Queen & Ashbridge Condos<\/a>, a 17-storey, 360-unit project by Context Development and RioCan Living in the Beaches\u2014a preeminent Toronto neighbourhood that, in addition to being a stone\u2019s throw in either direction to the downtown core and Lake Ontario, feels like a small town smack in the middle of a metropolis.<\/p>\n\u201cI could list you a million reasons why we wanted that area,\u201d said Szathmary. \u201cIf you want to go for a nice dinner at a nice restaurant in Leslieville, you walk out the door and turn left; if you want to go towards the community and enjoy the scenic beach right down to the water, you walk out the door and turn right. We\u2019re in the middle of two amazing, unique and established Toronto neighbourhoods.\u201d<\/p>\n
There is, however, another reason the family purchased their unit at Q&A. Their deposit structure is earning them 6% annual interest, and Szathmary, a former banking executive for an online brokerage, knew the opportunity was too good to pass up.<\/p>\n
\u201cThe one incentive that really caught my eye was 6% interest on deposits. With interest rates where they are right now, 6% seems really attractive. I mean, given that some European countries have negative interest rates at the moment, I’ll take 6% all day long.<\/p>\n
\u201cI also like the flexibility it creates. Generally, I\u2019m in no rush for a preconstruction project to get finished\u2014I like delays\u2014because the way I view it, the more time that passes, the more time my investment has to appreciate, mortgage-free. That\u2019s always made delays a good news story for me. With this 6% interest incentive, any delays to construction are now 6% sweeter.\u201d<\/p>\n\nQ&A, a unique U-shaped development, will use geothermal energy to keep utility costs low and feature a 5,000 sq ft state-of-the-art fitness centre equipped with a yoga studio, spa and steam saunas; co-working space for residents; a rooftop party room and lounge with a capacious outdoor terrace that has cooking and dining areas; and a courtyard for residents. Additionally, it will have a dog run and a dog washing station.<\/p>\n
Moreover,\u00a0, president of Context Development, Q&A\u2019s amenity offerings aren\u2019t restricted to the building\u2019s interior.<\/p>\n
\u201cThe Nos. 1 and 2 amenities are Lake Ontario and the largest expanse of green open space in all of the GTA,\u201d said Cohen. \u201cWoodbine Park, Woodbine Beach, Ashbridges Bay and Pump House Park are next to Q&A, so it\u2019s really amazing the amount of green open space we have there, and we\u2019re immediately north of Ashbridges Bay Yacht Club.<\/p>\n
\u201cNo. 3 is Queen St. E. We have frontage on Queen and really good public transit with the Queen St. streetcar, and literally hundreds of restaurants, bars and boutique shops, from florists to clothing stores, within walking distance.\u201d<\/p>\n
To learn more about Q&A\u2019s unique deposit structure,\u00a0click here<\/a>.<\/em><\/big><\/span><\/p>\n<\/pif,>\n","protected":false},"excerpt":{"rendered":"Orion Szathmary, his wife and two children left Toronto\u2019s Beaches neighbourhood recently for what they thought were bucolic pastures further east in Guildwood, but they have since realized that was a mistake. While the family\u2019s young children finally had a big yard in which to play, owning a house with a large yard came with […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/8943"}],"collection":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/comments?post=8943"}],"version-history":[{"count":4,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/8943\/revisions"}],"predecessor-version":[{"id":26458,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/8943\/revisions\/26458"}],"wp:attachment":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/media?parent=8943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/categories?post=8943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/tags?post=8943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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