Friday, October 1, 2010

Condo Sales: The Past 30 Days at Waterclub Condos

This week, let’s head to Toronto’s popular Harbourfront for a look at Kolter Group’s Waterclub.

The Waterclub's three blue glass and concrete towers – completed from Spring 2004 to Summer 2005 – overlook Toronto’s waterfront to the south and its distinguished downtown skyline to the north. The development offers a wide range of studio to three-bedroom suites, and is probably best known for its first-rate amenities which include an indoor/outdoor pool and sun deck that are visible from street level.

In the past 30 days, a total of five units have sold at the Waterclub with prices ranging from $301,000 for a 1-BR suite to $438,000 for a 2+Den unit of about 550 to 1,000 sq ft, respectively. Eighteen units were also leased over the past month, from $1,250 for a studio suite to $2,450 for a 2+Den.

If you’re wondering how property values have held up over the past couple years, a 1-BR suite that sold in April 2005 resold this past June for $90,000 more than it did five years ago, while another 1-BR unit that sold in September 2006 recently resold for $83,000 more than it did four years ago.

For more information on Waterclub condominiums, please click here.

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Please note that units can vary greatly in features and finishes which would normally be considered in any purchase or sale. Any transactions outlined above are for general information purposes only and may not reflect those of typical suites. is not responsible for the accuracy of information provided or for any damages or loss resulting from the use of such information. For further information on these or other sales, please consult a real estate specialist.