Luxurious Symphony Tower boasts record breaking price for condo in Edmonton

Posted by Fine Edmonton Homes on Friday, June 5th, 2015 at 12:38pm.

Edmonton’s newest addition to the skyline in the community of Downtown Edmonton is the ambitious 27 storey, 143 suite luxury building featuring townhouses, condos and penthouse suites.

With record-breaking unit sales over $2.6 million, the new building is already making itself known well before completion. In fact, over 55% of the 138 available units have been sold, including 3 suites that went for more than $2 million each, and approximately 6 that sold for $1 million or more.

The project’s developer, Allen Wasnea told the Edmonton Journal that “The location is the highlight.” Wasnea went on to say that “we are facing what I consider to be the finest landscape in the province. A lot of people are able and happy to pay for the view. God is not making river valley lots anymore.”

The building will be located at the corner of 97th Avenue and 106th Street, and is ideally situated against the beautiful North Saskatchewan River. It is only steps away from some of the largest urban trail systems in North America, Telus Field, the High Level Bridge, and not to mention plenty of shopping and night life.

According to Wasnea, there are some “impressive buyers” that are among the future residents of Symphony Tower. Among the anticipated residents of this architectural wonder are current and former government officials who will not only experience the grand views, but also the convenience of having a direct walkway to the legislature grounds.

The price of any remaining units will be on the rise, and according to Wasnea, “selling them will be easy.” As of now, the condo is considered to be the most expensive in the area. The original record breaking price would have been a 4,000 square foot penthouse, but Wasnea and his wife have claimed that one for themselves. Who could blame them?

Buyers who wish to purchase a unit are encouraged to do so sooner rather than later. Interested parties that don’t have the ability to purchase a large suite have the opportunity to buy as low as $266,000, which will get you a 611 square foot Beethoven suite. Other units in the building range from over $500,000 to $800,000 with a $45,000 price tag for any additional parking stall needed.

Leave a Comment