Homes

The Informer

Real Estate

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Sale of the Week: the Trinity Bellwoods home that proves $1 million doesn’t buy as much as it used to

toronto-sale-of-the-week-194-euclid-avenue-intro

Address: 194 Euclid Avenue
Neighbourhood: Trinity Bellwoods
Agent: Diti Coutinho, Sutton Group-Associates Realty Inc., Brokerage

The Property: This detached, single-storey home is five minutes east of Trinity Bellwoods Park. It has approximately 1,700 square feet of hardwood floors, as well as a finished basement suite with its own kitchen and entry.

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The Informer

Real Estate

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Condo of the Week: $630,000 for a concrete loft with a killer kitchen in Riverdale

Condo of the Week: $630,000 for a concrete loft with a killer kitchen in Riverdale

Address: 90 Broadview Avenue, PH830
Neighbourhood: South Riverdale
Agent: Kendra Connelly, Sotheby’s International Realty Canada, Brokerage
Price: $629,000

The Place: A two-bedroom loft in a recently converted building near Queen and Broadview.

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The Informer

Real Estate

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House of the Week: $1.15 million for a classic cottage in Cabbagetown

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Address: 298 Sackville Street
Neighbourhood: Cabbagetown-South St. Jamestown
Agent: John Coulter, Bosley Real Estate Ltd., Brokerage
Price: $1,149,000

The Place: A historic cottage with a huge front porch in Cabbagetown.

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The Informer

Real Estate

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Sale of the Week: the $5.9-million home that proves mansions can be tough to sell

toronto-sale-of-the-week-98-old-colony-road-intro

Address: 98 Old Colony Road
Neighbourhood: St. Andrew-Windfields
Agent: Mark Aliassa, Harvey Kalles Real Estate Ltd., Brokerage

The Property: This 14,000-square-foot home has its own gym and squash courts, home theatre, indoor pool and wine room. Its ornate design distinguishes it from neighbouring cookie-cutter mansions, and—Clue fans take note—it even has secret rooms and passageways that connect otherwise inaccessible parts of the house.

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The Informer

Real Estate

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Condo of the Week: $450,000 to live in a boutique building on Dundas West

(Image: Robert Holowka)

(Image: Robert Holowka)

Address: 1636 Dundas Street West, Unit 6
Neighbourhood: Little Portugal
Agent: Alex Brott, Keller Williams Referred Urban Realty Inc.
Price: $449,000

The Place: A large one-bedroom condo on the second floor of a boutique building in the Brockton Village section of Little Portugal. There’s a den off the kitchen, a balcony for barbequing, an underground parking spot and a five-piece washroom.

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The Informer

Real Estate

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House of the Week: $1.4 million for a Junction home with access to all kinds of public transit

toronto-house-of-the-week-53-dorval-road-intro

Address: 53 Dorval Road
Neighbourhood: Junction Area
Agent: Evelyn M. Roberts and David Anderson Oey, Harvey Kalles Real Estate
Price: $1,418,000

The Place: A sturdy red-brick home with a modern interior in Toronto’s west end.

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The Informer

Real Estate

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Sale of the Week: the $424,000 condo that proves downtown doesn’t have a monopoly on cool lofts

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Address: 1001 Roselawn Avenue, Suite 221
Neighbourhood: Briar Hill
Agent: Susan Lee, Slavens and Associates Real Estate Inc., Brokerage

The Property: This loft, on the second storey of a converted industrial building, has 13-foot ceilings with exposed ductwork, plus two bedrooms and a private terrace on the building’s roof, not accessible from within the unit.

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The Informer

Real Estate

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Condo of the Week: $900,000 to live in comfort above the St. Lawrence Market Second Cup

toronto-condo-of-the-week-39-jarvis-street-intro

Address: 39 Jarvis Street, Suite 516
Neighbourhood: Moss Park
Agent: Bruce Cram, RE/MAX Hallmark Realty Ltd., Brokerage
Price: $889,000

The Place: A 1,566-square-foot condo located just a short distance away from St. Lawrence Market, in a building with a Second Cup and several other businesses as street-level tenants. A recent renovation left the unit with better floors and a luxurious master bathroom.

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The Informer

Real Estate

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House of the Week: $2.8 million to live in a contemporary Rosedale home with a traditional look

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Address: 6 Rachael Street
Neighbourhood: Rosedale-Moore Park
Agent: Iwona Paluszkiewicz, Right At Home Realty Inc., Brokerage
Price: $2,795,000

The Place: A spacious four-bedroom home with a contemporary interior, tucked away on a quiet dead end street in Rosedale.

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The Informer

Features

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The Bank of Mom and Dad: confessions of a propped up generation

It seems like every 30-something couple has an embarrassing financial secret: their boomer parents are covering their mortgages, child-care costs and other expenses

The Bank of Mom and Dad

E

rica met Gavin on JDate in 2007. They were married two years later and had a daughter two years after that. Gavin owned a one-bedroom condo in Liberty Village, which his parents helped him buy with a $10,000 contribution to his down payment. He sold it, and he and Erica moved into a temporary rental apartment at St. Clair and Bathurst while they looked for a house. Three years later, they were still living in the rental—the $100,000 Gavin made selling his condo, their down payment, shrinking every day as the market continued to skyrocket.

Erica and Gavin aren’t their real names. They’re embarrassed by their financial situation and only agreed to speak to me on the condition of anonymity. They take pride in being career-focused young professionals. She’s 34 and works in the non-profit sector; he’s 40 with a job at a media company, and they have a combined income that fluctuates from the high five to low six figures. The endless house hunting made them feel desperate. Many of their friends had bought homes in the early 2000s and were already trading up to bigger houses in nicer areas, like Little Italy and High Park. The money from Gavin’s condo sale wasn’t enough to buy into those neighbourhoods without pushing them into extreme debt. “Our budget started at $500,000 and quickly went up to $600,000,” Erica says. “Our down payment was going to leave us with a huge mortgage and massive payments.”

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The Informer

Real Estate

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Sale of the Week: the $3.7-million home that shows the power of a celebrity connection

(Image: Rob Holowka, Birdhouse Media)

(Image: Rob Holowka, Birdhouse Media)

Address: 20 Taylorwood Drive
Neighbourhood: Humber Valley
Agent: Ana Santos, Harvey Kalles Real Estate Ltd., Brokerage

The Property: This contemporary mansion in Etobicoke has a layout that ensures the privacy of its occupants. The master bedroom features a six-piece en suite washroom and its own private deck—plus, it’s separated from the other three bedrooms by a hallway, for extra solitude. The other two levels (including the lower level) also have their own decks with sound systems and entertainment spaces. Out back, a European-style saltwater lap pool is built next to a dramatic drop-off into the adjacent ravine.

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The Informer

Real Estate

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Condo of the Week: $9.9 million for a giant Yorkville suite with luck on its side

Condo of the Week: 88 Davenport Road, Unit 2401

Address: 88 Davenport Road, Unit 2401
Neighbourhood: Yorkville
Agent: Elise Kalles, Harvey Kalles Real Estate Ltd., Brokerage
Price: $9,880,000

The Place: A gargantuan, marble-lined suite with nearly 7,500 feet of living space. In addition to an open-concept living room, dining room and kitchen, there are six bedrooms, six parking spaces, an office and a den. Luxury extras include Brian Gluckstein–designed kitchen cabinetry and a humidor in the master bedroom.

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Real Estate

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The Chase: two Toronto expats conduct a long-distance hunt for a dog-friendly pied-à-terre

The Chase: two Toronto expats conduct a long-distance hunt for a dog-friendly pied-à-terreThe buyers: Chris Barran, a 44-year-old recent MBA graduate, and Danielle Barran, a 40-year-old VP of marketing at the J. M. Smucker Co.

The story: In 2012, Danielle, an executive at Smucker’s Markham office, was promoted to a job at the corporate headquarters in Ohio. She and her husband, Chris, packed up their belongings and their French bulldog, Remington, and moved into a ranch-style house on a golf course in Akron. The Barrans also kept their one-bedroom, 650-square-foot pied-à-terre in Deer Park for holidays and occasional weekends. The back-and-f0rth lifestyle worked fine until they got a second bulldog named Maui last ­Thanksgiving (their building had a one-dog policy). They enlisted agent Elli Davis to find a few options in the same neighbourhood, send them photos and videos, and handle the transaction in their stead.

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The Informer

Real Estate

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House of the Week: $1.4 million for a faux-Victorian with a rooftop terrace in the Annex

House of the Week: 99 Sussex Avenue

(Image: Alex Lukey)

Address: 99 Sussex Avenue
Neighbourhood: Annex
Agent: Steven J. Fudge, Bosley Real Estate Ltd., Brokerage
Price: $1,389,000

The Place: A red-brick semi beside Alan Powell Lane. It’s walking distance from Koreatown, Mirvish Village and U of T.

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The Informer

Real Estate

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Sale of the Week: the King West loft that shows what $1 million gets you downtown

toronto-sale-of-the-week-436-wellington-street-west-intro

Address: 436 Wellington Street West, Unit 301
Neighbourhood: King West
Agent: Dragi Dodevski, Royal LePage Your Community Realty, Brokerage

The Property: An elevator opens directly into the den of this hard loft, which features original exposed beam-and-brick walls throughout, as well as 10-foot ceilings. It occupies the entire south side of the Monarch Building’s third floor, granting it views to the south, east and west.

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