Building Type: High Rise Building
Location: Toronto, ON
Year Built: 2015
Client: Property Manager and Directors
This reinforced concrete high-rise apartment development has 396 residential units in 2 towers. Each tower has 33 storeys with 3 elevators serving all levels, and their own multi-level parkade. They share common facilities including a recreation centre with meeting room, lounge, pool, jacuzzi, gym, a rooftop garden with a pond and water feature. Each unit also has their own fireplace and high-end finishes and appliances.
In addition to costing out equipment and furniture for the common facilities, our appraisers also consider the location of this complex. Being in downtown Toronto, demolition and removal fees will be inflated due to required permits and close proximity to other buildings. There might also be higher professional fees, and perhaps stricter municipality bylaws to account for.