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Sale of the Week: the $852,000 Roncesvalles home that shows the sales power of a hot block

toronto-sale-of-the-week-308-garden-avenue-intro

Address: 308 Garden Avenue
Neighbourhood: Roncesvalles
Agent: Loic Danis, Sutton Group Old Mill Realty Inc., Brokerage

The Property: This recently renovated Roncesvalles semi takes up the entire width of its exceptionally large 20.25-foot frontage. The rare, one-car parking pad up front was a particular draw for many visitors, as was the home’s proximity to High Park and the waterfront.

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Condo of the Week: $1.2 million for a penthouse in the middle of the entertainment district

Address: 169 John Street, Penthouse 4
Neighbourhood: Kensington-Chinatown
Agent: Paul Maranger, Christian Vermast and Fran Bennett, Sotheby’s International Realty Canada, Brokerage
Price: $1,195,000

The Place: A two-bedroom, two-storey penthouse—one of four—in One Six Nine, a soft-loft complex at Queen and John. We featured another unit in the building last year.

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House of the Week: $1.7 million for a home in the Beach with a built-in exercise regimen

Address: 58 Beaufort Road
Neighbourhood: The Beach
Agent: Marc Trumphour, Real Estate Homeward, Brokerage
Price: $1,695,000

The Place: A three-bedroom, four-washroom east-side getaway, perfectly situated between Kingston Road, Queen Street East and Glen Stewart Park.

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Cottage of the Week: $5.5 million for a 90-acre estate in Port Carling

Address: 1051 Longhurst Road
Neighbourhood: Port Carling, Ontario
Agent: Todd Adair, Cayman Marshall International Realty Inc., Brokerage, Port Carling
Price: $5,495,000

The Place: A gargantuan estate on Lake Rosseau, complete with a cottage, guesthouse and boathouse.

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Junction Triangle residents live in fear of a roaming cloud of rendered-pig-skin odour

The source of the smell. (Image: Google Street View)

The source of the smell. (Image: Google Street View)

There are certain things that aren’t obvious about a neighbourhood until you’ve lived there for a while: which laundromat is the best, where to get a good hamburger—and, of course, when to flee in terror from the clouds of pig-scented miasma that escape from the nearby gelatin factory. That last dilemma isn’t a hypothetical. The Star reports that, since the start of 2014, Junction Triangle residents have lodged 52 complaints against Nitta Gelatin, a nearby processing plant that turns pig hides into the base ingredients for things like gummi bears and skin creams. “You can almost feel it,” a ten-year resident named Whitney Miller told the Star. “It soaks right into you.”

The thing is, as the Star points out, the plant has been a Junction Triangle resident for far longer than any of the homeowners who are now complaining about the smell. It opened more than a century ago, though Nitta didn’t move in until 1990. The up-and-coming neighbourhood’s industrial vibe has even worked to buyers’ advantage, to a certain extent: according to Toronto Real Estate Board data, average house prices in the area remain relatively reasonable, with detached homes tending to sell for less than the city average (which was $921,127, as of June). It may be time for homebuyers to accept that finding a place to live in today’s market means tolerating the occasional waft of slaughterhouse exhaust.

The Informer

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Sale of the Week: the $1.4-million home that hints at a mini-mansion-filled future for Newtonbrook

toronto-sale-of-the-week-168-caines-avenue-intro

Address: 168 Caines Avenue
Neighbourhood: Newtonbrook
Agent: Mark and Veronica Amador, Re/Max Realtron Realty Inc., Brokerage

The Property: The main level of this mini-mansion is dominated by a huge marble-floored, open-concept kitchen, which occupies 528.3 square feet. The master bedroom walks out onto a balcony and sports a marble-floored five-piece en suite, and the second master bedroom claims a four-piece en suite of its own.

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What $1 million will get you in Toronto today

Want one of these ho-hum houses? You’ll need seven figures and a stiff drink

In mid-April, for the first time ever, the average selling price for a detached home in Toronto nudged, just briefly, over the million-dollar mark—a surge of 19 per cent over last year. You might argue that the number is an arbitrary data point on a line graph sloping skyward. It’s not. To hopeful house hunters, seven figures is a ­chasmic mental leap and a devastating reminder of the near impossibility of owning four unshared walls in this city. Just a few years ago, the mid- to low-$800s were territory for the excessively affluent or certifiable; today that’s considered a steal. The $900s, given a long amortization and a diet of rice and lemon water, have become tolerable, too. Welcome to the millies, the new new stratum of absurdity.

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Condo of the Week: $2 million for a King West penthouse with a built-in fish tank

toronto-condo-of-the-week-478-king-street-west-intro

Address: 478 King Street West, Penthouse 2
Neighbourhood: Waterfront Communities-The Island
Agents: Jamie Erlick and Diana Bahrin, Harvey Kalles Real Estate Ltd., Brokerage
Price: $1,959,000

The Place: A two-storey, two-bedroom penthouse at King and Spadina.

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House of the Week: $4.8 million to live in a historic schoolhouse in Moore Park

Address: 110 Glenrose Avenue
Neighbourhood: Rosedale-Moore Park
Agent: Leeanne Weld, Royal LePage/J & D Division, Brokerage
Price: $4,800,000

The Place: A former schoolhouse in Moore Park that was converted into an art studio and residence.

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Cottage of the Week: $860,000 for a candy-coloured family compound in Bala

Address: 2866 Highway 169, Unit 1
Neighbourhood: Bala, Ontario
Agent: Iris and Jim Gardiner, Chestnut Park Real Estate
Price: $859,000

The Place: A cute-as-a-button cottage on Lake Muskoka.

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Sale of the Week: the Church-Wellesley townhouse that shows what $1 million gets you downtown

Address: 116 Granby Street
Neighbourhood: Church-Wellesley Village
Agent: Nadia Saloojee, Royal LePage Your Community Realty, Brokerage

The Property: This completely renovated condo townhouse has an open-concept, no-basement configuration that puts the den on the main floor, the kitchen and living room on the second and two bedrooms on the third. A built-in double garage is a particular draw, considering the downtown location.

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Condo of the Week: $1.6 million for a Forest Hill unit with a summery veranda

Address: 517 Spadina Road
Neighbourhood: Forest Hill South
Agents: Howard Biderman, Harvey Kalles Real Estate Ltd., Brokerage, and Marie Natscheff, Bosley Real Estate Ltd., Brokerage
Price: $1,625,000

The Place: A three-bedroom, two-storey home in Forest Hill. The unit is one of only two in the building, and occupies half of the ground floor and the entire second floor.

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The Informer

Real Estate

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House of the Week: $840,000 for a newly renovated Weston home, minus appliances

Address: 11 Lamont Avenue
Neighbourhood: Weston
Agent: Fernando Perri, Keller Williams Referred Realty
Price: $839,000

The Place: A renovated home in the Weston Village area.

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Million-dollar homes are becoming Toronto’s new normal

3,956

—The number of Greater Toronto Area homes that sold for $1 million or more during the first six months of 2014, according to a new report by Sotheby’s International Realty Canada. Last year, during the same period, the figure was only 2,947.

The Informer

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Cottage of the Week: $675,000 for a waterfront cottage with plenty of beach for your buck

Address: 25 Cranbrooke Court
Agent: Peggy Worthen, RE/MAX Georgian Bay Realty Ltd, Brokerage (Balm Beach)
Price: $674,900
Neighbourhood: Tiny, Ontario

The Place: A three-bedroom family cottage in the quaint town of Tiny on Georgian Bay.

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