Celebrity Condo: 333 Sherbrooke East.

333 Sherbrooke St., East: a luxury condominium project designed to appeal to a clientele with an eye for quality and location.

In the heart of Montreal’s trendy Plateau neighbourhood, the development consists of 83 units in Phase I, 67 units in Phase II, and 30 townhouses linked to the property. The second phase of construction at 333 Sherbrooke St. East, was officially launched on April 1st 2008 by Richard Homburg, President and Chief Executive Officer of Homburg Invest Inc., the occupancy is set for autumn 2008. The $35 million second phase increases Homburg Invest’s total commitment to its Montreal portfolio to more than $1 billion over the past three years.

“Phase I is effectively sold out, and Phase II sales have surpassed the critical level needed to ensure the success of the project. Once completed, 333 Sherbrooke St. East will be a reference for luxury condominium living in downtown Montreal.” Mr. Homburg said.

To date, the project has attracted buyers from all over Europe, the United States and Canada.

“Location, location, location. Montreal is ideally situated as a major crossroads for European and North American trade and business,” Mr. Homburg continued. “Montreal possesses all the qualities of a major real estate market, from a large, well educated population to a solid transportation infrastructure to a growing economy supported by healthy activity in several key sectors, like aerospace, life sciences and information technology”

Source: NewsWire.ca

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Featured Condo: Les Cours Cosmopolis Laval

Where: 2100, avenue Terry Fox, Laval.
Size: 2 buildings, 6 floors each , 160 units in total.
How much: $229.500 starting price.
Architect: (we just don’t know)
Developer: Le Groupe Cholette
The Scoop: Supposedly, this is one of the most talked about Condo complex in Laval. Why? well… apart from the awesome interior design, the architectural style (glass, metal and concrete) is a mix of modern and elegant, without looking overly pompous. Choices of indoor or outdoor parking.

The Cosmodôme and Colossus cinema are within walking distance, along with a choice of restaurants (not sure how good they are) and let’s not forget the well-known supper club Moomba (Wednesday night, ladies special). Gym, supermarkets and all amenities also close by, so you never have to leave Laval ever again. But if you do, access to highway 15 is right down the street and upcoming metro station Montmorency.

Their website has some mention on rentals in the building(s), and a few very enticing images are displayed in the form of virtual tour.

Try to get a condo like that in Montreal, for less than 300k.

Montreal’s most expensive condo. Whoa!

As you already know, Montreal’s first quarter market reports were released last week, and the average price of a condo is now $205,000, a 2% increase from last year. Well, a price like that won’t get you much in Montreal’s hottest spots.

If the average price is 205k, what’s the most expensive apartment for sale at this moment? We searched online for properties over 3 million in the metropolitan area, and came up with 3 winners. But this one gets the cake:

It’s located in Old Montreal. The asking price is over 4 million, Read more

SLEB: The criminal scandal behind the luxury project.

The luxury condo development called Sleb on the corner of St. Laurent and Ontario was originally started by Minco Construction. In 2003 by Luciano Minicucci. Dozens of home buyers invested at the pre-construction level of this project.

The project started in 2003 to be completed in 2005 and that same year Minco Construction sought bankruptcy protection from it’s creditors, since then no work has been completed in Sleb. Last November the superior court withdrew the project from MINCO Corporation to give it to Bartolo Dalle Nogare (9170-6929 Quebec Inc.), the new owner.

Luciano Minicucci was arrested in Italy in mid January 2008, for extortion against the new owner of Sleb. Read more