A condo building on a residential street in Toronto’s Scarborough neighbourhood is being renovated to include a two story loft that will rent for $800,000 a month, with a walk-up bathroom and kitchenette.
The $1,800,0000 unit is a $1 million condo and one of the largest of its kind in Canada.
The unit is currently being built on the site of an old fire station, which has since been demolished, but the project was launched in December to make the condo more affordable and provide a new opportunity for the residents.
“It is the only apartment on the block, it’s really big, it has a big backyard, there’s a lot of space and the amenities are fantastic,” said Chris Beaudoin, owner of the construction company which is building the building.
“You get the full package, so I think this will be a fantastic opportunity for people to live there, as well as get a nice home that they can live in, and that is something that I really believe in.”
The building will be built in two phases, with the first phase being finished in May and the second phase scheduled to start later this year.
Beaudin said that the cost of the project has come down considerably from the original $1 billion.
The first phase, which will include a large kitchenette and a walk in bathroom, will be completed in 2020.
The second phase, on the other hand, will include only the first floor of the apartment and will include two-story units that can be rented for $900,000 per month.
Beauxin said the two-floor apartments are a good solution for the neighbourhood, as they have a large backyard and a small parking garage.
The units have a ground floor, which is ideal for those who live in condos, and a third floor, for those looking to live on the second floor.
“The third floor is a lot easier to walk to, but a lot more challenging for a lot people who live on floors one and two,” he said.
Beauzins wife, Mary, is currently working at a small design agency, and they decided to start their own company after they decided it was time to start living in a home they loved.
They recently moved into the new condo in October and were able to rent the units out in a matter of weeks.
“We were really excited about it and we really love living in this condo and living here,” said Beaudins wife.
The couple has rented out the units to other couples for the past couple of months, and has found that they are very happy with the new space.
Beaumont resident and former condo owner, Jennifer Krasnoff, said she was very impressed with the condo’s design.
“They’re doing a great job of renovating and rehabbing it and creating something that will be beautiful and inviting,” said Krasnoons husband.
“And I think they have done a very good job.”