Archive for February, 2016

New Condos in Port Stanley With Optional Elevators

Friday, February 26th, 2016

Here is an easy read. New condos being built in the $450,000 price range with optional elevators. Watch the beach from your rooftop patio.DSC_0430 Beach view condos by “Prespa”. DSC_0433For a picture visit tab #5 on our Port Stanley condo website!DSC_0421DSC_0419 Summer days are happy days – life is better in “The Port”.

by Peter Daoust, Broker. Remax Advantage Realty Limited Brokerage

“Saving Houses”

Monday, February 22nd, 2016

In our recent blog of “February 16th” we talked about moving an older home in Burlington to make way for a new project. Could we have saved this home in London a couple of months ago?DSC_0057 Going forward perhaps situations like this could be looked at more closely.
by Peter Daoust, Broker Remax Advantage Realty Ltd.

“Flats and Soft Loft Apartments”

Monday, February 22nd, 2016

In it, you can see yourself.DSC_0017 A rental building in central west London called “The Mosaik”. Google it today and there are models ready and open for viewing. Another “Old Oak Properties” development (apartment) project, this time at 365/385 Sugarcreek Trail.
Sites this nice make other builders take notice.

by Peter Daoust Broker. Remax Advantage Realty Ltd. Brokerage

“1061 Richmond Street” at Sherwood Avenue

Saturday, February 13th, 2016

This is a picture of the former “Robinson Memorial United Church”. The main structure was built back in 1912 and the wing added in 1952. “The London Free Press” proclaimed back on Oct. 8th,2013 “ChDSC_0264urch condo gets go-ahead”. At issue at the time was the number of units to be allowed.

‘Romlex’ was to be the developer and public concerns were blamed for delaying the conversion.

The wheels of economic development can turn slowly and not all projects get the green light. The future of many downtown redevelopment sites are now up in the air. Out of town developers are increasingly eyeing our university corridor along Richmond Street North. What’s news today about new residential projects may be forgotten tomorrow. What’s going to happen to the proposal once in the air for the redevelopment of the Wellington Street/ Wolfe Street corner site? Is that on hold until the Central Ave./Waterloo Street corner site gets the go ahead?

What about the current 356 Dundas Street proposal for a six-storey wood-frame 52 unit affordable housing rental complex? Let’s hope with all of these situations that the wants of special interest groups are kept in check. We have after all only one chance to get to it all right.

by Peter Daoust, Broker. Remax Advantage Realty Limited, Brokerage


The New”Azure”Condo Building in Downtown London

Sunday, February 7th, 2016

Coming 2018. The “Azure”. The blue sign tells all. A 29 storey new condo project. Are you registered yet? If not, visit the “Tricar” website and sign up.DSC_0031 It’s now 2016. In a strange sort of way there is nothing new in the downtown core area coming available in the condo or downtown high-rise rental marketplace. Downtown Kitchener is busy with new condo construction projects, downtown Cambridge has just witnessed two new projects come to fruition and even downtown Chatham has a new high-rise condo luxury project on the go. Downtown London, in contrast (and despite all of the chatter of the “London Free Press”) seems to have “missed a beat” or “missed a strategic opportunity” with now only two construction starts on the go and with both being in their early stages of development. (A new build usually now takes two or three years to fully  finish out).DSC_0034
The first of our downtown projects is the highly publicized new “Azure” building on Talbot Street (the  blue colored signage claims “Penthouse Suites Will Captivate” – the foundation picture to the right) and the second is a third new to be rental tower by “Medallion” called “Revo” at 700 King Street East over toward the “Western Fair” district. (The picture with the cars and a truck parked on a construction site below shown this.)DSC_0108
“Revo ” is marketing as being like “condo” living. The look of downtown London is changing – albeit slowly!

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by Peter Daoust,Broker, Remax Advantage Realty Brokerage Limited.

A “2015” London Condo Price Report

Tuesday, February 2nd, 2016

In January 2015, 68 condos changed hands in London on the “MLS” system at an average selling price of $183,668 . Then in January 2016, 87 condos changed hands in London on the “MLS” system at an average price of $191,525 . Given the small sample sizes it is difficult to really draw to many conclusions from these numbers.DSC_0061

In 2015, 1,648 condos sold in London using the services of the “MLS” system at an average price of $185,315 . In 2014, 1,473 condos sold in London using the services of the “MLS” system at an average price of $181,461 .

It should also be noted that the average “number of days” on the market indicator is now dropping, meaning that units are now selling more quickly. Multiple offers, especially on houses is now becoming more common.

by Peter Daoust, Broker Remax Advantage Realty Limited. Brokerage