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New in Toronto real estate: Axiom Condos

Posted by Robyn Urback / January 3, 2013

axiom condos torontoAxiom Condos is the nuanced name for the set of two towers planned for Adelaide and George streets. Clearly, potential buyers are to take the project as their calculated, reasoned, true real estate choice — but hey, look, it comes with a "sparkling water feature!" A joint project by Greenpark and Fieldgate, Axiom towers will rise only modestly, but they will still certainly bring added density to Adelaide East. Watch out, west end — Axiom is coming! Very, very slowly. Here's a closer look at Axiom Condos.

axiom condos torontoSPECS

Address: 424 Adelaide Street East

Number of towers: 2

Total number of units: 480

Number of storeys: 19,17

Types of units: Studio, one bedroom, one-plus-den, two bedroom, two-plus-den

Unit sizes (in square feet): 415 - 1058

Ceiling heights: 9' and 10'

Prices from: Low $200,000's

Parking: $35,000

Maintenance fees: $0.52/sf

Maintenance fees exclude: Hydro, water, bicycle locker maintenance ($10.70)

Developer: Greenpark Homes and Fieldgate Homes

Architect: Kirkor Architects

Amenities: 24/7 Concierge, lounge, theater room, games room, pet spa, fitness studio, party room, outdoor terrace, sky deck

Expected occupancy: December 2016

axiom condos torontoTHE GOOD

Lest my eyes (or sixth grade mathematical skills) deceive me, it seems Axiom is offering its suites for much below the apparent new "norm" of $650-$700 per square foot. Indeed, these units are priced closer to $500-$550, which (sadly) is pretty competitive for a new downtown Toronto tower. Granted, initial pricing is often deceiving such that the term "starting from" usually comes to mean "exclusive to just one suite on a low floor, with no view, basic finishes, and next to garbage chute." But hey, it's affordable, right? Chock it up to a cooling real estate market, surplus of new condo options (the chicken or the egg?) or the arguably less desirable east-of-Yonge address, but Axiom definitely has pricing on its side. Until you read the fine print, that is, but that goes for most Toronto builds.

Now, I hinted at a supposed east-end inferiority — a point seemingly supported by the glut of new condos poised to take over Richmond, King, and Adelaide streets west. But there's decidedly less love on the other side of Yonge. What gives? Well, for one, the area just north of the Axiom site is still a little bit seedy, with a persistent row of dive bars on Queen and questionable nighttime action at Moss Park. Retail lags a bit over here, too, with a couple stretches of unoccupied spaces that would never be tolerated a little further west. But I suspect that will change. Axiom will bring fancy new retail to its podium base (anyone want to wager $20 on Starbucks?), and construction will inevitably move east as developers snatch up the last of skinny King West spaces. Axiom residents won't be the firsts to the area, but they most certainly won't be the last either.

axiom condos torontoAnd if you can look past the occasional dive bar brouhaha, what's not to love? You're five minutes from the St. Lawrence Market, four mintues from the Distillery District, and potentially right by the Downtown Relief Line. And until then (just 15 years, or so), there's always the King streetcar.

THE BAD

What, exactly, is a bicycle locker maintenance fee? $10 per month to make sure exhaust from the parking garage doesn't filter into the bike room and contaminate your seat? The cost of a random stranger employed to clean your chain and inspect your brake pads once a month? Or something even more frivolous and unnecessary? Seems almost as redundant as a pet grooming room in a condo that's around the corner from a pet spa. Oh, wait...

axiom condos torontoAxiom Condos suffers from the main plague that strikes too many new urban builds; that is, the space-saving pseudo-kitchen. While I'm sure some talented multifunction-room dwellers can make good use of the kitchen/living/dining hybrid, the lack of counter space and humming Energy Star by the living room credenza doesn't seem overly charming (at least, to those pretentious people who casually use the term "credenza"). While the unit layouts seem pretty good overall, actually — with windows in most bedrooms, the occasional walk-in or step-in closet, and fair-sized balconies for most suites — no space for the stand mixer is a definite drawback.

And don't let Axiom's seemingly innocuous 19 storeys fool you — this is one mega condo in disguise. Granted, elevator waits won't be so bad with units divided between two structures, but you can count on close to a thousand people sweating in that fitness centre and clogging up the parking garage entrance. High density can mean high wear, which is bad news for your maintenance fees. And nerves.

axiom condos torontoTHE VERDICT

Really depends on the price of a pint at one of those Queen East dives.

What do you think? Would you live here? Add your comments to the thread below.

Read other posts in this series via our Toronto Condos and Lofts Pinterest board

Discussion

24 Comments

Shane / January 3, 2013 at 09:18 am
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Hey Robyn,

I wanted to thank you for not bowing down to the builders and turning these articles into pure advertisements, becuase they are not nor were they ever meant to be, although some wish that they were. Integrity is key, and I believe that you are doing a fantastic job. It is refreshing to hear your 'as honest as you can be' opinion of these new constructions within the confines that you must operate. This is a blog. Thanks for keeping it so, and resisting the $$$ of the builders to turn these real estate articles into pure advertisments disguised as critiques. You Rock!!
Alpine replying to a comment from Shane / January 3, 2013 at 09:31 am
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I couldn't agree more - kudos to BlogTO and the author for presenting an objective review of a condominium in contrast to the all too common developer-sponsored articles you find elsewhere.
StillDisappointed / January 3, 2013 at 09:40 am
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Hey Robyn,

I wanted to thank you for not bowing down to common sense and turning these articles into something useful, because they are not nor were they ever meant to be, although some wish they were. Repetitive whining is key, and I believe you are doing a fantastic job. It is refreshing to hear your "condos are too small and there's too many of them but at least they're downtown" opinion of these new constructions within the confines that you must operate. This is a blog. Thanks for keeping it so, and resisting the suggestions of commenters to turn these real estate articles into impartial reviews.

You suck!!
Todd / January 3, 2013 at 10:03 am
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How can you "impartially review" a 40 degree day?

If you want to know why this section always reads the same and is always negative, just look at the damn condo websites and just look at the condos themselves.
Driving Miss Daisy / January 3, 2013 at 10:03 am
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Your articles are definitely portfolio worthy--NOT!

Robyn Urback=misguided, misinformed.
wake me up when it's over / January 3, 2013 at 10:03 am
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Another boring piece o' shit building

When the condo market crashes into the toilet, just think of all the jobs that will be created when they knock walls down to combine the pathetic shoebox units into useful square footed living spaces.
Cynthia / January 3, 2013 at 10:07 am
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Still waiting to see more REAL 3 bedroom condos (not 2+dens) selling for under $1M that is close to the core. Having grown up in a suburban-like community (not the "real" suburbs, since it was the 416, not 905), I'm not sure I want to return again. I love condo living and want to raise a small family in one. Kind of tired of seeing the same old formula, development after development!
sad... / January 3, 2013 at 10:25 am
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And the douchery slowly creeps a bit farther east..

The beginning of the end.
Disappointed replying to a comment from Todd / January 3, 2013 at 10:54 am
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You impartially review a 40 degree day by describing its characteristics without bias. Was that supposed to be clever because the answer is obvious? And you start by not getting someone who hates hot days and has contempt for all things meteorological to be your weatherperson.

Reading the complaint about a lack of a full kitchen in every review is tiresome. She may as well be complaining that they don't have a backyard for each unit either.
Todd replying to a comment from Disappointed / January 3, 2013 at 11:12 am
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That's not the purpose of the series. It's an off the cuff review of a condo project based on currently available marketing materials.

And guess what, the kitchens ARE too small and these projects ARE too similar and these projects, by and large, ARE as exciting and worthy of praise as a 40 degree day. That's why there's no "WOWOWOWOWOWOW rush out and buy this condo ASAP", because you could actually close your eyes, pick a condo in this development, and not be able to tell it apart from any of the others in this series.



Me replying to a comment from Driving Miss Daisy / January 3, 2013 at 11:13 am
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You left out untalented.
Johnny (Wad) Homes / January 3, 2013 at 11:18 am
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Another place you greasy hipsters can live and park you bike.
Danny / January 3, 2013 at 11:19 am
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Same old reviews and comments - blah blah glass, blah blah maintenance fee's, blah blah expensive, blah blah small, blah blah no soul...




Hey / January 3, 2013 at 11:51 am
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424 Adelaide E is Adelaide & Princess, not George. There's already condos at Adelaide & George, and a heritage building not likely to be taken down or facaded.

Plus making a crack about SBUX at that intersection would be ridiculous, since there's one at King & George (1 block away) and Adelaide & Jarvis (2 blocks).

Adelaide & Princess is rather questionable, but there are some really huge projects going in at Princess & Front and there's a nice indy cafe Bisogno at Sherbourne and Adelaide.

It would be nice if Robyn did a wee bit more looking around on Google Maps (or, heaven forfend, actually visiting the site) before making these cracks.

Shane replying to a comment from StillDisappointed / January 3, 2013 at 12:18 pm
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I am flattered by your imitation of my post. You must be a gentleman. Not only have you attempted to insult me through your poorly constructed use of the 'imitation is mockery device', and failed miserably at it, but you also hurled insults at Robin, a complete stranger. What a gentleman you are. It becomes very obvious when a persons view point has very little basis, as they, instead of making their case in a reasoned manner, attack the messenger, for that is their only recourse. Too funny.
Driving Miss Daisy replying to a comment from Shane / January 3, 2013 at 01:07 pm
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Shane replying to a comment from StillDisappointed / JANUARY 3, 2013 AT 12:18 PM
"It becomes very obvious when a persons view point has very little basis, as they, instead of making their case in a reasoned manner, attack the messenger, for that is their only recourse."



Your sentence structure is Nobel prize worthy--NOT!
Alex / January 3, 2013 at 01:22 pm
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For someone who is lazy and doesn't like to cook, you can save a lot of money in rent/mortgage with a kitchen/living room combo. Plus you don't have very far to walk. I'm not being sarcastic or anything, it's like having a tv in your kitchen. Plus if you're entertaining then no one is trapped in the kitchen away from everyone else. You'd probably want some folding card tables or stuff for when you need counter space though.
AS / January 3, 2013 at 02:01 pm
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No mock-ups of this inside? You talk about all these small all-in-one apartments as if we should know what one looks like, but all I see is a restaurant, lobby, patio and outside.
jameson / January 3, 2013 at 02:48 pm
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I just don't like the amount of over-generalizations in the writeup. How can you really offer these critics to be validly accepted with only 6 paragraphs of writing? There's no integrity in dismissing this development in such a short piece.

Oh wait, but these features always dismiss the development. Why not write something surprising? Write about the developments in Vaughan Metropolitan Center or something.



Steven / January 3, 2013 at 03:26 pm
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Pet spa?

Won't live there!
I will never buy "real estate" in TO / January 3, 2013 at 04:42 pm
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True say. If the price of a pint is low enough residents may be able to afford the fees!
RT2020 / January 3, 2013 at 06:29 pm
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This thing looks as uninspired just as any other Kirkor designed condo. The company's slogan should be "CTRL + C , CTRL + V"

I enjoy reading these articles :)

Za-Moon-Da / January 3, 2013 at 06:53 pm
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That bitch Ms. Daisy, she deserves to get run over.
Mortgage Ottawa / January 4, 2013 at 06:02 am
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Anabara and the land sale team specialize in providing excellent solutions to real estate sellers and buyers. You can also find specialized mortgage and other real estate solutions as per your specific needs.

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