Thank you for your help and I look forward to your reply.

Paola Z.

No, there is no such thing Paola. Lofts come under the category of condominiums which means there are common areas with shared hallways, heating systems, roofing systems, plumbing, underground parking spots etc etc. you get the picture. Common expenses pay for the maintenance of these many items. Plus each common expense has a portion called Reserve Fund. The reserve fund is a percentage that is designated by Law which must be put aside for long term repairs. If you are in the price range you may consider free hold townhomes instead

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Buying a New Condo In Toronto

If you would like representation with builders please contact us and we can explain how our service works. Our service costs you nothing. Aeriol Nicols at (416)-445-8855

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"Richmond is undergoing a lot of rejuvenation. There are great restaurants, a lot of young artists and professionals, and on nearby Queen St., are a number of new high-end stores. As the area improves, condo values rise."

In keeping with its name, the 17-storey building will be contemporary with large expanses of glass accented by polished aluminum and textural brick. Suites will feature balconies, French balconies or terraces, with retail shops on the ground floor.

"The Modern is for the first-time buyer and though it's contemporary, it's also classic," says Shear.

For warmer months, there will be the M Lounge with a rooftop garden, two plunge pools, lounge chairs, picnic tables, a barbecue and an outdoor shower.

Inside, Mike Niven Interior Design Inc. will create a two-storey lobby and lounge opening onto a landscaped courtyard garden.

The 343 suites offer European-style kitchens, stone counters and a stainless steel appliance package.

Sizes range from 380 square feet to 920 square feet, with suites starting at $157,990. Maintenance fees are 49 cents a square foot. Suites include studio to two-bedroom designs and Shear says 48 per cent of the building will be one-bedroom and den units, which will have either a powder room or full second-floor bathroom. Many two-bedroom suites are corner units, so there's a lot of glazing.

In addition to the outdoor amenities, there is the indoor Mod Club where residents will be able to sit by the fireplace, dance or take in a movie in the theatre room.

The Modern on Richmond will officially open for sales today and Shear hopes to start construction next summer. Occupancy would be in mid-2010.

The location is at 320 Richmond St. E., at Sherbourne St.

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Location: Queen Street East and Broadview Avenue

New to the South Riverdale –or Leslieville–neighbourhood is Leslieville Lofts, a project by Hyde Park Homes and Lamb Development Corp. Featuring an exterior of dark brick, the building fronts on to Broadview Avenue and has 157 loft-style suites in total. Close to the Queen East streetcar route, the project is also situated near a range of neighbourhood shops and restaurants. The sales office opens next weekend.

BUILDER/DEVELOPER Hyde Park Homes and Lamb Development Corp.

BUILDING Eight storeys

SUITES Studio, one-bedroom, one-bedroom-plus-den, two-bedroom and penthouse units, as well as two-storey townhouses at street level

SIZE 470 to 2,265 square feet

OCCUPANCY Summer, 2010

TARGET MARKET Largely young buyers, from their 20s to their 30s

FEATURES Suites include nineft. ceilings, exposed concrete ceilings and feature walls, granite or quartz kitchen countertops, gas barbecue connections on the terraces, prefinished engineered hardwood flooring, rain-style showerheads and floor-to-ceiling windows.

AMENITIES The building features a green roof, a concierge, a party room, a fitness room, a guest suite, a landscaped area and an AutoShare car parked at the building.

STANDOUTS The site is located in the burgeoning Queen Street East neighbourhood, with a range of restaurants and boutique shops close by. Suites at the site are also zoned for live/work use.

Lisa Van de Ven, National Post
Published: Saturday, November 17, 2007

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