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Tag Archives: christie pits

7 houses that sold for $100,000 + over-asking in Toronto this year

The Globe and Mail

It’s been a roller-coaster year in real estate, opening on a residential battlefield that saw sellers clearly with the upper hand. In Toronto, bidding wars for mid-range homes in which as many as a dozen or more eager buyers trumped and re-trumped their offer prices were commonplace. Listing prices in many neighbourhoods were simply a starting point for homes that would eventually sell for hundreds of thousands over asking. But as fall winds blew and the federal government’s new rules tightened financing requirements, sales – and sale prices – dipped across the country. Vancouver, Canada’s second-largest residential real estate market, was hit hardest and sales tumbled by double-digit percentages. These are a few of the stand-out real-estate transactions we’ve covered this year.

Willowdale bungalow, Toronto
Asking price: $759,000
Selling price: $1,180,800
After Globe Real Estate reported that a run-down north Toronto home sold for a whopping $421,800 – or 56% – over asking, the story was picked up by media outlets across the country and the sale became the poster child for an overreaching market. The buyer, a university student originally from China with family money behind her, outbid 17 rivals. Even agent Michael Adelson was taken aback by the frenzied bidding. “We thought the market would take it to its logical level,” he said, “and the market took it to its illogical level.”

Comment: Everyone forgets – as it is mentioned below – that this house was way under priced. Sales were averaging $1 million for similar properties in the area, so the selling price is not that far off. It had a huge lot and would make the basis for a luxury infill, as most of the other older homes do. Everyone forgets to put this one in proper context.

39 Wells Hill Ave., Toronto
Asking price: $950,000
Selling price: $1,375,000
This Casa Loma home was deliberately priced under $1-million to attract offers and a quick sale. The strategy worked, with 15 rival bids delivered in 7 days and the winner coming in at $425,000 over asking.

686 Crawford St., Toronto
Asking price: $899,000
Selling price: $1,162,000
Multiple offers came in for this home just south of Christie Pits park, last renovated in 1983. After 60 private showings and a week on the market, the best offer came in at $263,000 over list. The skylit garage even came with a ping pong table.

80 Pearson Ave. , Toronto
Asking price: $699,000
Selling price: $926,000
When this semi-detached fixer upper sold for $223,000 over asking, agent Lyle Hamilton couldn’t hide his disbelief. “We were all totally shocked,” he said. The home is subdivided into a rabbit warren of five separate apartment units and will require a large outlay to renovate it back into a single family home. Pointing to the home’s best attributes, Mr. Hamilton offered that the modest home, “…has that versatility of use that played very strongly in its favour.”

16 Cornish Rd., Toronto
Asking price: $975,000
Selling price: $1,176,100
Location played the major role in the selling of this home as the buyers were set on owning a property in the exclusive Moore Park enclave west of Mount Pleasant Road. They bid $201,100 over asking to make their wish come true. “It’s a huge lot and a beautiful house,” said agent Cameron Weir.

25 Larkin Ave., Toronto
Asking price: $899,000
Selling price: $1,065,000
There were three offers for this 80-year-old house just a block north of the shops, cafes and restaurants of Bloor West. High-end renovations, a finished basement and some prized outdoor space drew a winning bid that was $166,000 over asking.

11 Linden St., Toronto
Asking price: $995,000
Selling price: $1,290,000
Just south of the massive St. James Town 1970s-era housing development, this 1890s home was set in an enclave of heritage homes that escaped the bulldozers. The charming semi-detached drew 25 private showings within a week of being listed and sold in a bidding war. “Of all the houses I sold this year, it went for the biggest premium,” said agent Michael O’Brien. “In all of my real estate career, I’ve never seen such a frenzy to get a house.”

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

Laurin & Natalie Jeffrey are Toronto Realtors with Century 21 Regal Realty.
They did not write these articles, they just reproduce them here for people
who are interested in Toronto real estate. They do not work for any builders.

—————————————————————————————————–


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  • Wallace-Emerson

    Wal­lace Emer­son is a neigh­bour­hood in Toronto, sit­u­ated north of Bloor Street between Duf­ferin Street to the east, the CPR rail­way lines to the north and the CPR rail­way lines to the west.

    As tran­si­tion neigh­bour­hoods go, this west end area is grow­ing very rapidly. This up and com­ing “artsy” dis­trict is just another exam­ple of Toronto’s gen­tri­fi­ca­tion find­ing its way west, to what was once known as a bor­ing strip of retail bar­gain stores and mod­est res­i­den­tial properties.

    Blo­ordale Vil­lage is the strip of retail and com­mer­cial run­ning along Bloor between Duf­ferin to Lans­downe. The neigh­bour­hood is know as Wallace-Emerson based on the two major res­i­den­tial streets which inter­sect in the mid­dle of the area. Wallace-Emerson is the area west of Duf­ferin, east of Lans­downe, north of Bloor and south of Dupont.

    Wallace Emerson Real Estate Map

    Wal­lace Emer­son Real Estate Map

    As gen­tri­fi­ca­tion con­tin­ues its bold march west, first-time buy­ers eager to find a home near the sub­way line have been snap­ping up homes in this up-and-coming area (which is actu­ally a col­lec­tion of smaller neigh­bour­hoods: Bloor­court, Dover­court, Blo­ordale, Wal­lace, Emer­son). New art gal­leries, bars, vin­tage stores and indie cof­fee shops have fol­lowed, spark­ing rumours that the Bloor strip between Lans­downe and Duf­ferin is the sec­ond com­ing of West Queen West.

    A lot of the res­i­dences in the north­west cor­ner of the area were orig­i­nally con­structed for work­ers employed in the fac­to­ries that once lined the rail­way. Devel­op­ment pro­posal signs dot for­merly indus­trial lands and old fac­to­ries are being reworked into con­dos. The west­ern bor­der is still a lit­tle dodgy (think empty store­fronts and room­ing houses) though house prices in the east have vaulted high enough to nearly close the gap between Bloor­court and neigh­bour­ing Seaton Vil­lage.

    Some streets are a com­bi­na­tion of recently ren­o­vated homes and places sorely need­ing some TLC. A large num­ber of parks (sprawl­ing Christie Pits cre­ates the nabe’s ver­dant east­ern bor­der) help ease the slightly claus­tro­pho­bic feel, but the nar­row streets also add vibrancy.

    The Argyle Lofts on Dovercourt Road

    The Argyle Lofts on Dover­court Road

    Many of the young pro­fes­sion­als are look­ing for an urban vibe and energy found in dense city hoods and the very thought of the “burbs” brings to mind “bor­ing and ster­ile”. They’re look­ing for a walk­a­ble area to live where the streets are lined with trees and local cafés and mar­kets are only a short dis­tance away.

    One such area that is on the cusp of change is Dovercourt-Wallace Emer­son Junc­tion. It started off in the late 1800’s as an indus­trial area close to the rail­ways and fac­to­ries, hous­ing poor immi­grants and later becom­ing pop­u­lar with Por­tuguese, Ital­ians, Span­ish, Asians and Ethiopians.

    Real Estate along Bloor between Lans­downe and Duf­ferin is mainly retail / com­mer­cial with res­i­den­tial apart­ments on sec­ond and third floors. North of Bloor con­sists mainly of sin­gle fam­ily dwellings. These homes were gen­er­ally chopped up to make multi fam­ily res­i­den­tial units as the neigh­bour­hood went through it’s period of decline. Now of course that mostly young cou­ples are mov­ing back into the neigh­bour­hood, many of the sinlge fam­ily homes are being con­verted back to sin­gle fam­ily with pos­si­bly inlaw / rental suites in the basement.

    Wallace-Emerson Real Estate

    Wallace-Emerson Real Estate

    The treed res­i­den­tial streets have a close fam­ily and com­mu­nity feel with a blend of the orig­i­nal multi-cultural fam­i­lies and the new hip­sters that are mov­ing in. The hous­ing stock is a com­bi­na­tion of older detached and semis that are tak­ing on a new look and feel with ren­o­va­tions and remod­el­ing as new own­ers move into the hood. Newer town­houses and con­verted lofts are an option for buy­ers that are adverse to updat­ing or renovating.

    The Dovercourt-Wallace Emer­son Junc­tion area is unique in hav­ing a num­ber of indus­trial and her­itage build­ings con­verted to condo Lofts. In keep­ing with this up and com­ing artsy hip neigh­bour­hood, these lofts offer an edgy and inter­est­ing space for the urban­ites that won’t set­tle for bor­ing. The Chelsea Lofts; Foundry Lofts; Iron Work Lofts; Wal­lace Sta­tion Lofts; Bartlett Lofts and Mitchell Lofts are all found in this hood.

    The area has seen a resur­gence of inter­est from artists and young first time buy­ers due to affford­abil­ity com­pared with prices in High Park to the west and Dover­court Park to the East.  Blo­ordale vil­lage is now the home of Mer­cer Union Gallery, a cen­tre for con­tem­pory art, Toronto Free Gallery and the Funk­tion Gallery.

    Wallace-Emerson Community Centre

    Wallace-Emerson Com­mu­nity Centre

    Like many other Toronto neigh­bour­hoods, the local res­i­dents and busi­nesses par­tic­i­pate in a yearly street fes­ti­val called “Big on Bloor Street” fea­tur­ing art, music and inter­na­tional food.

    Dovercourt-Wallace Emer­son Junc­tion in the west end of Toronto is only min­utes away from the down­town core. The local sub­way sta­tions on the Bloor-Danforth line are Lans­downe, Oss­ing­ton and Duf­ferin, and leav­ing your car at home couldn’t be eas­ier. “Blo­ordale Vil­lage”, the coolest of this area, is get­ting lots of press includ­ing from “Toronto Life” and “Now” pub­li­ca­tions and is becom­ing known as a trendy and hip area with the local urban­ites strolling to the retro Blo­ordale Pantry for brunch and Starv­ing Artist for incred­i­ble waffles.

    Walk­ing along Bloor Street are more choices for drop­ping in for din­ner or grab­bing a drink from Holy Oak Café, 3 Speed or Ortolan which is the lat­est addi­tion to the area. Res­i­dents of all ages are mak­ing Lans­downe Cone one of their favourite stops for locally-made ice-cream. The vibrancy of the City along with the eclec­tic choices of eater­ies and edgy gal­leries make this up-and-coming neigh­bour­hood that offers great value, an ideal option to con­sider when look­ing for your next urban hood to call home!

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    Con­tact the Jef­frey Team for more infor­ma­tion – 416−388−1960

    Lau­rin & Natalie Jef­frey are Toronto Real­tors with Cen­tury 21 Regal Realty.
    They did not write these arti­cles, they just repro­duce them here for peo­ple
    who are inter­ested in Toronto real estate. They do not work for any builders.

    —————————————————————————————————–


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  • Bickford Park

    Bick­ford Park is a great neigh­bour­hood if you have been priced out of the best parts of the Annex or Seaton Vil­lage. But com­pared with other, more gritty loca­tions, some big prices have already arrived.

    Located just south of Bloor Street near Christie Pits, Bick­ford Park itself is a small green space hid­den behind the Bob Abate Com­mu­nity Cen­tre. The sur­round­ing neigh­bour­hood stretches to Col­lege at the south, Oss­ing­ton to the west and Bathurst in the east.

    Bick­ford Park’s Vic­to­rian homes were mainly built between 1880 and 1930. There is a good mix of two and three storey houses as well as semi-detached and detached homes. Bick­ford Park’s streetscape fea­tures pretty front gar­dens with mature trees. The flow of traf­fic in front of the houses is gen­er­ally light as the streets are one way and with garages are off laneways at the rear of the properties.

    Bickford Park Real Estate Map

    Bick­ford Park Real Estate Map

    On the side streets that spread out from the park, house hunters can find sur­pris­ingly good value for a neigh­bour­hood that is so vibrant and close to down­town. You can hardly get around past all of the SUV-size strollers in the Bick­ford Park play­ground, but the off-leash dog area is one of the best around.

    The area is well-connected with the sub­way – but with Har­bord, Oss­ing­ton and Col­lege along your neigh­bour­hood bor­ders, you’ll prob­a­bly walk to your favourite haunts anyway.

    Some may feel this area is com­pro­mise – it lacks the big houses of the Annex, or the breath­ing space of High Park. Park­ing is scarce and when it does exist, it’s often in a back lane. Lots are tight and on a swel­ter­ing sum­mer night, the urban den­sity can be oppres­sive. If a detached house with a dri­ve­way is your ideal, you’ll have trou­ble find­ing it here – at least for less than $1-million.

    Bickford Park Real Estate

    Bick­ford Park Real Estate

    Bick­ford Park is named after Colonel E. Oscar Bick­ford, a for­mer Toronto busi­ness­man and politi­cian. Bick­ford, a wealthy landowner, owned what is now the Bick­ford Ravine Park. His widow Emily A. Bick­ford sold this prop­erty to the City of Toronto in 1908, for $44,250.

    Almost ninety years after it’s incep­tion, the Bick­ford Park play­ground still rep­re­sents a field of dreams for this quiet west end neigh­bour­hood. The Bick­ford Park neigh­bour­hood revolves around the Bob Abate Cen­tre and the Bick­ford Park play­ground. These local land­marks are the social and recre­ational hubs of this family-oriented community.

    In 1913, the Eliz­a­bethan Recre­ation Cen­tre was built at the north end of Bick­ford Park. This play­ground was named after the “Lizzies”, a col­lec­tion of local sports teams that achieved nation­wide fame at all lev­els of ama­teur sport, par­tic­u­larly in base­ball and bas­ket­ball. The Centre’s name was changed in 1990 to The Bob Abate Com­mu­nity Recre­ation Cen­tre in hon­our of the “Lizzies” pop­u­lar long-time coach.

    —————————————————————————————————–
    Con­tact the Jef­frey Team for more infor­ma­tion – 416−388−1960

    Lau­rin & Natalie Jef­frey are Toronto Real­tors with Cen­tury 21 Regal Realty.
    They did not write these arti­cles, they just repro­duce them here for peo­ple
    who are inter­ested in Toronto real estate. They do not work for any builders.

    —————————————————————————————————–


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