Park Lake Residences - Humber Views

The magnificence of Humber Bay, long summer days of watching sunsets and the sparkling waters of Lake Ontario.   Merely cross the street at Ellis Avenue, near the Sunnyside Pavilion, to enjoy possibly  the best poutine stand along Toronto's waterfront.

Property Details
http://davidpylyp.com/search/feature.cfm?ml_num=W2924364

Park Lake Residences is a twin tower mid rise upscale condominium development from Pemberton (c. 2010)  containing 287 Suites and four floors of above grade parking within the podium levels plus a roof top open air terrance on the fifth floor, for gatherings and barbeques.

Additional Photo Stream
https://plus.google.com/photos/109283965469179719942/albums/6019582717209681345


Property Video Tour




To view this property or others in Humber Bay Shore or #bythewater  please contact

David Pylyp
Sales Representative
RE/MAX realty specialists inc., brokerage

416 233 9000   or direct 647 218 2414

Toronto doubles condo development fees

Condos at Square One Celebration Square.

In the condo sales office there may be licensed or unlicensed sales representatives. Their obligation is simply to get you to sign and commit to the staged deposits.  They are not obligated to have you to understand.

It is incumbent upon you during the 10 day rescission period  [you have 10 days to take the contract to a lawyer to have it explained to you]  so that you clearly understand what addition closing expenses may be included in the documents.

Recent discretionary items I have seen are;
Lobby Art Contribution
Park Land Tree Planting
AND any additional levy's as yet unassessed by the municipality.
There may be individual meters for your condo.

That means you without knowing how much expense, you have committed to that amount of money. No debate. No Negotiation.

The time to CAP the closing costs and development charges is prior to the Conditional Period expiring. This is done by the lawyers in writing.  If it's not in writing it doesn't exist.

If you’ve purchased a preconstruction condominium in Toronto that has yet to close, take a close look at your Agreement of Purchase and Sale – you could be stuck paying a price increase of almost $15,000.
Like most municipalities, Toronto charges development fees when constructing a new building, adding new residential units to an existing building, or substantially redeveloping a building.
Since developers have no control over these fees, most Agreements of Purchase and Sale for preconstruction condominiums contain a clause stating that if the fees levied by the city increase, the developer can pass these increased fees onto the purchaser.  http://www.condoreporter.com/toronto-considers-substantial-increases-to-condominium-development-fees/

All the new charges added to your closing could easily be between 12 and $17,000 given what was talked about at Toronto City Council. PLUS any ART or Tree planting contributions.

Let's go back to Para 1...   If you had taken a Buyer's Broker with you,  Yes, I understand, you understand the buying process but you would not be so angry right now about that Toronto Condo where you did not cap the closing fees, consult a lawyer and understand clearly Phantom Mortgages and Land Transfer Tax Rebates if I had come along.  You didn't get a better deal.

That's what I do.

Landlord AVOIDS bedbug Responsibility

Larry the Landlord was horrified to find that even though his tenants readily admitted that they infested the apartment unit with bedbugs  It was his responsibility to eradicate the problem.

In a recent issue of the London Free Press, Denise Lash was interviewed as part of a special feature on Bed Bugs in condominium units and who’s responsible for their eradication, entitled “Responsibility to take steps to eradicate the nasty bug goes to the landlord”. Denise discusses how condominium corporations should notify their owners and ensure those owners retain a specialist bed bug eradication company if required.
 “if there are bedbugs in a condominium building, it is advisable for the corporation to inform the owners that there are bedbugs in the building (without stating which unit has the bedbugs due to privacy concerns). Residents should be told to inspect their units, and if found a specialist bedbug eradication company should be contacted”.
 You can read the full article on the London Free Press’s website here.  

It is not only the Individual Landlord but a Condominium Building could very well have the same obligations.

Want to be a Landlord / Investor?

Are you interested in the quality of your investment in real estate, Why not invest your money in Canada, in Toronto.



We have an excellent opportunity and a buoyant market, with a growing metropolitan area being Toronto, Ontario, Canada.

If you would like the comfort and return on investment from knowing your money is safe and secure. 

Call me at 647 218 2414,

And we will find and income and investment opportunity for you.

When you purchase a home they not only get bricks and mortar, you buy into a community and lifestyle. You create a nest egg for your future.  Lets make our search specific to your community.

Thank you.

http://www.DavidPylyp.com
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http://www.SellinginToronto.ca

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Whats OPEN this weekend - Humber Bay Shore

We loved watching the Lifestyles of the rich and famous... Seeing how the other half lives

Here's a fun link for your Saturday or Sunday!

These are Condos that are going to be on Open House this weekend July 28 and 29th, 2012

Humber Bay Shores and Lake Shore,  Marine Parade Drive in Toronto West...

Even if you're not shopping in this price range, it's still fun to check out the Waterfront of the local market every now and then?  Don't you think? Drop in at Eden and enjoy the open air patio! 

(And of course, if you know anyone who might be interested in one of these great properties, feel free to hit reply... )   Here the link

Happy to help,

David Pylyp
Accredited Senior Agent

647 218 2414

Cool! New Islands Right at Sunnyside

What a fabulous addition to the Toronto Humber Bay Shoreline! All the condos along Lake Shore Blvd ( Marine Parade ) will now have additional man made islands at the mouth of the Humber River Bridge towards Sunnyside!

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View Larger Map

The string of islands would go in at the mouth of the Humber River and extend about one kilometre from shore. The plan would take clean fill from construction jobs to build a solid earth barrier underwater that would deflect polluted Humber River water out into the lake and away from Sunnyside Beach.

Above the water, the feature would look like a string of small islands that could be landscaped, support wildlife and made accessible to the public, city councillors on the public works committee were told Tuesday.

“You could design this to have pedestrians come out to the islands,” said Toronto Water general manager Lou Di Gironimo. “You could connect the islands. There’s many ways to design them, we could make it a very attractive feature.”

http://www.thestar.com/news/transportation/article/1156248--island-life-coming-to-humber?bn=1

Not only visually appealing, this will greatly extend the opportunity for the public to have access to park land and the waterfront. The Martin Goodman Trail is already well used for rollerblading, cycling, joggers and a promenade on a sun filled day! This will enhance the visual views from Palace Place and Park Lake Residences.

If you would like to select a community that is along this strip you might be interested in these buildings; Condo Selections

BMX Bicycle Parkette Slated for Ellis at Lake Shore

Toronto BMX bicycle Riders to Get New Parkette

The Sales Office for Park Lake Residences is being returned to the City of Toronto; Parks and Recreation. Construction (demolition) will begin shortly to create a BMX bicycle park on the narrow strip of land that is adjacent to the Gardiner Expressway and parallel with Lake Shore Blvd West at Ellis Avenue.

BMX riders who have built ramps and jumps at High Park at the south duck pond have created concerns about environmental damage and has resulted in complaints at City Hall.

Until last year, there had been jumps and ramps inside High Park near the duck pond just steps from Queensway at Parkside Drive. The area is an ecologically significant area, according to the city. In May, the informal, freestyle cycling area was dismantled by the city with help from members of different First Nations communities. With shovels and rakes in hand, they restored what is known to them as Snake Mound, a sacred burial ground. The area has been replanted and fenced off and is currently being monitored for any further cycling activity.

Hosted by the City of Toronto, the meeting attracted riders of all ages from across Toronto and beyond to the Rousseau Room of the Swansea Town Hall. "We can design from the ground up," said Parkdale-High Park Councillor Sarah Doucette, who expressed her excitement for the project. "We can do something amazing here."

http://www.insidetoronto.com/article/1229178--bmx-riders-share-their-vision-for-the-perfect-park

Are there any plans posted of the tract or parkette? How far will this extend East? Will they provide a parking lot for the bicyclists?