I couldn’t help putting “waterfront” in quotations, since many “waterfront condos” either aren’t on the water, don’t have a view of the water, or worse – both.
I shot this video a few days ago from a new waterfront development that has rave reviews, but I’m going to let you guys judge for yourselves.
Not only is it so windy on the balcony that the glass rattles, but there’s so much noise from the Gardiner and the GO Train that you can hear it even with all the doors and windows closed.
You have to see this train – watch as it basically goes right underneath the building…
I have only really seen one waterfront view that could be described as a “million-dollar-view,” with a honest-to-goodness, 100% true “waterfront view.”
About eight years ago, I sold a unit to a client at Palace Pier, that faced south. And if you know Palace Pier, you know that this building’s south-wall is about twenty feet from the water! So if you’re on the 33rd floor, you basically feel like you’re hovering over Lake Ontario.
That condo cost over $1,000,000 back then, so imagine what it would cost now.
Personally, I’d love to have a true waterfront view.
Considering how many condos are in the downtown core, and how many units stare out directly at those condos, or at billboards, or at office towers, just imagine having a 180-degree view of the lake.
Having said that, we all know that way, way too many condos are listed on MLS with “waterfront views,” when they don’t really have waterfront views. Imagine an east-facing unit (like the one in the video), where you can turn your head to the right, look south, and see the water……..on the other side of the Go Train tracks, the Gardiner, the Lakeshore, and the condos and factories south of Queen’s Quay.
$750 per square foot is a lot to pay for something with as much noise as what was shown in the video. The view is amazing, but you can hear the traffic on the Gardiner from the bathroom! The Go Train isn’t as bad as I thought it would be, although it didn’t honk once during the video.
In the end, to each, their own.
For every person that watches that video and hates the idea of having a train right beneath you, there’s going to be another person that dreams about this view…
P.S. I shot this video right after getting the iPhone and thus I had no clue how to hold it. Hence the tall and narrow video. Technology….dammit….