Monthly Archives: August 2010

Realtor Introduction to Bluwater-Aug 17,2010

I attended the Bluwater agent only event yesterday where the Invidiata Team graciously  hosted the introduction to Bluwater Condominiums for realtors.
There are going to be three buildings of which only the first two buildings A and B. are currently released. Building  A  on the east side of the site closest to downtown Oakville  and will have 71 units in it. Building B is in the center of the three buildings, and faces the pool and then Lake Ontario. Building B. has 61 units in it. Building C will be released at a later date and will contain 72 units. Bluwater therefore will be 204 units.
The price per square foot in Bluwater ranges from $489 per square foot up to $655 per square foot.
The size of the units in Bluwater range from 695 ft.², up to 2685 ft.².
The price premium per floor above the ground floor is approximately $5000 per floor.
The units that have no Lake view are at the lower range of the price per square foot spectrum and units with pool and lake views are higher.
The deposit structure is $5000 with the agreement of purchase and sale and the balance up to 5% of the value of the units in 90 days. 5% more in 120 days after that 5% more in construction start date. Another 5%  120 days after construction start date and 5% on occupancy, which is currently scheduled for March 7, 2013. You get one underground parking space, one locker and the HST is included in the purchase price maintenance fees are estimated at $.51 per square foot and property taxes are estimated at 1% of the purchase price.
The special pricing available before August 26 for clients who come in with their Realtors is 5% off of the listed price. These prices are in effect only until August 26, 2010. Preliminary information indicated that Thursday, August 26 would be the first opportunity to make a purchase at Bluwater. At yesterday’s session they indicated that units may be selected, starting immediately, and if the paperwork is in that deals could be accepted before the 26th. Completed worksheets will be time and date stamped and processed in the order in which they are received by fax sent by the realtor that you are working with. If you were seriously thinking of a condominium at Bluwater and want the opportunity of first choice and also want the opportunity of saving 5% then it is in your best interests to talk to your realtor as soon as possible.
There will be an opportunity for realtors to take their clients for a viewing of the site. On Saturday, August 21 between the two and five. This is by invitation only, with realtors and their clients.
I reviewed all the data given and the floorplans so if you are interested in my views please call.

 Some of the features of Bluwater  that were discussed include.

Distinctive architecture that complements Bluwater’s lakeside surroundings.
Resort inspired grounds, large central terrace with plunge pool and outdoor dining/BBQ area, and fireplace lounge.
Exclusive Bluwater Spa with whirlpool, operated by Oakville’s renowned Rosewater spa.
State-of-the-art equipped exercise room, yoga/Pilates studio, and men’s and ladies lockers, saunas and showers.
Residents lounge with bar  and caterers kitchen, private dining room.
9 foot ceiling height,  (up to 10 foot on ground floor] with smooth finish throughout.
Gourmet kitchens with custom-designed cabinets and extra tall uppers, granite or quartz countertops, Kohler fixtures, tile backsplash,valence lighting over work surfaces, and European-style appliances all as per plan.
Elegant ensuites with soaker tubs and separate showers.
Ensuite library with front loading washer and dryer.
24-hour concierge service.Gas hookup and hose bib on balconies and terraces.

Cheers…Doug Izon P. Eng. Real Estate Broker, Century21 Dreams 905-599-1265; Mortgage Broker, Centum Total Mortgage Services Inc. Lic # 10646

Pool and Spa on Lake Ontario Bluwater Condos, Oakville

Looking at the artists rendition of the  Bluwater Condos in Oakville  it looks very elegant and chic. It reminds me of Cancun hotels with the large pool overlooking the water. The pool is between the center tower (of 3) and Lake Ontario. Many units will have  great views of the pool and that will add to the resort feel of this condo. I have a pool in my back yard and although I seldom go swimming it creates that “vacation”  feeling.

Cheers…Doug Izon P. Eng. Real Estate Broker, Century21 Dreams 905-599-1265; Mortgage Broker, Centum Total Mortgage Services Inc. Lic # 10646

Price Point for Bluwater Condos, Oakville

On the preliminary information from Bluwater Condos they state that the units will be priced from the low $400s to over $1.5 million and the Bluewater suites will range in size from 695 feet up to 2715 feet. If you match up the smallest size and the lowest price and the largest size and the highest price than that works out to $575 per square foot for the small unit and $552 per square foot for the large unit. Pricing of condominium units is a very interesting study. Many factors come into play, including the height in the building, the view, the balcony space, etc. Some  condominium developments (not Bluwater) will add $200 per square foot for a water view as compared to a town view. The premium per floor varies wildly amongst condominium developments, but typically higher is more expensive. We will have a better idea of the price points and premiums after the brokers/agents introductory session on August 17. I will keep you posted.

Cheers…Doug Izon P. Eng. Real Estate Broker, Century21 Dreams 905-599-1265; Mortgage Broker, Centum Total Mortgage Services Inc. Lic # 10646

Pembertons Bluwater Condos Oakville Rollout

As a Realtor I received the following dates regarding the rollout of the Bluewater Condominium project being built by Pemberton and being marketed by The INVIDIATA Team of RE/MAX Aboutowne Brokerage. August 17 is a broker/agent information date. August 26 is the date for broker/agent purchasing and the general public opening will be on September 18, 2010. Condominium roll outs can take many forms. Builders like Mattamy will quite often just have one opening date where people line up and at 11 o’clock on a Saturday they will open the doors and the people who were lined up will get first selection of the units. Most condominium developments market their properties in a cooperative fashion through the Realtors community. To ensure that the realtors are aware of and knowledgeable of the product that is being brought to market they will have information days such as the one that Bluewater will have on August 17. Realtors may then contact their clients and give them the information that they learned to see if this development is a good fit. If the clients are interested then those realtors may bring them typically to a purchasing opportunity where they will have full details of the condominiums that are being built and will have the option of buying a unit on that day. For this development that day he will be August 26 for broker/agent purchasing. For members of the public who are not working with a realtor the grand opening of the project will be on September 18. Quite often there are incentives and discounts for people who buy with their broker/agent on the broker/agent purchasing day. If you are interested in the Bluewater project then I suggest that you contact  and encourage your realtor to attend the August 17 information date. I will be there on Aug 17 and on August 26. I have attended the initial meetings for 111 Forsythe, The Shores, Ashford Terrace, Alton Village-Cornerstone, The Woods of Aubergene, 1 Bloor Street, and X. It is the beginning of a three to five year cycle for investors. We will know more about the rollout for Bluewater after the initial meeting on August 17. I will keep you posted.

Cheers…Doug Izon P. Eng. Real Estate Broker, Century21 Dreams 905-599-1265; Mortgage Broker, Centum Total Mortgage Services Inc. Lic # 10646