OTIS | 6 fl | U/C

[tomh009]

Top floor is penthouse - 2400 square foot interior (gotta ve vigger than the avg detached house in Kit). Do the 5th and 6th floor even reach well above that tree like to have a full view of the park?

Do you beleive there is a market in that spot for 800k+ condos?

2400 sf is large. That’s a lot of space for a lot of things. As for $800k condos, sure. There are a lot of people with money, and this is a great location.

Correct. And the view would be good.

However, they do have some challenges with selling a $1.3M unit at OTIS:

• Very limited building amenities (as compared to other high-end buildings)
  
• Building completely surrounded by rental properties ($1.3M buyer might expect otherwise)
  
• Balcony overlooks the park washroom area (a favoured spot for recreational drug use)