All I want for Christmas is an indoor car wash

December 7th, 2007

By Lori Mcleod - Globe and Mail

Luxury homeowners are making a list but it’s us everyday Joes who’ll be checking it twice when we see what the wealthy are wishing for to kit out their homes this Christmas.

Forget pedestrian desires like walk-in closets and multiple-car garages; indoor car washes and walk-in refrigerators are the new rage, according to a top 10 list compiled by a leading real estate brokerage.

Accessorizing the property with the hottest must-haves is a natural extension of the luxury lifestyle and a way to stand out from the crowd.

Tops of the list for most sought-after luxury home accessories are an elevator car lift and indoor car wash to pamper the BMW or Mercedes-Benz. Total price tag? $2,500 to $6,500 for the lift and $30,000 for the car wash. For avid car collectors in the city the elevator lift is a way to expand garage capacity on a property of limited size.

Number two on the list is a walk-in refrigerator, while multiple ovens, sinks and dishwashers are also becoming de rigueur for even the novice cook. Price tag? $7,000 to $20,000 depending on the finishing.

No luxury home is complete without a spa, gym and a yoga and Pilates studio designed as a “complete health and wellness” facility. It’ll set you back at least $50,000, depending on the finishes and equipment.

Wine cellars and tasting rooms are spreading from the tony neighbourhoods of Rosedale, Westmount and Forest Hill into the home of the everyday connoisseur. The price ranges from $60,000 to $150,000 at the upper end.

On the fifth day of wishing and not exhausted yet, million-dollar homeowners are looking for concierge services to take care of those nasty chores like making dinner reservations, picking up dry cleaning and purchasing opera tickets. The cost of your live-out butler will range from $50 to $75 per hour, with some companies requesting a minimum buy of 50 hours per client.

For $50,000-plus, wealthy homeowners can furnish number six on the list: a media room that rivals the local movie theatre with a huge screen, surround-sound and plush seating to accommodate large groups.

Number seven is a relative steal, a room dedicated to hobbies such as sewing or gift wrapping, at a price of $5,000 or more depending on finishing.

Wireless and remotely controlled homes offer luxury residences entertainment options, light setting and security that can be accessed with the click of a button. Property owners can also arrange to remotely control their vacation properties and second homes and remotely monitor all of their residences. The cost? $25,000-plus.

It’s not just the car that needs a lift. With homes growing in size, an elevator is “becoming an accessory of convenience as well as necessity,” according to the luxury wish list. Equipment and installation will set you back $30,000, the cost of construction is extra.

After the weekend’s dumping of snow, who could blame a wealthy homeowner for this final request, a heated driveway, walkway and garage that instantly melt away those troublesome white flakes? The equipment for a 600 square foot driveway is $5,000, installation is extra, and the absence of pain in your arms and lower back - pure luxury.

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Contact the Jeffrey Team for more information - 416-388-1960

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A badge of honour for the house-proud

December 7th, 2007

By Kathy Flaxman - Globe and Mail

On Sumach Street in the picturesque Cabbagetown enclave of Don Vale, the home of Rollo Myers and Linda Schultz is a feast for the eyes, with its lavish gingerbread trim and carefully preserved brickwork.

The house is among Toronto’s enviable stock of heritage properties, some of them officially designated as such and others simply listed as architecturally or historically significant. It is estimated that there are more than 8,000 structures in the two categories, including private homes, commercial buildings and landmarks such as Old City Hall.

Searching out these properties and going through the heritage-designation process is highly rewarding for some. Mr. Myers, for instance, has done it several times, and his experiences eventually prompted him to take a permanent job in the building preservation field. But for anyone who gains heritage status for their home, there are serious restrictions on what you can do to them. And a designation or listing may reduce the pool of potential buyers when it comes time to sell.

If a property is designated, it has a legal status that is part of the title. Simply listing a house does not carry quite the same legal implications. In both cases, however, should the owner wish to make alterations, the building permit application will be flagged and then reviewed by the city’s preservation staff. Renovations or changes must be appropriate to a property’s character, and demolitions are almost never allowed.

Catherine Nasmith, president of the Architectural Conservancy of Ontario, is a lawyer who specializes in heritage properties. She takes on a number of unpaid and time-consuming roles to ensure that the city’s heritage buildings do not wind up as a pile of rubble in a landfill.

“A city can’t be treated as disposable,” Ms. Nasmith stresses. “There seems to be a notion that we have the right to demolish. But buildings should not be treated as garbage. People should keep in mind that a 20-foot [wide] building two or three stories high in a landfill is the equivalent of three million pop cans!”

The process of getting a house designated is initiated by the owner, or perhaps a member of the historical society or the city’s preservation staff. Grant money is often available for renovations once a home is given that status, a strong motivating factor for many owners to start the designation process. Although there is no money in Toronto’s coffers for these grants at the moment, new money will be available in 2008. (Houses that are only listed as architecturally significant are not eligible for grants.)

Mr. Myers’s experiences as an owner of historically important properties seem to indicate the process can be addictive. When he bought a house on Amelia Street in the 1960s, had it designated as a heritage property and then renovated it, he became fascinated with its architecture and design details. Other homes followed, culminating in he and his wife’s current showpiece.

His interest led him to take a job with the Architectural Conservancy of Ontario, where he is currently manager of its central office.

“I didn’t purposely set out to restore heritage homes,” he says. “I just had an amazing old house to work on. I then bought another home — a bigger, massive project. I saw what others were doing and I got advice on historical buildings.

“Old buildings can look dirty and unappealing, but once you begin to take away the grime and restore some of the beautiful features, the value of the work becomes clear. I did a lot of the work on my properties myself and I didn’t restore things to museum-like state, but I enjoyed delighting myself and my neighbours. I just wanted to do a nice job.”

While many agree that a heritage designation or listing make a property more valuable, some say these homes may be harder to sell.

“Being historically designated adds value to a property,” Marlene Auspitz of Royal LePage Real Estate Services Ltd. says.

“People, at least in downtown Toronto where my partner Shantoo Patel and I work, are proud of a heritage designation,” Ms. Auspitz says. “It contributes to the betterment of a neighbourhood as well, especially if there are a number of surrounding houses with a historical label. More care is taken in restorations, and owners do not fear that someone will renovate or build a monstrosity.”

Ms. Nasmith concurs: “Heritage designation increases property values, stabilizes communities and ensures people make only positive changes.”

Not everyone totally agrees. Karen Davis, an agent with Sutton Group-Bayview Realty Inc., says: “Historical designation can detract from the value of a property as there are usually many restrictions on what you can do to renovate the property. You must be willing to get preapproval from the governing body for your home-improvement plans. Usually the best buyer for these homes is someone who wants to keep the original character intact. It does limit the number of appropriate buyers.”

But for people such as Mr. Myers, protecting heritage properties is a labour of love, and in his case, a calling. These days, he is not only championing Cabbagetown homes, but Old Fort York and Toronto’s Old Town (home of the first parliament buildings), to name just two of his causes.

And he’s passed this love on to his daughter, Amelia, who with her husband, Matt Cheval, is renovating an 1894 cottage blocks away from the Cathedral Church of St. James on Morse Street.

“This property was once a boys’ shelter,” Mr. Cheval notes. “Because I have a design/build business, we can take on a project like this.

“Both Amelia and I grew up in places that were old, needed fixing up and had a character you won’t find in any suburban new home.”Mr. Patel adds: “It is my feeling that heritage- or historical-designated properties act like a lamp post shedding light to many, and reminding us of what the pioneers and the people who came after the pioneers had gone through, whether hardships or opulence. These designations create a good base of appreciation and pride.”

Heritage websites

The internet is an excellent place to investigate what’s involved in buying, owning or ogling a heritage property. Some good websites include:

www.toronto.ca/heritage-preservation (city of Toronto heritage preservation services)

www.culture.gov.on.ca/ (Ontario Ministry of Culture)

www.cabbagetownpa.ca (Cabbagetown Preservation Association)

www.arconserv.ca/preservation_works (The Architectural Conservancy of Ontario)

www.builtheritagenews.ca (Built Heritage News, published by Catherine Nasmith Architect)

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Contact the Jeffrey Team for more information - 416-388-1960

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Toronto Real Estate Has Best November Ever

December 6th, 2007

Record-setting month means best year ever for Toronto real estate

December 5, 2007 — A record-breaking November saw 7,313 sales, driving year-to-date totals to 88,695 sales, Toronto Real Estate Board President Maureen O’Neill announced today.

“We have already exceeded the 84,145 sales recorded during 2005, which was our previous record,” said the President.

“By the end of December we will have crossed the 90,000 sales mark for the very first time. As 2007 winds down, the Toronto real estate market is looking as healthy as it has ever been.”

Prices were almost unchanged in November, with the average at $393,747, down marginally from the $394,646 recorded in the previous month. It was up 11 per cent over the $355,727 recorded during November 2006. Meanwhile, days-on-market came in at 32, and the list-to-sale price ratio was 98 per cent.

Breaking down the total, 2,725 sales were reported in the Toronto Real Estate Board’s 28 West districts and averaged $362,272; 1,529 sales were reported in the 14 Central districts and averaged $519,841; 1,354 sales were reported in the 23 North districts and averaged $417,967; and 1,705 sales were reported in the Toronto Real Estate Board’s 21 East districts and averaged $311,738.

Neighbourhood Corner - Orangeville

In the first 11 months of 2007, the town of Orangeville has experienced 679 sales, up 21 per cent over the same time-frame in 2006. The average price is $282,313, up eight per cent over the $261,234 recorded to November of last year. Detached homes formed the bulk of sales in Orangeville (488), and averaged $314,648. This is up seven per cent over last year.

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Contact the Jeffrey Team for more information - 416-388-1960

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