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Sold Properties

Sold: 1048 Broadview #2108

SOLD

1048 BROADVIEW #2108

MINTO SKY

Price: $799,900

Bedrooms: 1+1

bathrooms: 2

Take in The Best Views From Broadview

What was originally a tight, two-bedroom layout, has been transformed into a sprawling space with stunning views. The recently renovated suite features a long list of improvements which include a combination of luxury vinyl and porcelain flooring throughout, refinished kitchen cabinetry, quartz countertops, a custom banquet with added storage, shelving and a tiled feature wall.

The den area doubles as the perfect “work from home” office space and can also be adapted as a nursery or guest room depending on one’s need. A custom cut, “live edge” desk has been installed in the space and blends perfectly with the accented wallpaper.

The main bedroom is large enough to comfortably fit a queen-sized bed, with plenty of space for side tables. The closets are well equipped with built-in organizers and offer ample storage. A four-piece ensuite bathroom completes the space and was recently upgraded to feature a glass enclosure for the shower, tiling throughout and a newly installed vanity.

For the entertainers out there – you’ve got to check out the incredible, open concept living and dining room. There’s over 360 sq.ft of space in between the rooms, connected by floor-to-ceiling windows that flood the unit with natural light. Views of the sun setting over the Don Valley and Brickworks make for the perfect backdrop after a long day… or step out onto your private 100+ sq.ft. balcony and take in the panoramic views!

The condo measures in at over 1000 sq.ft (1029 to be exact), and also includes one locker and one parking spot. Residents have access to a gym, party room and bbq area. There is a front desk concierge for accepting deliveries and greeting guests. Explore the various nature paths nearby, or venture down to the Danforth for a variety of dining options!

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Sold Properties

Sold: 210 Victoria St #2004

Sold

210 victoria st #2004

Pantages Tower

Price: $799,900

Bedrooms: 2

bathrooms: 2

Lights,
Camera,
Action!

Live in the centre of the city at 210 Victoria Street! This two-bedroom, two-bathroom suite measures nearly 920 sq.ft. and features sweeping views of the city from the east to the south.  The floor-to-ceiling windows from this corner unit offers tons of natural light and unobstructed views.  You’re literally front row to Massey Hall, steps to the Eaton Centre and neighbours with the Ed Mirvish Theatre and St. Mikes hospital.

You’ll love the recently upgraded hardwood floors, modern guest bathroom, open concept living room, and two spacious bedrooms. The galley-style kitchen offers ample prep room, stainless steel appliances and loads of storage.  

Guests are greeted by front desk security/concierge and have access to a wide range of amenities in the building. The purchase price includes one parking spot and one locker!

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Leased: 93 Billings Ave

leased

93 Billings Ave

Greenwood Park

Price: $3,000

Bedrooms: 3

bathrooms: 2

Spacious and
affordable

This spacious three bedroom home offers something for everyone! The open concept main floor, opens up to a large living and dining area. The kitchen, features a newly purchased gas stove and stainless steel fridge. Stay in an entertain, or head out to the back deck and BBQ with friends.

The lower level has two dens that can double as a work from home office and gym. An upgraded three-piece shower and laundry area round out the space.

Upstairs, you’ll find three spacious bedrooms, each with a closet. Large windows in the main bedroom allow for tons of natural light. The bathroom went through an overhaul and has been updated to feature heated floors, a new vanity, and extra storage.

At 93 Billings, you’re a short walk from Greenwood Park, transit, and shopping on both Queen East and The Danforth. Parking may be possible through street permit, all utilities will be separately billed to the tenant.

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Leased: 40 Fern Ave

LEased

40 Fern Ave

Roncesvalles

Price: $5,500/month

Bedrooms: 3+1

bathrooms: 3

A Rarity In Roncy!

This fully renovated semi-detached homes measures in at over 1800 sq.ft and features a host of unique features. Separated into two unique spaces – the main and upper level features 3 spacious bedrooms, 2 bathrooms, heated floors, wide plank hardwood, a fireplace and a chef’s dream kitchen.  Highlights of the kitchen include a gas stove, large quartz island and ample storage.  There’s also a walk-out to the private and fully fenced backyard. A large two-car garage rounds out the home and is accessible through the laneway.

Below the main living area is a separate, self-contained, one-bedroom apartment.  The unit has a four-piece bathroom, a full kitchen with stainless steel appliances, quartz countertops and its own laundry.

The home is available as a whole for $5,500 a month, or for $4,000 for the main and upper levels and $1700 for the basement. Hydro, Cable and Internet extra.

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Monthly Market Updates

Toronto Real Estate Market Report – November 2020

 

According to the calendar… this year is almost over. According to November’s market numbers, the craziness continues!

The Toronto Real Estate Market saw a drop in new listings, active listings and overall sales. It also took about 4 days longer (28 versus 24 days) for homes to sell in the city. But between a mid-month lockdown and the seasonality of the year – this didn’t really come as a big surprise. 

Average Price

The average price of a home in the city increased by 13% when compared to the same time last year, bringing us to an average price of $955,615. And for those keeping score… that’s a $116,000 increase since January of this year (not bad during a pandemic).

 

Every segment of the market saw a drop in sales for November. The detached market had the biggest decline with a 24% drop month over month. However on an annual basis, both detached and semi-detached saw great gains with an 18% and 36% increase for each. Price increases were also the strongest for these two segments up over 8.5% for each. 

Condo Activity

2020 was definitely NOT the year of the condo!  In November, sales were down by more than 4% month over month – and nearly unchanged year over year. Prices followed the same trend – down by 4% month over month and nearly 3% year over year (nearly $20,000 less than the same time last year).

… but it is in the condo market that we see the biggest opportunity. With prices down and supply up, buyers, especially in the downtown core, these next few months offer one of the greatest times to get into the market. A quick MLS search for 1 bedroom condos south of Bloor brought up nearly 150 listings – this time last year, that was practically unheard of!

Three Trends To Watch

  1. We’re optimistically hoping that vaccines and the current lockdown help bring down COVID-19 case numbers in the months ahead and a return to a new normal.
  2. New by-laws for AirBnB operators will be enforced in early 2021 – will this impact supplies in the condo market further
  3. Will those that left the city due to COVID-19 make it through a northern winter? And will that impact demand in 2021?

 

DETACHED HOUSES

993 sales took place
295 fewer homes than the previous month (24% decrease in sales)
145 more homes than the previous year (18% increase in sales)
The average price of a detached home was $1,477,226
An increase of $6,369 compared to the previous month (0.4% increase in price)
An increase of $116,980 compared to last year (8.6% increase in price)

 

SEMI-DETACHED HOUSES

336 sales took place

80 fewer homes than the previous month (19% decrease in sales)

89 more than the last year (36% increase in sales)

The average price was $1,160,911

An increase of $6,824 compared to the previous month (.59% increase in price)

An increase of $93,884 compared to last year (8.8% increase in price)

 

TOWNHOUSES

362 sales took place

47 fewer homes than the previous month (11.5% decrease in sales)

68 more homes than the previous year (23.13% increase in sales)

The average price was $819,752

decrease of $8,338 compared to the previous month (1% decrease in price)

An increase of $56,454 compared to the previous year (7.4% increase in price)

 

CONDOS

1,375 sales took place

63 fewer condos than the previous month 4.4% decrease in sales)

more condos than the previous year (.5% increase in sales)

The average price was $640,208

decrease of $27,953 compared to the previous month (4.2% decrease in price)

decrease of $19,647 compared to the previous year (3% decrease in price)

 

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LEASED: 350 Wellington #215

Leased

350 Wellington St #215

SoHo Condos

Price: $1,800/month

Bedrooms: 1

bathrooms: 1

All the perks of hotel living

Enjoy all the perks of hotel living at the SoHo Condo! Centrally located at 350 Wellington, this one bedroom unit measures in at over 600 sq.ft. 

The condo features an open concept living and dining room, large kitchen area and a spacious bedroom with ample space. Its also one of the few remaining condos in the city that has Heat, Ac, Water and Hydro included in the monthly rent.

Enjoy all the hotel amenities including Full Size Gym, Steam Room, Sauna, Salt Water Pool, And Concierge.

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Leased: 120 Parliament St #803

leased

120 Parliament St 803

East United condos

Price: $1,850/month

Bedrooms: 1 + Den

bathrooms: 1

Be the first to live at East United

​Be the first to live in the newly completed, East United Condos by the SigNature Communities!

This spacious 1 bedroom plus den unit features 9-foot ceilings, an open concept living and dining room (perfect for entertaining), and a private balcony with stunning city views to the North.

The real value is in the separate den – you won’t find any “nooks in the wall” here. The separate room can be used as a nursery, guest bedroom or work from home office!

The bedroom can comfortably fit a queen-size bed, and comes with ample closet space. The landlord is in the process of having window coverings installed throughout.

The building amenities include a Fitness Centre, Rooftop Terrace, Yoga Studio, Party Room and front desk concierge.

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Sold: 80 Virginia Ave

SOLD

80 Virginia Ave.

detached home

Price: $888,000

Bedrooms: 2+1

bathrooms: 3

Envision the possibilities

Envision the home of your dreams at 80 Virginia – complete with front pad parking and a fully fenced in backyard! 

The detached two storey home is ripe for redevelopment amongst its custom-built houses along the street. It currently features two large bedrooms, three bathrooms and two kitchens and sits on a 22 x 105 ft lot. As it nears the end of its useable life, 80 Virginia makes for the perfect opportunity to build a home that suits your needs. Schools, Parks, 

Shopping, restaurants, transit and even Michael Garrison Hospital, are all just a short commute away!

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LEASED: 1030 King St West #233

leasED

1030 King St. West #233

DNA 3

Price: $2,100/month

Bedrooms: 1

bathrooms: 1

A rarely available corner unit at DNA 3!

For the “down-to-earth” dweller who distains heights – this spacious corner unit is perfect for you! Located at DNA 3, this second-floor unit offers and efficiently laid out floorplan complete with kitchen island, built-in appliances and an open concept living/dining space.   The bedroom has ample closet space and can comfortably fit a queen-sized bed. 

Wrap around windows provide ample natural light and give the suite a very airy vibe. Unwind after a long day on your private balcony or meet-up with friends on the rooftop terrace.

Conveniently located in King West, the building features a ton of amenities and services including front desk concierge/security, well-equipped gym, entertaining room, and a roof-top deck complete with BBQs and lounges. Grab all your groceries and more from the various businesses at the base of the building too!

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Monthly Market Updates

Toronto Real Estate Market Report – May 2020

May traditionally marks the busiest month for real estate in Toronto… this year – not so much. Self-isolation,  social distancing, and the overall uncertainty of the future reduced much of the activity we typically see in May. However, activity did start to pick up towards the end of the month!

April marked the first month of full lockdown, and really set the benchmark for comparison purposes. It’s important to distinguish market activity with pre and post COVID-19 numbers to get an accurate pulse of where the market is heading.

In May – sales, listings, active listings and prices posted much higher numbers than in April. Sales and new listings doubled (over 50%), month over month, and the average price increased to $863,000 (an increase of more than 5%). Speaking from my own experience, I also witnessed a huge uptick in emails, calls and showings on my listings. 

Because context is important, now more than ever, it has to be said that May typically records the highest numbers of the year… but not so in 2020. 

On a year-over-year (YOY) basis: sales were down by over 75% and new listings by 54%. We also saw a 68% increase in days properties sat on the market – a clear indication of a much cooler May. Prices did see a small gain of nearly 3% compared to May 2019, but still much less than the double-digit appreciation we saw in Q1 (January, February and March) of this year!

Detatched Houses

  • 432 sales took place during the month of May
  • 119 more homes than the previous month (38% increase in sales)
  • 748 fewer homes than the previous year (63% decline in sales)
  • The average price of a detached home was $1,422,273
  • Up $172,543 compared to the previous month (13% increase in price)
  • Up $37,280 compared to the previous year (2.7% increase in price)

Semi Detached Houses

  • 164 sales took place during the month of May
  • 38 more homes than the previous month (30% increase in sales)
  • 244 fewer homes than the previous year (59% decline in sales)
  • The average price of a Semi-Detached home was $1,143,322
  • Up $46,000 compared to the previous month (4% increase in price)
  • Up $92,790 compared to the previous year (8% increase)

Town Houses

  • 164 sales took place during the month of May
  • 56 more homes than the previous month (51% increase in sales)
  • 202 fewer homes than the previous year (55% decline in sales)
  • The average price of a Town House was $794,626
  • Up $9,727 compared to the previous month (1% increase in price)
  • Down $1,463 compared to the previous year (0.18% decrease in price)

Condos

  • 727 sales took place during the month of May
  • 245 more sales than the previous month (50% increase in sales)
  • 1,102 fewer condos than the previous year (58% decline in sales)
  • The average price of a Condo was $674,028
  • Up $61,728 compared to the previous month (10% increase in price)
  • Up $31,137 compared to the previous year (4% increase in price)

TRENDS TO WATCH

  1. In April, the Government put a ban on short-term rental services (think AirBnB). As a result, we saw a lot more rental units come to market in the condo sector.  With an oversupply of available units, we saw rent prices come down significantly. The government has lifted its short-term restriction, so we’ll see the impact this may have on the supply of condo rentals.
  2. Canada Mortgage and Housing Corporation (CMHC) is in the process of announcing stricter lending criteria for anyone purchasing with less than 20% down. This could create a mini push for buyers into the market before the new rules take effect.
  3. Bidding wars are back. I’ve seen several houses sell way over asking (and market value) in the last few weeks. Much of this can probably be attributed to the pent up demand from months prior – curious to see if this continues into the traditionally quieter summer months!