Building Analysis – 75 Portland Street, March 2015

Another one of our favourite King West buildings! Designed by Philippe Starck, 75 Portland is a mid-rise building with minimalist amenities. Developed by Freed Developments and Core Architects and finished in 2010, this building boasts amazing modern design and decor throughout.

The average pricing of suites in the building has been slightly skewed by recent sales of interior facing units. The lack of natural light and limited views keep the sale price of some of these units lagging behind the higher average price of north, east and some west facing units on higher floors.

In the past 120 days, the pricing in the building has been as follows;

Average Price Per Square Foot (PPSF) – $593

Low PPSF – $573

High PPSF – $607

These are stark differences from some of the values we’ve seen trade in this building in the past 6 months. West and North facing suites (the more desirable exposures in the building) that have seen prices range from $620 – $675 per square foot and higher.

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