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Tag Archives: heritage preservation

Wacky real estate stories that hit home in 2012

Susan Pigg – Toronto Star

It’s the stuff of water-cooler conversations, dinner party drinks and rants over the backyard fence.

Few things have the power to entertain – and enrage – like real estate.

If 2011 was the peak of Toronto’s condo boom, 2012 was the start of the slowdown, with the GTA housing market now heading into an uncertain 2013.

Comment: Yes, 2012 slowed down to a more normal pace. Once that is higher than the 5-year average before the crazy records of 2011. 2013 will see highs, with prices and volume above recent 5- and 10-year trends. So slow…

But all that angst about the future doesn’t take away from some wacky real estate wonders of 2012.

GARAGE OF GOLD

It was far more than just a decrepit Roncesvalles garage with its own address and outrageous $99,999 price tag. The collapsing structure became symbolic of a housing market that had become almost too hot to touch.

Comment: Except it did not sell. Making it only symbolic of one man’s greed, trying to get a price double or triple what the property is worth. Mind you, if the City was not so bass-ackward when it comes to laneway housing, this garage might actually be worth something.

Realtor Nick Kourakos says he had “several offers” and queries from three architects after listing the 16-by-12 foot laneway property on the MLS last spring. One person offered $85,000, says Kourakos, for the graffiti-covered garage which comes with its own unusual address – 81 Rear Lynd Ave.

All the offers were conditional on city approval to build on the stand-alone property, says Kourakos, which wouldn’t be standing at all if it wasn’t for the rolled-up rug, scrap lumber and aluminum fishing boat that have kept the fragile walls upright through storms and Hurricane Sandy.

Kourakos was looking for clean, not conditional, offers on the property, which he bought for $12,000 as an investment four years ago. And he’s paid the price, acknowledging that the big-money days are gone, at least for a while.

Comment: Who is going to buy it without knowing they can build there? That is why the offers are conditional. And seeing as no one has come in clean, anyone who has done thei homework has found that they cannot do squat with the land.

“I’m still looking for that one person who wants an address in this area,” says Kourakos, who’s now willing to take $79,000.

BRIDLE PATH TENT SALE

It turned out to be a circus, all right – more than 300 people huddled under big white tents on a cold rainy day in October as Ritchie’s auctioned off South Sea pearls, Hermes purses and, supposedly, a Park Lane Circle luxury home.

Three bids were registered on the five-bedroom teardown or, more precisely, on the one-hectare private enclave on which it sits in one of Toronto’s toniest neighbourhoods, according to Ritchies.

But two months later, the house is still going, going, but far from gone.

The two final bidders, one offering $5.3 million and the other $5.4 million, have walked away after a nearby property went for under $5 million.

The biggest winner, it turns out, was Ritchies, which has been recruited by about a dozen other homeowners keen to avoid weeks of open houses and obsessive cleaning for – with any luck – a one-day sale.

“Most of the homes are not going to be of this value, but they’ll be simpler because we won’t be taking bids from China and other international buyers,” said Ritchies managing director Kashif Khan.

“But we’re not doing them until closer to spring. I think I’ve still got frostbite from the last one.”

CABBAGETOWN LANDMARK

The property at 2 St. James Court is a far cry from a historic property. It’s really a concrete bunker that has become such a Cabbagetown curiosity that it’s now a stop on Cabbagetown walking tours, says a neighbour.

Last August 7, city officials finally pulled the building permit on the house that nobody wants: It has no front door, has enraged neighbours and is a real reach from the 1860s livery-turned-historic-house that once stood on the site and that owner Norm Rogers was obliged, under the city’s heritage preservation laws, to replicate.

Rogers has been trying for almost a decade to build a bigger home on the 28-foot wide by 61-foot deep lot, 9.5 feet of which is a right of way which, until the city stepped in last summer, had been blocked by construction material.

Comment: All I can say is he is a bad bad man for tearing down something so lovely and leaving such a steaming pile of… concrete in its place. He should be forced to rebuild, or pay for the city to do it. One by one, this is how our city heritage is destroyed.

The building, while unsightly, has at least been cleaned up. Rogers is in Florida until January and considering where to go from here.

“I’m never going to quit. You can use that as your headline,” said Rogers in a phone interview. “I’m just going to have to apply for a new permit.”

THE ADVENTURE CONTINUES

Artist and house hunter Samantha Turnbull had spent a year looking for something different. She found it on Toronto’s east-end Coxwell Ave. and was so determined to have a house unlike anyone else’s, she offered more than $125,000 over the $349,000 asking price for the crazy 800-square-foot cube house on stilts.

The sale freed up a little cash and creative energy for its designer, Toronto alternative architect Rohan Walters, who’s done it again. This time he’s built a 2-1/2-storey concrete block home at College St. and Lansdowne Ave. on what used to be a 37-by-10-foot driveway.

The recently completed project is yet more proof from Walters that housing can find its place in unique spaces. He’s made it his life’s mission to create comfortable, environmentally sound homes where no one else dares tread.

This newest house – which he’s renting out as he once did the Coxwell cube house – truly hits home for Walters. It’s attached to the studio house he built for himself and his family back in 1996 on a triangular piece of derelict land that was once home to a Mediacom billboard.

Comment: Bravo! Can we clone Mr. Walters a couple hundred times?

—————————————————————————————————–
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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  • A bolder and more balanced Toronto

    Jayme Poisson – Toronto Star

    A new planning research report that recommends, among other things, pedestrian-only streets, is painting a vision for the city that could help its future growth.

    Commissioned by Etobicoke-Lakeshore Councillor Peter Milczyn, an architect by profession, the Balanced and Bolder report came in for discussion in a city committee Thursday and will influence this year’s review of Toronto’s Official Plan.

    A key issue in the report, which takes stock of what other countries are doing, is finding a better balance of mixed-use development, which combines residential and commercial space. Some good Toronto examples include the new North Toronto Collegiate high school, which sits below a 24-storey condo tower, and the Shangri-La hotel, which when finished will also house condos.

    Toronto is doing “not nearly enough” of such development, Milczyn said. “We’re doing phenomenally well in attracting residential development, but extremely poorly in attracting new office and commercial development.”

    London, England, for example, requires 25% commercial use in certain projects.

    Another recommendation is to put in place planning rules designed to promote more intense development along new transit lines, such as the upcoming Eglinton-Scarborough Crosstown LRT line. Hong Kong, Madrid and Vancouver offer some models.

    The report also suggests improved incentives for heritage preservation and turning “dead” urban alleyways into welcoming, beautiful corridors.

    Councillor Adam Vaughan (Trinity-Spadina) said many of the report’s recommendations have been happening in his ward for several years, but on an ad hoc basis. He’s hopeful they’ll be enshrined in the Official Plan, which contains land use policies that govern how the city grows.

    “We’ve become very good at adding buildings, (but) we have surrendered our ability to build better neighbourhoods,” he said.

    The report’s survey of urban planning visions around the world includes Copenhagen, which aspires to be the “eco-metropolis of the world,” and Auckland, the “most livable city.” Milczyn said Toronto’s vision could be “the best big city to raise a family,” with great schools, health care, parklands and work space.

    The “million dollar question,” according to Andre Sorensen, an associate professor at the University of Toronto who specializes in geography and urban planning, is: “Do we have the capacity to actually be proactive about planning?”

    He said the city’s planning department has been gutted by retirements and lack of new hiring over the last few years, resulting in a serious shortage of planning resources.

    Milczyn said the Official Plan guides development and growth in the city, which is initiated and financed by the private sector.

    As to the growth that will occur, he said, “we can put in place some rules to direct it more properly.”

    STEPS TO A MORE VIBRANT CITY

    • More mixed-use development, such as offices and condos together

    • More multi-use intense development along transit lines

    • Pedestrian -only streets

    • Reclaiming “underutilized” spaces such as alleys and making them beautiful

    • Well-designed lighting to make nighttime spaces inviting and creative

    • Incentives for preserving heritage buildings and corridors

    • Encourage “iconic” and “identifiable” buildings at certain places in the city, such as transit stops

    • Create a competitive design process for major projects

    ———————————————————————————————————————
    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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  • Carlaw’s raw condo power is gritty and industrial

    National Post – Alex New­man (www​.integri​ty​commu​ni​ca​tions​.ca)

    The times they are a changin’ along Car­law Avenue. Orig­i­nally a working-class neigh­bour­hood with a score of indus­trial sites — Wrigley’s, Colgate’s, Wood’s and a host of gar­ment fac­to­ries — it was said you could find a job just by walk­ing up the street.

    But with the man­u­fac­tur­ing sector’s demise, the ware­houses fell empty, and the nar­row row­houses on adja­cent streets started fill­ing with a “lot of multi-family arrange­ments,” accord­ing to Paul Young, who co-authored a 2000 study of the area.

    In the late 1990s, how­ever, sev­eral things came together at once. Jack Lay­ton was coun­cil­lor of the Don River ward, Jane Jacobs was vocal about strength­en­ing neigh­bour­hoods, and the city had started receiv­ing a trickle of appli­ca­tions to turn build­ings into legit­i­mate live/work spaces.

    Res­ur­rect­ing this neigh­bour­hood, though, meant find­ing a com­mon focus among the mix of res­i­dents — high tech and media arts pro­fes­sion­als along with a siz­able working-class population.

    Nat­u­rally, the build­ings play­ed a role. “It was an old indus­trial pocket but the build­ings are hand­some, and made it quite a desir­able area,” espe­cially for peo­ple in Toronto’s bur­geon­ing film indus­try, says urban plan­ner Denise Graham.

    It was also the dawn­ing of legit­i­mate live-work lofts for cre­ative types who liked the raw space, big win­dows and high ceil­ings. And hous­ing was sta­ble — you couldn’t get kicked out for liv­ing in your work space.

    When the study came out in 2000 — over­seen by Mr Lay­ton — it became a devel­op­ment touch­stone. It iden­ti­fied neigh­bour­hood defi­cien­cies such as dimmer-than-average street­lights, and made rec­om­men­da­tions about land­scap­ing, parks, pub­lic art, her­itage preser­va­tion, con­nec­tions to the water­front and how to improve the liv­abil­ity of Dun­das Street.

    For devel­op­ers, the area pre­sented an oppor­tu­nity. When loft devel­op­ment began on Car­law, “nobody really knew about the area,” says Brad Lamb, who has mar­keted two devel­op­ments (Gar­ment Fac­tory Lofts at 233 Car­law and Print­ing Fac­tory Lofts at 201) and devel­oped two oth­ers (Work Lofts at 319 and Flat­iron Lofts at 1201 Dun­das). “It was dead and scruffy-looking, but a lot of peo­ple look­ing for authen­tic lofts liked the idea of a new-found area.”

    That’s when land there sold for $16 to $18 a build­able square foot; prices have now tripled to $40 to $50 per build­able square foot (still low com­pared to $125/sq. ft. in Yorkville and $80 at King and Cortland).

    And with unit prices ris­ing cor­re­spond­ingly — $500/sq. ft. com­pared to the orig­i­nal $310/sq. ft. — the area inhab­i­tants have changed. Mr. Young recently exam­ined growth pat­terns for a park process he was facil­i­tat­ing, and found dog own­er­ship was up while birth rates were down. The find­ings jibed with what he noticed was sell­ing: “a lot of bach­e­lors and one bed­rooms … to buy­ers who are mostly single.”

    That’s not exactly news, but it did raise ques­tions about how the neigh­bour­hood was chang­ing, and whether it was still afford­able. But afford­abil­ity is a com­pli­cated issue and depends on land costs, fin­ishes and unit size. While ear­lier devel­op­ments ben­e­fited from cheap land, they got fewer breaks on height and density.

    The neigh­bour­hood was a mix of mid-rise indus­trial and two-storey res­i­den­tial, so new con­struc­tion was meant to be a buffer. Although the height limit on Car­law is 18 meters, or about six storeys, devel­op­ers have suc­cess­fully appealed for increases — the Flat­iron Lofts, for exam­ple, is 11 storeys on Car­law and 10 on Dun­das. And on the north side of Dun­das, The Car­law will have 10 storeys on Dun­das and 12 on Car­law, plus a row of town­homes along Boston (they’re launch­ing in a sub­se­quent phase).

    The changes in den­sity and height allowance indi­cate to Mr. Lamb that the “area is due to inten­sify.” Given the avail­able indus­trial land, the press­ing need for hous­ing and the city’s direc­tive for inten­si­fi­ca­tion, he antic­i­pates the next build­ings may be higher still.

    But the city wants some­thing in return. When Mr. Lamb first bought on Car­law, he says he was told by coun­cil­lor Paula Fletcher that these were “employ­ment lands, and we’re not crazy about con­dos, so you have to offer employ­ment back to the city.”

    With the area’s job base chang­ing — Mr. Lamb believes the notion of an artist pop­u­la­tion is false — most of the newer projects must include an employ­ment com­po­nent. The sec­ond floors at Worklofts and Flat­iron Lofts, for exam­ple, have busi­ness cen­tres with board­rooms and wash­rooms. And from what he’s seen, the buy­ers are not artists, but den­tists, lawyers, media types and small businesses.

    Though Flat­iron has almost sold out its 80 suites, about 35% of raw com­mer­cial space is left. It’s not expected to last, espe­cially in the 400 to 500-sq.-ft. range, Mr. Lamb says, because there’s a “huge mar­ket for small-business space.”

    With so much change afoot, there’s a feel­ing of excite­ment. And design reflects this, espe­cially with the level of design skill seen in the new build­ings, by archi­tects skilled in graft­ing mod­ern skins — of glass, brick and steel — on to older indus­trial brick bodies.

    The Car­law is grounded with brick at both Car­law and Dun­das ends. Using brick, explains Prish Jain, the building’s archi­tect, “is meant to speak to the indus­trial her­itage of that neigh­bour­hood, speak to the exist­ing character.”

    The building’s large expanses of glass also “look for­ward and upward and be the urban build­ing that it is,” Mr. Jain adds. “It’s not enough to sug­gest his­toric, you also need to look for­ward by using mod­ern mate­ri­als, like the glass cur­tain wall fac­ing downtown.”

    Across the street at the Flat­iron Lofts, Core Archi­tects was hired to deal with the “strange” jog­ging inter­sec­tion at Dun­das and Car­law. Their con­cept — a mod­ern take on the flat iron — was to accom­mo­date the pie-shaped lot (a for­mer gas sta­tion) as well as the intersection.

    The Print­ing Fac­tory Lofts (at Queen and Car­law) took a preser­va­tion approach, res­ur­rect­ing the ware­house by retain­ing its orig­i­nal height at street level, and insert­ing a new-build mid-rise condo into the mid­dle. At the Gar­ment Fac­tory Lofts, authen­tic loft spaces with con­crete floors and huge win­dows com­prise the orig­i­nal four floors, but the top four floors are new with glass, steel and brick.

    Worklofts, a new-build ware­house, has four floors in grey-purple Amer­i­can brick meant to blend with the street’s indus­trial look, while the upper seven floors — stepped back — are a lighter glass and aluminum.

    Design can also fos­ter more street-level pres­ence. Although much has changed since the 2000 study, its design rec­om­men­da­tions are still moti­vat­ing developers.

    Street­car CEO Les Malen, for exam­ple, was inspired to cre­ate an 11,000-sq.-ft. pub­lic lobby and court­yard at The Car­law in an attempt to relate to the street, and encour­age greater com­mu­nity engagement.

    Mr. Malen is cur­rently in nego­ti­a­tions with groups who will take respon­si­bil­ity for the pub­lic space. The ideas for its use are end­less: com­mu­nity events such as fash­ions shows or art exhibits; sea­sonal retail — the pop-up trend — for Hal­loween cos­tumes, or win­ter sport­ing goods; an inside farm­ers mar­ket — like the St. Lawrence Mar­ket — but with the option of spilling out­side into the courtyard.

    The con­cept, says Mr. Malen, is not “unusual down­town, but it is for the east end.”

    ———————————————————————————————————————
    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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