SOHO Champagne [111 Champagne Ave S] | 66+82m | 22+25f | U/C - Page 7

JackBauer24 · #**121** Posted **May 20, 2011, 3:16 PM**

I guess my source of info was wrong - looks like the grand opening for the site is Saturday, June 4 at noon. I got the Saturday part right at least.

I'm glad it's on a weekend and not during the week - I wasn't really looking forward to taking a day off to stand in line.

Has anyone seen any of the floor plans yet?

JackBauer24 · #**122** Posted **Jun 1, 2011, 1:56 AM**

Who's going to the launch? What time do you think the first person will be there?

I was at the Lisgar launch 4 hours before they opened and I was probably the around the 100th-120th person in.

sidman · #**123** Posted **Jun 4, 2011, 2:39 AM**

prices are high, smallest unit 267k 535 sq feet -- parking 32.5k, locker 3.5k.

JackBauer24 · #**124** Posted **Jun 5, 2011, 1:15 AM**

Quote:

Originally Posted by sidman

prices are high, smallest unit 267k 535 sq feet -- parking 32.5k, locker 3.5k.

Today at the launch was 2% off, so the lowest price was $262k, which makes it $490/sq ft for the smallest suite. That's not too bad at all. Plus take in too account there are 15,000 sq ft of amenities, views of downtown or Dow's lake, hotel services available - not a ad deal at all.

I also thought there were no poor layouts - no "bad apples". I thought the product was really great - I hope my back-up holds go through.

reidjr · #**125** Posted **Jun 5, 2011, 11:20 AM**

Quote:

Originally Posted by JackBauer24

Today at the launch was 2% off, so the lowest price was $262k, which makes it $490/sq ft for the smallest suite. That's not too bad at all. Plus take in too account there are 15,000 sq ft of amenities, views of downtown or Dow's lake, hotel services available - not a ad deal at all.

I also thought there were no poor layouts - no "bad apples". I thought the product was really great - I hope my back-up holds go through.

Was there a good crowd there?

sidman · #**126** Posted **Jun 5, 2011, 7:38 PM**

Quote:

Originally Posted by JackBauer24

Today at the launch was 2% off, so the lowest price was $262k, which makes it $490/sq ft for the smallest suite. That's not too bad at all. Plus take in too account there are 15,000 sq ft of amenities, views of downtown or Dow's lake, hotel services available - not a ad deal at all.

I also thought there were no poor layouts - no "bad apples". I thought the product was really great - I hope my back-up holds go through.

That's not too bad then. I wasn't a big fan of the smallest unit's floorplan, alot of "dead" space from the door to the living room. I heard its $3,000 premium for each floor -- so is 262k on the bottom floor?

condo_luver · #**127** Posted **Jun 6, 2011, 2:38 PM**

I was there near the end of the day and most units were reserved on the floors they had released. They said once they hit 80% sold on the first tower, they'll release the second. I hope they offer some different floor plans.

Does anyone know when the townhouses will be released and what the prices for those would be like?

JackBauer24 · #**128** Posted **Jun 10, 2011, 6:37 PM**

Quote:

Originally Posted by condo_luver

I was there near the end of the day and most units were reserved on the floors they had released. They said once they hit 80% sold on the first tower, they'll release the second. I hope they offer some different floor plans.

Does anyone know when the townhouses will be released and what the prices for those would be like?

The townhouses were released - 6 of them I think. They started around $750k and were about 1400 sq ft.

JackBauer24 · #**129** Posted **Jun 10, 2011, 6:47 PM**

Quote:

Originally Posted by sidman

That's not too bad then. I wasn't a big fan of the smallest unit's floorplan, alot of "dead" space from the door to the living room. I heard its $3,000 premium for each floor -- so is 262k on the bottom floor?

$262k was on teh 3rd floor. But I was there later on this week again and there aparently were some 2nd floor suite released on Saturday as well which started at $250k.

I have the opposite sentiments as you, I thought the florplans were nicely laid out, even the smallest suite. All condos are going to have 'dead space' unless they're completely open loft style, but I thought the dead space at Champagne was very limited especially compared to Parkway and Lisgar.

JackBauer24 · #**130** Posted **Jun 10, 2011, 6:49 PM**

Quote:

Originally Posted by reidjr

Was there a good crowd there?

I was there in the AM, around 10 - I would say about 150-200 ppl in line in front of me, and when I left a few hours later there was still about 200 in line when I left. It was very well attended.

reidjr · #**131** Posted **Jun 18, 2011, 7:41 PM**

Quote:

Originally Posted by JackBauer24

I was there in the AM, around 10 - I would say about 150-200 ppl in line in front of me, and when I left a few hours later there was still about 200 in line when I left. It was very well attended.

Do you know are phase 1 & 2 going to be built at the same time?

PBC · #**132** Posted **Jun 23, 2011, 5:58 PM**

Question about parking

Would you purchase an investment condo at Champagne if you knew ahead of time that you could NOT secure a parking spot? Units below 350K do not get a spot?

Please feel free to go into details on the logic behind your answer.

FYI- my opinion is that anyone looking to purchase or rent a luxury condo is also the type of person to have a car, and a pretty sweet one at that would be my guess!

PBC · #**133** Posted **Jun 23, 2011, 6:08 PM**

Quote:

Originally Posted by reidjr

Do you know are phase 1 & 2 going to be built at the same time?

Phase 2 will start when Phase 1 is roughly 80% full

PBC · #**134** Posted **Jun 23, 2011, 7:05 PM**

Quote:

Originally Posted by PBC

Phase 2 will start when Phase 1 is roughly 80% full

Make that 80% sold

AuxTown · #**135** Posted **Jun 24, 2011, 2:18 AM**

Quote:

Originally Posted by PBC

Question about parking

Would you purchase an investment condo at Champagne if you knew ahead of time that you could NOT secure a parking spot? Units below 350K do not get a spot?

Please feel free to go into details on the logic behind your answer.

FYI- my opinion is that anyone looking to purchase or rent a luxury condo is also the type of person to have a car, and a pretty sweet one at that would be my guess!

My personal opinion, but I would never buy a condo in Ottawa without a parking spot. Even if the person buying/renting the unit does not have a car they can just rent the spot out (much more lucrative downtown of course).

reidjr · #**136** Posted **Jun 24, 2011, 12:57 PM**

Quote:

Originally Posted by PBC

Make that 80% sold

It must be very close to the 80% as the demand i heard was there at the launch was huge.

Mille Sabords · #**137** Posted **Jun 26, 2011, 2:46 AM**

Quote:

Originally Posted by PBC

Question about parking

Would you purchase an investment condo at Champagne if you knew ahead of time that you could NOT secure a parking spot? Units below 350K do not get a spot?

Please feel free to go into details on the logic behind your answer.

FYI- my opinion is that anyone looking to purchase or rent a luxury condo is also the type of person to have a car, and a pretty sweet one at that would be my guess!

It wouldn't be impossible for someone who works nearby (one of the NRCan buildings, or elsewhere in the Booth Street complex, or over at the Adobe-Xerox towers up on Preston, or even at the Civic Hospital) to not own a car and rent at Champagne. The advantage of a car-less condo is that your rent can reflect the lower purchase price (and lower carrying costs - less mortgage, less condo fee) - so that prices your rental more competitively for what your tenants will get in that building (amenities, services, location, etc.).

But, by and large, what O-Town said is fair: the "safer" thing that most people would do is to buy a parking spot.

McC · #**138** Posted **Jun 26, 2011, 12:51 PM**

Quote:

Originally Posted by Mille Sabords

It wouldn't be impossible for someone who works nearby (one of the NRCan buildings, or elsewhere in the Booth Street complex, or over at the Adobe-Xerox towers up on Preston, or even at the Civic Hospital) to not own a car and rent at Champagne. The advantage of a car-less condo is that your rent can reflect the lower purchase price (and lower carrying costs - less mortgage, less condo fee) - so that prices your rental more competitively for what your tenants will get in that building (amenities, services, location, etc.).

But, by and large, what O-Town said is fair: the "safer" thing that most people would do is to buy a parking spot.

the absence of staples like a grocery store, liquor store*, pharmacy, etc in anywhere near close proximity are still a tough challenge for being totally car free in the area, but a virtucar membership could satisfy those needs.

*I'm still ruing the closure of the LCBO at Wellington and Hamilton which signalled to me the corp.'s disinterest in serving Ottawa's urban residential neighbourhoods.

S-Man · #**139** Posted **Jun 26, 2011, 6:36 PM**

This development plus Domicile should signal the need for a grocery/liquor store - certainly the BIA should get involved. If the Booth Street complex is going to be partially razed for residential homes, there needs to be a store in place first.

reidjr · #**140** Posted **Sep 17, 2011, 6:09 PM**

Has anyone heard has there been a date set when construction will start?