A View From Vu, Part Two

Condos

< 1 minute read

December 5, 2011

It’s one thing to debate the potential value of a view when you’re discussing it in theory, but it’s different when you’ve got video evidence sitting in front of you!

I remain unconvinced that a “fantastic view” should come with a massive premium, but I’d pay more to know that nobody stares directly into my living room…

A few of my colleagues went to a “launch party” last month for a Yorkville condo where the developer was charging $2,000 per floor to move up in the building.

Since these condos are so grossly over-priced to begin with, maybe $40,000 to be 20 storeys higher isn’t such a raw deal after all!

But when it comes to your more ‘typical’ downtown Toronto condo, the value and importance of a view is something that I believe buyers are split 50/50 on.

I shot this video the night after last week’s post, “A View From Vu,” just to put a visual image to the conversation.

As I wrote on my blog, and as I described in the video, I still don’t think I would pay a premium to see the C.N. Tower and the bright city lights.  What I enjoy about the view is the distance from surrounding buildings, and the ‘scenery’ is really just a bonus.

 

Written By David Fleming

David Fleming is the author of Toronto Realty Blog, founded in 2007. He combined his passion for writing and real estate to create a space for honest information and two-way communication in a complex and dynamic market. David is a licensed Broker and the Broker of Record for Bosley – Toronto Realty Group

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3 Comments

  1. Darren

    at 4:12 pm

    I agree with you. I want to be in a unit where nobody can look into mine. The actual surroundings are far less important.

  2. Daniel

    at 4:33 pm

    Please oh please give us a blog post (or video!) with the happenings at the Holiday Inn Express!

  3. Adam

    at 6:25 pm

    What happens to the value of a condo that loses it’s view? (Like when another condo pops up in front of it) Wouldn’t the value decline, or at least have little appreciation?

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