BuzzBuzzHome.com has said that a apartment in the middle of Toronto has gone for the astonishing price of $28,000,000 and this is all before it is even finished.
If you were wondering, most of us would have to quit eating and paying rent/mortgage to be able to afford one square foot of this glassy elegance per month. ฝากขายบ้าน To put the price into realistic terms, it would take three quarters of a century, at $3,000 per square foot, to eventually own this condo.
The apartment is situated at the northeast corner of Bay Street and is part of the Four Seasons Hotel and Private Residences development project, in case you were wondering. When talking about Four Seasons, you won't be astonished to hear that they often sell the most expensive apartments, not just in Canada but around the world. They positioned first in 2009 with an $11.3m apartment in Seattle, following a similar sale in the same site in 2008.
Another condo that did not find its way to the apartment MLS was a $12m condo, also in Seattle. Delving further into the cost of condos, we find that, in L.A. as recently as 2006, it was not uncommon to see them sold for prices between $13 and $14 million.
Although there are apartments over the $5m price range, there are very few luxury properties that actually become listed on the MLS. This is because builders try to lure buyers directly very early in the process. They naturally want to make sure that they sell most of their unit before they as much as start digging
London, Moscow, Tokyo, and Shanghai are certainly the places to be if you want to look for a condo with an outrageous price ticket, though New York certainly is the first place to look. If you have an odd $480,000 every year, you could be a rent payer of one of the units on the 35th floor of 15 Central Park West. At $40,000 per month, it is an outlay most of us can't even dream of. Although why rent when you can purchase it outright? Steel mogul Leroy Schecter, the owner of these apartments and likely the most wealthy landlord you can imagine, has tried to sell these little condos for $55 million in 2010.
Look forward to more articles about real estate in Toronto!
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