Regent Park
Re-invents Itself as a Sought-After Neighbourhood
The Regent Park condos being built in this downtown
neighbourhood are revitalizing Toronto’s central east end. Part of a creative
initiative that began in 2005, the Regent
Park Revitalization Plan is one of the best expressions of forward-thinking
community building. The 69 acre neighbourhood is rapidly becoming an attractive
mix of townhouses, rental and high and low-rise apartment buildings, and
condominiums. In addition to over 2000
rental units, by the project’s completion, 5400 market-price condominium units
will have be built.
Along with the housing, cultural and sports facilities,
parks and retail space is being built. Already, the Daniels Spectrum has become
cultural heart of the neighbourhood and home to seven arts and non-profit
organizations.
Regent Park has, in a short period of time, become a Toronto
success story – one that is much studied by civic officials from around the
world.
Prebuild Condos Coming on the Regent Park
Market
One of the more exciting new buildings on the market is The Wyatt, at the corner of Dundas East and
Sumach Streets. Prices for this new building start from the mid $300,000 and
units range in size from Studio to spacious three bedroom. The Wyatt will
include a state-of-the-art gym, a party room and rooftop terrace, outdoor
playground and splash pad for kids, and sport facilities.
The Wyatt – an entire block bounded by Dundas, Sumach,
Tubman and Wyatt Streets - is a "kid-friendly” building. On the fourth floor
there is a Kids Zone, featuring activities, toys, craft and play rooms. There
is also an outdoor playground and splash pad.
Units will include contemporary custom-designed cabinetry
with Quartz countertops and European-style stainless steel appliances. The
ceilings are 9 foot – and the floors a beautiful laminate.
The Wyatt has a high Walk rating, which includes a quick 15
minute stroll to the downtown core. It
is also steps to the TTC streetcar and bus routes. For car owners, the building
is close to both the Don Valley Parkway, Lakeshore, Gardiner Expressway and the
QEW.
What to Look for in a
Condo Agent?
The quick answer lies right in those two words "condo
agent”. You need a real estate agent whose specialty is the purchase and
sale of prebuild or existing condo units. Toronto’s condo market has continued to be very active and new offerings
often trigger frantic buyer activity. You need someone with the ability to negotiate
that often chaotic market for you, and be able to move quickly on your behalf
when required.
There are a few simple ways to gauge the work of your condo
agent. The first is to ask for references – not just cherry picked ones, but
ten or more very recent clients. The second test is also simple – how are the
agent’s communication skills? Does the agent get back to you quickly – using
whatever communication avenue you prefer? Does the agent listen to you and have
a clear idea of what you are looking for in a Regent Park condo? Is the agent
clear about your time frame? If you are in a hurry to settle, the agent should
be prepared to work within that tight time frame?
They are all good questions, and require careful
consideration as you set about to purchase your Regent Park condominium.
Sushma Khinvasara is an award
winning real estate agent with the expertise necessary to help buyers and
sellers of all levels successfully navigate the fast-paced market in the GTA.
She has consistently been recognized as a top performer for her brokerage, as
well as Century 21 Canada, with a wealth of expertise in the following areas:
- First time home buyers
- New residential properties
- Property leasing
- Investment properties
Contact Sushma Khinvasara today to discuss all of the
benefits of purchasing a Regent Park condo as a living space or as an
investment property. Discover everything this exciting area has to offer and
find the unit that is perfect for your specific needs.