HomeDiagramsDatabaseMapsForum About
     

Go Back   SkyscraperPage Forum > Regional Sections > Canada > Manitoba & Saskatchewan


Reply

 
Thread Tools Display Modes
     
     
  #1041  
Old Posted Jun 25, 2020, 7:39 PM
buzzg buzzg is offline
Registered User
 
Join Date: Apr 2013
Posts: 7,799
It really depends what you define as good and bad, or what your goal is. The current "bad" condo market is bad for real estate agents and people who bought them as investment properties to rent or flip. By the same token, the current market is great for people looking to buy who may not otherwise be able to afford it, or can get a better condo. It's also good for developers who focus on rentals.
Reply With Quote
     
     
  #1042  
Old Posted Jun 25, 2020, 9:19 PM
eman eman is offline
Registered User
 
Join Date: Mar 2010
Location: Winnipeg
Posts: 177
Quote:
Originally Posted by Jammon View Post
When I discussed this with my real estate agent, he said new builds (especially the wood frame builds in many of the suburban areas) were driving the market down. I have spoken with many people in the housing market that have agreed that the city needs to take a more proactive approach in regulating condo development.
390 is the first of what I consider a real condo like I have experienced in NYC and Vancouver. Its tall and sender, good walk score(Osborne, the forks and downtown), indoor parking, great views. Even the colour green glass is just like Vancouver,, Vancouverism. I didn't even look at websites of wood construction, suburban condos. 55 Nassau would be my next choice but its 50 years old and there is always a massive project going on. I am surprised more people don't feel the same way and buy up 390 fast. It will sell out and I think the people that live there will love it way more than buyers that settle for 4 story view of the IKEA parking lot.

https://en.wikipedia.org/wiki/Vancouverism

Last edited by eman; Jun 25, 2020 at 9:31 PM.
Reply With Quote
     
     
  #1043  
Old Posted Jun 25, 2020, 9:26 PM
buzzg buzzg is offline
Registered User
 
Join Date: Apr 2013
Posts: 7,799
While I personally agree with that idealistically, it's just not remotely the case. People thinking about a condo on Sterling Lyon aren't deciding between there and downtown. It's there and Sage Creek, Reendeers, Meadowood, etc. 390 people are likely comparing to OV, Exchange, maybe West Broadway. And all those places have much cheaper options, and OV/WB have more everyday amenities.
Reply With Quote
     
     
  #1044  
Old Posted Jun 25, 2020, 9:54 PM
eman eman is offline
Registered User
 
Join Date: Mar 2010
Location: Winnipeg
Posts: 177
Quote:
Originally Posted by buzzg View Post
While I personally agree with that idealistically, it's just not remotely the case. People thinking about a condo on Sterling Lyon aren't deciding between there and downtown. It's there and Sage Creek, Reendeers, Meadowood, etc. 390 people are likely comparing to OV, Exchange, maybe West Broadway. And all those places have much cheaper options, and OV/WB have more everyday amenities.
I don't consider those worthy condos,, may as well rent. They don't live up to what a condo should be, within a walkable community. I guess, that is Winnipeg-condo-ism. Its not the kind of condo I would want to live in, in Winnipeg and I can't imagine that type of condo working in any of the big cities I visit. 390 is the best. Glasshouse is in a part of downtown I visit, but it's too far from the Forks or Osborne Village. The next condo build is at True North Square and I don't like it for the same reason as Glass. All recent builds in the Village are 4 floors I don't bother with. You're right that Winnipeger's want the cheap stuff even if its made of wood.

https://www.instagram.com/p/CAWk0ILAW2V/
Reply With Quote
     
     
  #1045  
Old Posted Jun 25, 2020, 10:22 PM
buzzg buzzg is offline
Registered User
 
Join Date: Apr 2013
Posts: 7,799
I'm sorry are you saying OV isn't walkable? And only towers are "worthy" condos?
Reply With Quote
     
     
  #1046  
Old Posted Jun 25, 2020, 10:41 PM
eman eman is offline
Registered User
 
Join Date: Mar 2010
Location: Winnipeg
Posts: 177
Quote:
Originally Posted by buzzg View Post
I'm sorry are you saying OV isn't walkable? And only towers are "worthy" condos?
I really wanted the Village, I have no interest in 4 floors. 55 Nassau is too old. All new builds in OV are 4 floors. 390 is the best available right now, walkable to OV, the Forks and downtown and great views, indoor parking. I participated in the neighbourhood plan and made my ideas clear, but when given a choice Winnipeger's aim low. Tall is scary. The only place tall is permitted in the Village now is next to the tracks at confusion corner and so far nothing TOD has been built.

Last edited by eman; Jun 26, 2020 at 6:26 PM.
Reply With Quote
     
     
  #1047  
Old Posted Jan 19, 2021, 5:29 PM
GreyGarden GreyGarden is offline
Registered User
 
Join Date: Mar 2017
Posts: 761
I came across this photo on a Canada forum. The tall building on the left looks like a taller version of 390 on the River viewed from the Forks.

Quote:
Originally Posted by mcminsen View Post
From Cambie Bridge.

On a related note, most nights I go for a run around the Legislative grounds and it seems like this building is at least starting to have some tenants. More and more lights on at night.
Reply With Quote
     
     
  #1048  
Old Posted Jan 20, 2021, 12:40 AM
buzzg buzzg is offline
Registered User
 
Join Date: Apr 2013
Posts: 7,799
They started renting the first 2 or 3 floors as apartments. Wouldn’t be surprised if more come.
Reply With Quote
     
     
  #1049  
Old Posted Apr 18, 2021, 7:23 PM
eman eman is offline
Registered User
 
Join Date: Mar 2010
Location: Winnipeg
Posts: 177
As of now 390 is over 45% occupied. The 6 and 7th floors are fully rented (no more rentals available). Winnipeg buyers don't seem to appreciate the prices as sales are pretty slow. I still think it's the best building available. Suburban condos are considerably less, but none have views like this or walkable to downtown, the River Walk, the Forks and Osborne Village. 390 is what an ideal high-rise condo should be, checks all the boxes. Even better than any Airbnb condo buildings I have stayed in NYC, Toronto or Vancouver. Winnipeger's want a discount because they compare it to the single family housing market or suburban condos that are short and wide built on cheap land. None of the penthouse units have sold yet. They are completely unfinished bare concrete ready to be customized.

The view from the north west side:

https://www.instagram.com/p/CMQvUHPAEoR/

Last edited by eman; Apr 19, 2021 at 4:00 AM.
Reply With Quote
     
     
  #1050  
Old Posted Apr 18, 2021, 11:09 PM
OTA in Winnipeg's Avatar
OTA in Winnipeg OTA in Winnipeg is offline
Registered User
 
Join Date: Mar 2016
Location: Silver Heights
Posts: 1,614
Title needs an update unless U/C means the unfinished Penthouses too?
Reply With Quote
     
     
  #1051  
Old Posted Apr 19, 2021, 12:26 AM
buzzg buzzg is offline
Registered User
 
Join Date: Apr 2013
Posts: 7,799
The building is gorgeous but IMO they went way overboard with the interior finishes. They're extremely high end, but there also very unique and of a certain style (lots of bright blue tile, "arty" design) that I think would not be everyone's taste... and when you're starting at $500,000 for a brand new condo with finishings you don't like. Tough pill to swallow.

Also I think in general they just went so high end with the finishings they mis-read the market.
Reply With Quote
     
     
  #1052  
Old Posted Apr 19, 2021, 1:32 AM
Labroco's Avatar
Labroco Labroco is offline
Registered User
 
Join Date: Jan 2014
Location: Toronto
Posts: 767
How large are the penthouses? What is the pricing? How much are the common area costs $ft2? Are they being sold raw or finished?
Reply With Quote
     
     
  #1053  
Old Posted Apr 19, 2021, 1:32 AM
eman eman is offline
Registered User
 
Join Date: Mar 2010
Location: Winnipeg
Posts: 177
Quote:
Originally Posted by buzzg View Post
The building is gorgeous but IMO they went way overboard with the interior finishes. They're extremely high end, but there also very unique and of a certain style (lots of bright blue tile, "arty" design) that I think would not be everyone's taste... and when you're starting at $500,000 for a brand new condo with finishings you don't like. Tough pill to swallow.

Also I think in general they just went so high end with the finishings they mis-read the market.
Glass House has lesser finishes, exposed ducts, concrete and cheaper appliances. Sales probably moved faster because they attracted investors that rent out short term Airbnb and long-term. 390 does not allow Airbnbs, which live in owners appreciate not having to deal with transient parties all the time. 390 seems to be all live-in owners except for the 6 and 7th floor leases. 6 to 17 floor with 6 units per floor. The two small 2br units per floor I believe start at $350,000 and climb with higher floors. That's reasonable,, they're only about 700sq. The prices start to climb fast for larger units. From 18 to 22 only 4 units per floor. The top selling unit is 06 facing south east 816sq. All units come with parking.
Reply With Quote
     
     
  #1054  
Old Posted Apr 19, 2021, 2:00 AM
eman eman is offline
Registered User
 
Join Date: Mar 2010
Location: Winnipeg
Posts: 177
Quote:
Originally Posted by Labroco View Post
How large are the penthouses? What is the pricing? How much are the common area costs $ft2? Are they being sold raw or finished?
The Penthouses, half floor each are completely unfinished just plumbing pipes and concrete. The furnaces are sitting in boxes as their placement will depend on how you choose to design it. 2098sq and 2295sq.

Of course you could buy more than one unit on two floors like Izzy Asper did at One Wellington and cut holes in the concrete for stairs.

I don't know the prices, its gotta be million or more.

One unit that sold on the 16th floor is two units combined, 1605 and 1606 about 1775sq not as big as a penthouse, but larger than 1501sq 02 units on 18 to 22.

Last edited by eman; Apr 19, 2021 at 2:29 AM.
Reply With Quote
     
     
  #1055  
Old Posted Apr 19, 2021, 2:42 AM
eman eman is offline
Registered User
 
Join Date: Mar 2010
Location: Winnipeg
Posts: 177
In my opinion the best units are in the north west corner 02 6 to 22 or 03 6 to 17floors. Though the best sellers are 06 facing south east(nicest river view). The south facing units will get lots of sun from sunrise and heats up the place, too much sun. The 02 and 03(6to17) start getting sun at 1pm and doesn't really heat up too much. The sunsets and summer storms facing the Legislative Building are amazing.

Last edited by eman; Apr 19, 2021 at 3:08 AM.
Reply With Quote
     
     
  #1056  
Old Posted Apr 19, 2021, 3:16 AM
wags_in_the_peg's Avatar
wags_in_the_peg wags_in_the_peg is online now
Registered User
 
Join Date: Oct 2006
Location: Winnipeg, MB
Posts: 3,188
Quote:
Originally Posted by eman View Post
🤩 now that’s a view, great job capturing it!

I love this building, and when kids leave the nest in 6-8 yrs I hope I’m still attracted to it
__________________
just an ordinary Prairie Boy who loves to be in the loop on what is going on
Reply With Quote
     
     
  #1057  
Old Posted Apr 19, 2021, 3:47 AM
bomberjet bomberjet is online now
Registered User
 
Join Date: Nov 2012
Location: Winnipeg
Posts: 13,707
The unfinished penthouses are for sale for $800k. Very limited market.

It needs to be someone really dedicated to living in a condo downtown. Never mind the finishing costs.
Reply With Quote
     
     
  #1058  
Old Posted Apr 19, 2021, 4:03 AM
eman eman is offline
Registered User
 
Join Date: Mar 2010
Location: Winnipeg
Posts: 177
Quote:
Originally Posted by bomberjet View Post
The unfinished penthouses are for sale for $800k. Very limited market.

It needs to be someone really dedicated to living in a condo downtown. Never mind the finishing costs.
One Wellington is on the market right now asking $2,799,000 8000sq.

I'm curious to see which sells first. Wellington is only 11 floors, covered in limestone right? 390 is 24 with better views. Even your car can have a river view.

https://www.point2homes.com/CA/Condo.../91035026.html

Last edited by eman; Apr 20, 2021 at 12:45 AM.
Reply With Quote
     
     
  #1059  
Old Posted Apr 19, 2021, 4:20 AM
eman eman is offline
Registered User
 
Join Date: Mar 2010
Location: Winnipeg
Posts: 177
Quote:
Originally Posted by wags_in_the_peg View Post
🤩 now that’s a view, great job capturing it!

I love this building, and when kids leave the nest in 6-8 yrs I hope I’m still attracted to it
Pretty easy to capture from the livingroom, the sunsets are unobstructed most of the year. The red white and blue on that day is the most unique one I have ever seen.
Reply With Quote
     
     
  #1060  
Old Posted Apr 19, 2021, 2:05 PM
bomberjet bomberjet is online now
Registered User
 
Join Date: Nov 2012
Location: Winnipeg
Posts: 13,707
I feel like that unit at Wellington has been for sale for forever.

390 is definitely nice and having a blank canvas to create whatever you want is also nice. If I could afford it, I'd consider it. Maybe one of the NHL guys will buy it haha
Reply With Quote
     
     
This discussion thread continues

Use the page links to the lower-right to go to the next page for additional posts
 
 
Reply

Go Back   SkyscraperPage Forum > Regional Sections > Canada > Manitoba & Saskatchewan
Forum Jump


Thread Tools
Display Modes

Forum Jump


All times are GMT. The time now is 7:39 PM.

     
SkyscraperPage.com - Archive - Privacy Statement - Top

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.