This past saturday, I stopped by the public launch of UpperWest condos located at 485 Richmond Rd in Westboro. There were about 40 people floating around the sales center, some signing contracts, some musing around the model suite, with others in to see what all the fuss is about. With local radio station Hot89.9FM, Bridgehead Coffee providing music and coffee, there was no shortage of people.
While my client didn’t move on a unit during our visit, he was impressed with the views from the higher floors, along with some of the floorplans. With 197 suites total, there won’t be a shortage of favourite units, appealing to all budgets.
The smallest unit Fraser (455sqft) and the Wilmont (479sqft) both studios, starting at $210,900 which would be located in floors 1-5 (the podium). There are a number of 6th floor Terrace suits, but the best being the regular and penthouse suits due to the view. The smallest unit 7thfloor and up is the Ashton (532sqft) starting at 249,900 facing south, followed by the Wesley (547sqft) at 249,900 facing East. Obviously the best views being dead north, followed by east and west. One trend we are seeing are the balloon photos which help show views from each unit to help give prospective clients the edge when purchasing without being able to see the finihsed product. This is a must in a building like UpperWest which is surrounded by existing buildings.
Parking is available starting at $33,000 for units more than 600sqft, and lockers from $3,500. The parking is all going to be above ground, which would save the developer HUGE costs since (from what we have previously been told) parking costs are usually about double what the developer charges, but must be included due to restrictions from the City of Ottawa.
Condo fee, or the maintenance fee will be approximately $0.42 per sqft. Deposit was another HUGE drawback, Minto is asking for 25% staggered throughout the process.
Expect UpperWest Condos to be completed sometime summer 2015.