Castle and the historic St. Lawrence neighbourhood are all within walking distance as are restaurants and grocery stores. Those looking for entertainment have the Rogers Centre, Air Canada Centre, Sony Centre for the Performing Arts, Sound Academy and nightclubs close by. For anyone wanting to reconnect with nature, Pier 27 is minutes to the ferry to the Toronto Islands, Sugar Beach, Sherbourne Common, Harbourfront Centre and directly connected to the Martin Goodman Trail, a popular route for joggers, cyclists and walkers. In winter a host of skating rinks are spotted along the lakefront.

The subway and streetcar are within reach as is Union Station, which offers quick access to GO Transit, VIA Rail and the Union Pearson Express to Pearson International Airport. Business travelers will appreciate the close proximity to Billy Bishop Airport.

The unrivalled collection of world-class amenities include a swimming pool on the 13th floor terrace with spectacular views of the city and lake, games room, theatre, party room and expansive rooftop terrace. The fitness facilities include exercise and yoga rooms that have been custom programmed by Movement Haus by Benchmark Group, which specializes in elite, professional-grade training facilities within condominium spaces.

 

To learn more about the Holiday Special at Pier 27 Tower on the Lake, call 416-599-9599. The website is: listofcondo.com

The Toronto Real Estate Board reported its second best sales for December in 2015, which completed a record breaking year for the region’s realtors. MLS sales in the GTA of 4,945 in December took the year’s total to 101,299, a rise of 9.2 per cent over 2014. All major home types saw increases and TREB president Mark McLean commented that a strong overall economy and low mortgage rates encouraged existing and first-time buyers to buy, confident of affordability. He said that inventory restricted sales though: “If the market had benefitted from more listings, the 2015 sales total would have been greater. As it stands, we begin 2016 with a substantial amount of pent-up demand.”
The average selling price for 2015 as a whole was $622,217 – up 9.8 per cent compared to $566,624 in 2014. Low rise homes were the driver of the price rises but condos also gained by above-inflation amounts. “Despite stricter mortgage lending guidelines and the possibility of slightly higher borrowing costs, on average, there will be many buyers who remain upbeat on the purchase of ownership housing,” said Jason Mercer, TREB’s Director of Market Analysis.