Centro Condos at 25 Town Centre Court, 190 Borough Drive, Scarborough

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• published: 26 Dec 2014
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http://www.TorontoCondoRealEstate.ca Tom Sachdeva: Hi, this is Tom Sachdeva selling condos at the Scarborough Town Centre and today we are talking about the two towers: Centro North and Centro South, 25 Town Centre Court, 190 Borough Drive, built by Henderson Development in 2011, has 562 units combined with 31 floors. Jas Jagpal: Both buildings here, Tom are registered under the same corporation and managed by one office at 190 Borough Drive. Tom Sachdeva: So, Jas, what are the finishings in this building? Jas Jagpal: Tom, because it's a newer building, the finishes are modern. So you've got slick, elegant looking kitchens with stainless steel range hoods, granite counters, black appliances or stainless steel appliances, even wine coolers, in every unit. Beautiful laminate flooring throughout and even the bathrooms have elegant finishing touches to them. Tom Sachdeva: Jas, tell me a little bit more about the average unit sizes and the prices for these units. Jas Jagpal: The average size of these units start around 573 square feet, one-bedroom plus dens are in the 650 range, and the two-bedrooms are around the 1,000 square foot range. The average prices for these units, Tom: one-bedroom come without a parking and most of them come without a locker as well. They're hover around $200- to $210, 000. One-bedroom plus den, once again, depending on the view, you could go all the way up to around $270- and from $250,000, and the two-bedroom units, same thing. Depending on the floor level and the view and which building you're in, you could go from $350- all the way to $400,000. Tom Sachdeva: The amenities in this building are on the fifth floor and they're the second best amenities at Scarborough Town Centre. Many modern finishings, they have a huge gym, huge windows which throw in a lot of lights. They have a pool. They have a whirlpool. They have a sauna and a steam room. They have two multi-media theatres. They have a party lounge. They have a card room. They have a billiards room and they have two guest suites. Jas Jagpal: And they also have beautiful outdoor finishes, Tom. On the fifth floor terrace, they have barbeque area, a nice seating area, and it's secluded because it's surrounded by the wood lawn. Remember? So you have a nice park-like feeling while you're on the fifth floor of your own condo. Tom Sachdeva: The buildings have a walk score of 87. The transit score for this building is 97. Very close to the Scarborough Town Centre, minutes to the Scarborough RT stop. You are very close to the golf station, skating rink at Civic Center, the off-leash dog park, Freshco, the Shoppers Drug Mart. All the amenities are minutes' walk from these two buildings. Jas Jagpal: The maintenance fee for this building is 55 cents a square foot, plus your hydro and that includes a pool within your own building and large extensive amenity area. Tom Sachdeva: Jas, what is the pet policy of this building? Jas Jagpal: Well, the pet policy of this building, Tom, is unique because the really don't have a pet policy per se that tells us how many dogs you could have, how many cats, what weight like many of the other condos. So you could have a dog, a cat, hamster, bird, whatever you like and, as long as you take care of it and they're not a nuisance to the other unit holders, at this point, there's no standard pet policy in place. Tom Sachdeva: We also check the tenant mix with the management company and there's mention about 30% of the units are rented at this moment, which is a good mix for any of the condo buildings at Scarborough Town Centre. So, Jas, if you were to buy a condo of this building, what are the three things you need to be aware of? Jas Jagpal: Well, Tom, the three things you want to be aware of are the views in this building - depending on which side you're facing, north, east, south, west, your view could be blocked so that's something is very important and critical in the buying process. Secondly, the buildings have an extra security feature. The elevators are only accessed by fobs. So if you want to get off at the 10th floor, you better have a fob. And, lastly, if you're looking for a two-bedroom/two-washroom unit in the midrange 800 to 900 square foot, you're not going to find that. There's a huge price difference between a one-bedroom plus den to the two-bedroom and two washroom units here, which are over 1,000 square feet, so, which is, Tom, about $270,000 to $370,000 so $100,000 jump right there. So you're not going to find a two-bedroom/two-washroom midrange price around $320- in this building.