We always knew The Berczy was hot. With a view of the famous Flatiron Building and a short stroll from the St. Lawrence Market, the Front Street condo was sure to pique the interest of discerning Torontonians. In fact, the 161-unit project sold out within six months of being offered for sale back in 2010.
“This is extremely rare,” said Catherine Diraison, Director of Sales at Concert in Toronto, adding that most Toronto condominiums can take months – or in some cases years – after full occupancy to register. However, the 13-storey condo registered on September 17.
The project skipped over the “interim occupancy period.” During this time, condo owners have to pay occupancy fees until the building registers and becomes a condo corporation. The Berczy’s early registration means that all but he earliest occupants will proceed directly to final closing on their units, saving time and money.
For home hunters who missed out on their first opportunity to live in such an in-demand location, Concert has another neighbourhood project. Located just west of The Berczy at the corner of Scott and Wellington Streets, 88 Scott is situated between the financial district and the historic St. Lawrence neighbourhood.
The 58-storey, mixed-use building is currently under construction and we can’t wait to chart its future successes too.