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Real Estate

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Condo of the Week: $2.3 million for a Trump Tower suite with a striking terrace view

Condo of the Week: 311 Bay Street, Unit 3404

Address: 311 Bay Street, Unit 3404
Neighbourhood: Bay Street Corridor
Agent: Jim Burtnick, Sotheby’s International Realty Canada, Brokerage
Price: $2,300,000

The Place: A two-bedroom corner suite in the luxurious but controversial Trump International Hotel and Tower. Residents have full access to the hotel’s five-star amenities and services, including room service, housekeeping and the 10,000-square ft. business facility.

Bragging Rights: Of the tower’s 118 units, this is one of just five with a terrace, offering a close-up of the red granite Scotiabank Tower and the neighbourhoods to the southeast.

Big Selling Point: The residents’ lobby and many of the amenities are on the 32nd floor, so you won’t have to go all the way down to ground level to use the gym, spa or pool.

Possible Deal Breaker: Smack in the middle of the Financial District, the tower is walking distance to dining, entertainment, and the PATH. However, those with cars will have to rent a parking space since the condo doesn’t come with one.

By the Numbers:
• $2,300,000
• $1,745.71 in monthly maintenance fees
• 1,800 square feet
• 24-hour concierge
• 2 bedrooms
• 2 bathrooms
• 1 terrace

  • jjm

    $1,745.71 in monthly maintenance fees??? ARE YOU KIDDING ME? Toronto has gone to s— in a handbasket.

  • Carrie Chesnutt

    nice view of some buildings.

  • jay

    When I saw Trump’s name, I thought it would be the living-space equivalent of his comb-over, but it’s not bad.

  • Maxwell Arnold

    JJM… That is entirely on par with maintenance fees for luxury buildings. In this case, about $1 per square foot. It represents the proportionate share of the common areas for the ownership of that particular unit.
    That works out to about $21k per year. Which, on a $2.3 million home, you would most likely be paying close to anyway in cumulative maintenance – plus, all the perks that would not be had that the condo building provides (e.g. Concierge, business center, fitness facility, etc.).

 

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