There are definitely a lot of people selling larger homes who want a decent size condominium, Chedington Place is a link to the current shortage of suites in the upper end of the market.
Suites sell for a million dollar plus in the small, exclusive Chedington Place at Bayview and Lawrence. The Chedington is fairly new in terms of construction and has exquisite finishes - suites here have high ceilings, fireplaces, and balconies which overlook the Rosedale ravine. The overall look of the building is inspiring.
Prospective condo buyers in this market are generally looking for two bedrooms and a den, a big kitchen, a balcony and high ceilings. Owners can enjoy valet parking, security and service, which The Chedington provides with some grandeur - service doesn't come cheaply, $1,700 to $2,000 in monthly maintenance fees is the norm in these high-end buildings.
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