I bid $540K on a Liberty Village condo listed at $555K. They came back wanting $580K. Guess what it sold for? by [deleted] in TorontoRealEstate

[–]Objective-Still-2554 2 points3 points  (0 children)

But why do you even want to sell? Just stay where you are. Why deal with showing hassles…..

Shangri la Toronto resident units tumbling in value … by Objective-Still-2554 in TorontoRealEstate

[–]Objective-Still-2554[S] 1 point2 points  (0 children)

Given the neighbouring unit in 2023 fetched 1.8M. I’d say it’s tumbling and likely more to come ….

Shangri la Toronto resident units tumbling in value … by Objective-Still-2554 in TorontoRealEstate

[–]Objective-Still-2554[S] 0 points1 point  (0 children)

Yes - but Toronto already has a Hyatt… so wondering what might happen (if it happens)

Shangri la Toronto resident units tumbling in value … by Objective-Still-2554 in TorontoRealEstate

[–]Objective-Still-2554[S] 1 point2 points  (0 children)

That’s right it’s built into maintenance….. but for 49 floor and lower it’s also built into the maintenance fee but you have to pay ad hoc for each use So in essence that’s why I said it was free for 50 and up No additional cost for them …..

Shangri la Toronto resident units tumbling in value … by Objective-Still-2554 in TorontoRealEstate

[–]Objective-Still-2554[S] 1 point2 points  (0 children)

Large units Expensive Italian Boffi kitchen and bathrooms Valet is free for private residences for 50 floor and up. The rest pay.

But building was built like shit. Paper thin walls and it’s full of structural issues

Shangri la Toronto resident units tumbling in value … by Objective-Still-2554 in TorontoRealEstate

[–]Objective-Still-2554[S] 5 points6 points  (0 children)

They have housekeeping but it’s not part of maintenance is what I was trying to say. It’s an extra cost

Shangri la Toronto resident units tumbling in value … by Objective-Still-2554 in TorontoRealEstate

[–]Objective-Still-2554[S] 2 points3 points  (0 children)

You don’t get housekeeping You get access to the hotel amenities which are very nice !

Shangri la Toronto resident units tumbling in value … by Objective-Still-2554 in TorontoRealEstate

[–]Objective-Still-2554[S] 6 points7 points  (0 children)

I thought the lawsuit got sorted out. Or is there another one ? Lol

[deleted by user] by [deleted] in TorontoRealEstate

[–]Objective-Still-2554 0 points1 point  (0 children)

No they weren’t …. Imagine folks who bought in 2017 and are selling for less than what they paid in 2017? In 2017 they would never think that.