For more information, please call Sam Mizrahi of Mizrahi Developments | 181 Davenport | Yorkville neighbourhood | Occupancy is scheduled in 2015 | Toronto Condo Market

Mizrahi Developments' Toronto condo project defies Canada's softening real estate trend

Toronto's condominium sales may be cooling overall, according to the latest figures from the Canadian Real Estate Association, but there's a hot spot in Yorkville that's defying the sharp downward trend in the hardest hit segment of the market, producing sales results that one expert called "revolutionary."

 

In October 2012, at a time when the condo market's fast-cooling trend was creating significant trepidation and fears of a severe correction, Mizrahi Developments launched 181 Davenport, a building of 110 units, in Toronto's Yorkville neighbourhood. Amidst gloomy media reports about a persistent downturn in the condo market and uncertain economic conditions, 181 Davenport has defied market predictions. In just over 60 days of the launch date, over 50% of the residences have sold. Occupancy is scheduled in 2015.

At the start of January 2013, Mizrahi Developments achieved a weekly record in dollar-figure sales with customers purchasing homes at both 181 Davenport and Mizrahi Developments' adjacent luxury condo building, 133 Hazelton.

Mizrahi Developments entered the luxury condominium market in Toronto in the fall of 2011, when it launched 133 Hazelton in Yorkville, a mid-rise boutique building on the northern edge of Toronto's mid-town heritage neighbourhood with 35 residences and three townhouses. Within the first 60 days, over 50% of the residences had sold. When construction began in June of last year, 95% of the building, on schedule for occupancy in 2014, had sold in less than 9 months.



181 Davenport | Davenport and Avenue Road | 12 Floors | Mizrahi Developments | Page and Steele (P&S) | Yorkville - Annex

 

Development Name:	181 Davenport
Development Address :	Davenport and Avenue Road
Development Type :	Highrise - Tower - Skyscraper
Number of Floors:	12 Floors
Developer:	Mizrahi Developments
Architect :	Page and Steele (P&S)
Rendering : If Available
Location:	Yorkville - Annex
Amenties
Realtor:

181 Davenport | Davenport and Avenue Road | 12 Floors | Mizrahi Developments | Page and Steele (P&S) | Yorkville - Annex

For more information, please call Sam Mizrahi at 416 - 818-5288. 
www.mizrahidevelopments.com