Condomonium: $7,200 a month for a furnished two-bedroom in the Shangri-La

10 thoughts on “Condomonium: $7,200 a month for a furnished two-bedroom in the Shangri-La”

1. Why do you guys even post things like this? As if anyone who’s not a complete moron would pay more than half what those borderline-sociopathic real estate agents are asking.

2. mind boggling what some with pay in rent

3. SMH… people wonder why TO real estate market could be headed for a fall ? Thanks to crappy realtors.. and I bet they will tell you that its worth $7200 cause its furnished with all these high end appliances and furniture?! crazy!!!

4. I agree the TO real estate market is absurd but assuming a sale value of $900/sqft (premium building), this is a not-too-crazy cap rate of 5.4%. I mean, it is a 1,750 sqft apartment in a high-profile, brand-new building. That said, I don’t care for the unit or location.

5. Its not the realtors that ‘make’ the market – call them middle men – the market pays and that’s what ‘makes’ the market. And yes – there are all expense paid exec’s out there that cover these rents that make more sense to the accounts than purchasing – particularly when you take tax shelters/deductions into considerations. I feel like the demographic that actually looks at these listings in TL is middle income (or lower) and just peeking over the fence so-to-speak.

6. The furniture is cheap… that’s all.

7. I think this is a beautiful condo, in a great location and in a beautiful new building; a building with some character. This is not expensive if you consider the cost of the suite was probably somewhere north of $1.5 mil and it is turn key. A month in an equivalently decked out hotel with all the same amenities would cost you $15k+. Check out the cost of similar accommodations in downtown Manhattan, London or Tokyo.

   The kitchen and bathrooms don’t look like anything I have seen in other Toronto condo developments. I love it. I just wish I could afford it. Furniture looks like Restoration Hardware type stuff; hardly cheap.

8. Way overpriced. You can’t compare this to similar accommodations in NYC, London or Tokyo because Toronto doesn’t offer what those cities have. I pay high rent to live in NYC because of the city, not the quality of the apartment. Granted, this is a luxury, pre-furnished condo, but I wouldn’t pay anything over $4000 for it.

9. “BIG SELLING POINT: Living upstairs means you can put your name on the list at Noodle Bar, then chill out at home while you wait for your table.” – right, because $7,200/month is a bargain to be the first to eat fancy noodles and dark meat in broth…

10. Sure, but any “similar” accommodation you would stay at in either of the cities you mentioned would have some character, unlike Toronto’s downtown core which is virtually abandoned after 6 pm.

    What’s the draw? A restaurant in the lobby? I don’t think it justifies the price.

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