Saturday, November 1, 2014Light Snow 1°C
City

New in Toronto Real Estate: Pier 27 Condos

Posted by Sarah Ratchford / June 27, 2013

Pier 27 Condos TorontoPier 27 Condos are just coming into being down along the waterfront, at the foot of Yonge and Queens Quay. And from what we can see so far, the development has a remarkable design not only on the outside, with its fancy skybridge, but on the inside, as well. Developers have put together a model penthouse suite replete with luxurious detailing, with the washrooms as a clear standout.

As for the area: it's still a little derelict, but that's changing with the revitalization of the waterfront. As it is, Sugar Beach is just down the road, as is the new George Brown waterfront campus. And the population along the waterfront is about to grow exponentially, as Pier 27 isn't the only condo project in the works. Aqualina Bayside will soon grace (we hope) the stretch as well, just a little to the east. While Aqualina won't be complete for another few years, though, Pier 27 is set for completion by this winter.

pier 27 condos torontoSPECS

Address: 25 Queens Quay E.
Floors: 15
Total number of units: 303
Types of units: Studio, 1 bedroom, 1.5, 2 bedroom, 2.5, 3 bedroom, 3.5, 4 bedroom.
Unit sizes (in square feet): 507 to 4466
Ceiling heights: From 10'
Starting prices for available units: from the $800,000s.
Developer: Cityzen Development Group and Fernbrook Homes
Maintenance fees: $0.54
Amenities/building features: In-house spa, movie room, outdoor pool, concierge, valet parking, party room/lounge, waterfront access, gym.

pier 27 condos torontoTHE GOOD

If the completed condos look anything like the model suite, Pier 27 should be a glorious place to live. Waterfront views, spa-like washrooms, all of the expected amenities including a spa—I don't see much missing. Even the maintenance fees are fairly low given the amenities involved with this development.

pier 27 condos torontoTHE BAD

Though I actually really like this project, there are a few glaring issues to be mentioned. The only units still available apparently run from $800,000 to $5 million, so it's not the most accessible at this point. Further, the stretch runs a bit of a danger of becoming a mini condo-city. No offense to Liberty Village, but, as I've expressed before, we wouldn't want the waterfront to turn into the next Liberty Village. It's not the most sociable little enclave because it's built in such a way that it encourages people to camp out in their condos. I'm hoping the design of the waterfront developments gets people out on the water and not holed up in their (admittedly nice) apartments.

Another minor financial hitch for some people is that parking is not an assumed thing. It costs an extra $40,000 to get a space. That's not the only space shortage, either: counter space and storage areas look a bit light, as well.

pier 27 condos torontoOUR TAKE

If you're looking to spend about $1 million on some new digs, drop these folks a line and see what they've got left for you. It can't hurt to at least look, and if current trends are any indication, a spot on the waterfront might not be so easy to come by in a few years.

ADDITIONAL IMAGES

pier 27 condos torontopier 27 condos torontopier 27 condos torontopier 27 condos torontoRead other posts in this series via our Toronto Condos and Lofts Pinterest board.

Discussion

39 Comments

Citizen / June 27, 2013 at 09:05 am
user-pic
Way to ruin the waterfront. What should have been public land, for public use, is now going to be home to a select few. You'll never get that land back. A total waste.
Samantha / June 27, 2013 at 09:09 am
user-pic
I totally agree. It's not like there's a shortage of condo developments elsewhere in the city. Why did they have to close off the waterfront with this monstrosity?

The City has stuck its head waaay up its ass for allowing ALL these condos to be build over the last decade.

The market will crash, people will loose money, and banks will take it out on the rest of us.

This is a serious issue. We don't need more condo units at this pace.

What goes up, must come down! Markets WILL crash. It's inevitable.
Groovy / June 27, 2013 at 09:19 am
user-pic
How much you wanna bet that the City employees approving these development proposals are receiving huge bribes to extend the building height limit or to allow the units to be even smaller than what's essentially required?

Hey, look at Montreal - it seems that everyone in municipal politics was in bed with the construction industry. Why should we be so naive here in Toronto? Where's the evidence, just go downtown and count the tower cranes! Oh wait, there's also the fact that we've got more condos in development than all major north american cities put together.

Christ! Slow down with the building. What's the hurry?

And look at that monstrosity proposed by Mirvish for King street. Mr. "I'm doing this for the public good of Toronto and the neighbourhood." Bullshit, you doing this for the money, asshole. There's nothing remotely about 'art' in that hideous proposal.

Argh - this city has no foresight.
officcia / June 27, 2013 at 09:44 am
user-pic
I actually think the design is quite enticing. It is certainly a step up from the run down, industrial feeling of the area as it stood prior to development. If the city won't invest in waterfront redevelopment, why not let private entities capitalize on the opportunity why beautifying the area. The renderning of the completed site is beautiful. It has open walkways along the waterfront through and along the perimeter of the buildings. It's lovely and certainly an improvement on the waterfront area. Also, the more people that begin to inhabit the waterfront areas, the more drive there will be for beautification and development (restaurants, shops, bike/walking paths) in that area.
steve / June 27, 2013 at 10:01 am
user-pic
I agree with Officia. The waterfront was a wasteland years ago. Beautiful building like Pier 27 bring homeowners to the area....and homeowners mean there will also be restaurants, cafes, shopping and hopefully a sense of community and some action in the area. You definitely don't get that when you have an empty parking lot between the Redpath factory and Captain John's.

Pier 27 is a massive improvement. What's the alternative? The city spends tens of millions of dollars and turns it into a park that nobody uses?

You have you also remember what kind of tax revenue will come from 500 condos paying at least $3000 a year each (and many condos will be several times more). That's millions in tax revenues for the city.

In the interests of full disclosure, I've also got to say that I bought a unit here. Love the bldg, regardless of whether or not I bought there. I lived on Queen's Quay for several years and love the waterfront trails. They've been improved every year, and this is precisely because the residents of the area are pushing for it.

The entire waterfront is better off now than it was before. Hope it keeps improving.
Joe / June 27, 2013 at 10:01 am
user-pic
I actually don't mind the condos, it's just that the keep putting them in between the lake and queen's quay. That's the mistake the city keeps making. If you look at some small sections of queen's quay around spadina, it's actually nice, there's some retail on the north side, HTO park, markets by the lake etc. But when you stick condos you basically shut the lake off from the public. The bike lanes, pedestrians paths should be near the lake, with condos to the north side of queen's quay.
Kevin / June 27, 2013 at 10:07 am
user-pic
Hold up... $800G for a studio??
Rick / June 27, 2013 at 10:08 am
user-pic
Sigh.... The continued condofication of Toronto.
When will people learn that a condo is the absolute worst investment one can make these days? Don't they realize the huge glut in the condo market currently? If you really want to live here, let some other loser take the risk and rent with a lowball monthly cost when the market bottoms....which has alreay begun.

New Toronto Condos / June 27, 2013 at 10:19 am
user-pic
I love the re-vitalization of the waterfront, but just hope that plenty of park spaces will be incorporated and also that there is an actual plan for the road infrastructure around these projects. Spadina & Lakeshore area is a mad house to drive since City Place was built. What's the point of a done-up waterfront without easy access to enjoy it?
Skye replying to a comment from New Toronto Condos / June 27, 2013 at 10:27 am
user-pic
The developers don't care if there's easy access to the waterfront for the general public, and the city is so dazzled by the developers' money that it doesn't care either.

Maybe 30 years from now, when the city has to deal with half-abandoned condo towers, they'll finally get it.
emr replying to a comment from Groovy / June 27, 2013 at 10:30 am
user-pic
haha you sound like a really informed person. yes, i'm sure all the city workers are accepting bribes. because none of them have morals or standards, let alone a code of conduct they need to follow. and i'm sure there is noooo planning framework or policies or zoning that allows this kind of development to be contemplated. i'm positive it's just a free for all at city hall where a bribe to one person makes a whole host of condos pop up. it probably has nothing to do with private land owners submitting applications they're well within their rights to do.
Meg replying to a comment from steve / June 27, 2013 at 10:34 am
user-pic
This will not create a sense of community. The majority of people buying the units are not in the country, but they rent the units out-- huge disconnect! They are rich enough to move on when the place gets run down which it eventually will, no sense of ownership
Nicky / June 27, 2013 at 10:35 am
user-pic
I agree with officcia. It is nice to see a condo development that's not a tower, and that design wise is different from the usual. Being only 15 floors up and on the South side of Queens Quay means it will not block the waterfront view from afar. The area was a derelict landfilled parking lot for years, so I am not sure what people are complaining about. Instead of landfill we will have this new development and more importantly it is good to see some innovative design taking place East OF Yonge at last. That will bring people and more development and transit to a much neglected part of the waterfront. Sugar Beach is a nice public spot...I am looking forward to seeing Pier 27 when it completes. And yes, I actually live on Queens Quay.
Developer replying to a comment from Citizen / June 27, 2013 at 10:35 am
user-pic
If you don't like all the condos going up, nobody is stopping you from buying up expensive lake front property and turning it into public open space at your own expense. You're not willing to do that? Then kindly shut up.
Renter replying to a comment from Meg / June 27, 2013 at 10:40 am
user-pic
I know, isn't it horrible when poor people who can only afford to RENT a 800K studio unit move into the neighbourhood and ruin it for us property owners!? We might as well move the Guns and Gangs task force in from the day the condo registers.
Rob replying to a comment from Developer / June 27, 2013 at 10:53 am
user-pic
Stuff it you fucking parasite.

Open your bank accounts.
Sandman / June 27, 2013 at 11:10 am
user-pic
Another addition to the commercialized QQ tourist trap...
Samantha / June 27, 2013 at 11:17 am
user-pic
Hi There,

Just a quick note to BlogTo...That top bedroom image is not part of the Pier 27 model suite or project altogether (pretty obvious). I am the designer who worked on this building (while working for another design firm) over the last few years. If you could remove it and replace it with the actual image or just remove it altogether, THANKS!
K-Borg replying to a comment from Kevin / June 27, 2013 at 11:27 am
user-pic
$800K is the starting price for AVAILABLE units. I hope to God that means they're fresh out of studios...
george replying to a comment from Samantha / June 27, 2013 at 11:37 am
user-pic
don't worry so much, it is obvious bedrooms that big are not part of this construction.
Maybe I believe you, not sure replying to a comment from Meg / June 27, 2013 at 11:42 am
user-pic
Source or GTFO
Alex / June 27, 2013 at 11:58 am
user-pic
Looks pretty nice, but way too loaded down with amenities. The maintenance fees will be crazy expensive (why would the writer of this article think the fees quoted by the developer had anything to do with the actual fees?) and it keeps people in the condo. In a place like that you are literally building a neighbourhood, and if no one ever leaves their condo it won't be much of a neighbourhood.
QQresident / June 27, 2013 at 12:02 pm
user-pic
I live on Queens Quay there are a lot of condos but no sense of community. Restaurants, shops are next to none cater to tourists more so than residents. This monstrosity is yet another example of no vision for a gift that is our waterfront. Add to this the proposal to expand the island airport to accomodate jets and Queens Quay turns back to its industrial use. I wonder what those who spent $800k+ for condos in this building feel about jets flying by their windows and balconies. I'm sure that will do wonders for their property value
JASON / June 27, 2013 at 12:06 pm
user-pic
Stop the fight,
if guys are willing to pay 800,000+ to 5m to live in this area
think about how developed this area would get.

there are over 200 households who can spend so much money,
all the resto,marts,shops are going to be in the area developing it furthermore,

have you guys been to pier27?
what was there before pier27? nothing. it was just a waste of a land.
now they do something with it guys are complaining,,

i bet these complaining folks visit harbour front once a year or so... tsk tsk
Rob replying to a comment from JASON / June 27, 2013 at 12:11 pm
user-pic
You must be new here, Jason.

See, this condo building willy nilly thing has been going on for about a decade, in some places, even longer. We hear the same thing constantly from developers, realtors, supporters, investors, council... that there was "nothing there" previously --whether an old, expensive-to-maintain building, a parking lot, or landfill-- and with all the new money coming in, residents will be demanding and flush with cash. Infrastructure will follow, as will restaurants, shops, schools, we're told, BUT THIS NEVER FUCKING HAPPENS.

Start paying attention.
Developer replying to a comment from Rob / June 27, 2013 at 01:09 pm
user-pic
If you're unhappy with where the 10s of millions of dollars coming in to the City from Section 37 Agreements is going, take it up with local Councillors....they are the ones who decide where it gets allocated.
Rob replying to a comment from Developer / June 27, 2013 at 01:13 pm
user-pic
I would, if only I could get to them before you leave bulging envelopes on their desks.
Winston / June 27, 2013 at 01:40 pm
user-pic
We've had the fed/prov/muni governments "working" on Toronto waterfront development for the past 15 years. And what do we have to show for it? 3 or 4 nice little parks? Their lack of bold action has left a vacuum into which these shiny new condos get sucked.

I think to create a sense of community, you need to have families, people who are setting down roots and have a long-term interest in the health of their neighbourhood. Given the location, price and design of a typical downtown condo, the demographic seems to be single 20-somethings with tons of disposable cash who may live or rent there a few years before they get married and have kids and buy a nice house in Richmond Hill...

You want to develop a community? Let's see waterfront condos with 3 or 4 bedrooms, big kitchens and daycare/schools integrated into the development, priced equivalent to a typical suburban house.

Steven / June 27, 2013 at 02:36 pm
user-pic
I, personally, have no desire to step out in to the wind whipped ugly tundra of the lakefront from the months of December to April - No thanks!! pain in the rear location to access as well. I wouldn't buy into it at half the price!
Jason / June 27, 2013 at 03:20 pm
user-pic
Minus all the controversy there seems to be on this topic these Condo's are really beautiful units! Great work on the design!
w-hat / June 27, 2013 at 03:47 pm
user-pic
I ride my bike by this place every day and it at least looks interesting architecturally, which is more than can be said for most of the condos in Toronto. I would never consider dropping serious cash to live next door to the Redpath sugar factory though. That place stinks, straight up.
mo replying to a comment from w-hat / June 27, 2013 at 08:24 pm
user-pic
touche.
Linden / June 27, 2013 at 09:56 pm
user-pic
something that the article did not mention but rather important considering the steep price, the condos are located right by the Redpath sugar and the future condo dwellers would get a good taste of the heavy molasses smell the refinery releases on a regular basis. It is bad enough and neither the location nor the direct waterfront exposure can compensate for it and I don't think Redpath is going anywhere.
chris / June 28, 2013 at 03:36 pm
user-pic
The refinery is actually both stinky and noisy. Enjoy.
gen / July 3, 2013 at 02:17 pm
user-pic
The lands at the foot of the great Yonge street has been left derelict for at least 30 years. What makes you think that the government will invest money into making this a public amenity even if a condo's not built on it? Parks are wonderful I know, but they don't make money. It was a business decision - now that the condos are there, imagine how much property taxes this site will produce year after year versus a small park. Don't be so closed-minded, some of you people. At least the government and the builder made a sincere effort to make the waterfront accessible, and attractive. Words like "monstrosity" should be reserved for projects like Harbour Square, which acts like two huge concrete walls that completely blocks the lake view from whoever's north of it.
Jackie / July 5, 2013 at 05:45 am
user-pic
Hi Sarah, thanks for sharing this lovely post. The design of the building is just awesome. Really great pics of the building. Awaiting for more posts like this.
John / July 5, 2013 at 08:08 am
user-pic
Seriously? Is everyone here living in a dream world?

The only way that the harbor will get proper development is with an influx of funds from the private industry (yes, condos included.)

If we sat around for public funds to be made available for the development of that area, we would be waiting another 30 years before anything could happen.

Notice that development only started once plans were put through for the condo buildings, the school, etc.
John / March 18, 2014 at 04:27 pm
user-pic
I love the place so much that I decided to buy a unit on the sky bridge....I can't wait to move in.
John / April 1, 2014 at 09:22 am
user-pic
If you are looking for listings at Pier 27 check out - http://www.torontocondoteam.ca/pier27

Add a Comment

Other Cities: Montreal