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Sold: a “loft house” on the Dupont strip for $818,000

With all the talk of condo bubbles, over-the-top bidding wars and failed flips, wading into Toronto’s housing market requires equal parts bravery and real estate savvy. To help with the latter, we decided to dish when the properties we profile in our House of the Week, Condo of the Week and Cottage of the Week features are sold. Here, all the details from the latest sale.

• The place: A three-storey townhome with designer interiors in the Annex Loft Houses, a boutique development at Bathurst and Dupont.

• The agent: Jonathan Ferrier, Royal LePage Real Estate Services

• Listed price: $824,900

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House of the Week: $1.5 million for a west-end home with a deck and a hot tub off the master bedroom

House of the Week: 7 Weatherall Street

Address: 7 Weatherell Street
Neighbourhood: Runnymede-Bloor West Village-High Park North
Agent: Julie Kinnear, Royal Lepage Real Estate Services
Price: $1,495,000

The Place: A newly renovated three-story home with a finished basement at the edge of bustling Bloor West Village.

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Sold: a six-bedroom house in The Beach for just under asking

Sold: 40 Beaufort RoadWith all the talk of condo bubbles, over-the-top bidding wars and failed flips, wading into Toronto’s housing market requires equal parts bravery and real estate savvy. To help with the latter, we decided to dish when the properties we profile in our House of the Week, Condo of the Week and Cottage of the Week features are sold. Here, all the details from the latest sale.

• The place: A traditional six-bedroom house in The Beach renovated by the most recent owner, who runs a design and construction firm

• The agent: Mark Richards, Re/Max Hallmark Realty Ltd., Brokerage

• Listed price: $2,890,000

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Condo of the Week: $2.4 million for an upgraded two-bedroom in the Museum House on Bloor Street

Condo of the Week: 206 Bloor Street West, unit 302 Address: 206 Bloor Street West, Unit 302
Neighbourhood: Annex
Agent: Elli Davis, Royal LePage Real Estate Services Ltd., Brokerage
Price: $2,400,000

The Place: A two-bedroom residence on the third floor of the Museum House, a building aptly named for its proximity to the Royal Ontario Museum, the Bata Shoe Museum and the Gardiner Museum.

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House of the Week: $4.45 million for a swank townhome in a converted Victorian church

House of the Week: 314 Palmerston Boulevard Address: 314 Palmerston Boulevard
Neighbourhood: Palmerston-Little Italy
Agent: James Martin Molloy, Chestnut Park Real Estate Ltd., Brokerage
Price: $4,450,000

The Place: A 5,600-square-foot luxury townhouse in the Victorian church and school house at the corner of College and Palmerston.

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Competition Bureau loses its bid to force TREB to release home sales histories 

Canadian homebuyers have long been jealous of the detailed home sales information available on American real estate websites like Zillowand, unfortunately, they’ll have to remain jealous for now, because the federal Competition Bureau has lost its high-profile bid to force the Toronto Real Estate Board to loosen its grip on the info. The bureau had accused the 35,000-agent board of unfairly keeping sales data from low-cost brokerages (and through them, homebuyers and sellers) for fear of losing out on commissions. (For its part, TREB says it has concerns about homeowner privacy and safety.) After a five-year investigation, two months of hearings and an eight-month wait, a federal tribunal dismissed the case at least in part because it was filed under the wrong section of the Competition Act. The bureau is considering whether it will appeal or re-file. [Globe and Mail]

The Informer

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Sold: a five-bedroom home on a landscaped lot in Islington for $1.65 million

With all the talk of condo bubbles, over-the-top bidding wars and failed flips, wading into Toronto’s housing market requires equal parts bravery and real estate savvy. To help with the latter, we decided to dish when the properties we profile in our House of the Week, Condo of the Week and Cottage of the Week features are sold. Here, all the details from the latest sale.

• The place: A five-bedroom Etobicoke house with a geometric exterior, a modern, airy interior and a peaceful backyard.

• The agent: Richard K.C. Ling, Harvey Kalles Real Estate Ltd., Brokerage

• Listed price: $1,688,000

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Real Estate Cheat Sheet: new condo projects, first-time buyers and more market news

(Image: Shane Fester from the Torontolife.com Flickr pool)

Real estate commentators usually reach for sales figures and average prices to explain what’s happening in the market, but there are a ton of other figures that are equally illuminating. This week, we’ve seen stories about the number of new condo projects in Toronto, the amount a typical first-time buyer is planning to pay and more. We round up the notable numbers below.

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Condo of the Week: $730,000 for a one-bedroom suite in a Georgian mansion in Casa Loma

Condo of the Week: 195 Poplar Plains Road, Unit 203

Address: 195 Poplar Plains Road, Unit 203
Neighbourhood: Casa Loma
Agent: Dagmar Hansen, Chestnut Park Real Estate Ltd., Brokerage
Price: $729,000

The Place: A one-bedroom, two-level condo in a converted Georgian mansion around the corner from Scaramouche restaurant.

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House of the Week: $1.65 million for a Little Italy semi with a backyard coach house

House of the Week: $1.65 million for a Little Italy semi-detached with a backyard coach house

Address: 290 Palmerston Avenue
Neighbourhood: Trinity-Bellwoods
Agent: Stefani Konidis and Catherine Black, Chestnut Park Real Estate Ltd., Brokerage
Price: $1,649,000

The Place: A Little Italy house with Victorian red brick charm and a fully-finished coach house out back.

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Condo Showdown: five industrial lofts for less than $1 million

Condo Showdown: five hard lofts with an industrial pedigreeThe number of so-called “hard lofts” in Toronto has ballooned since the early 2000s as developers wised up to the moneymaking potential of turning old factories and warehouses into residential units. True loft conversions have an artsy vibe that’s nearly impossible to imitate, and some buyers feel they’re a smarter investment than new builds because supply is, in theory, limited by the number of available buildings to convert. Even would-be loft owners with sub-$1 million budgets can find a range of options: some units maintain the original raw, industrial feel, while the rough edges on others have been smoothed away (some repurposed buildings are even packed with luxury amenities). Below, five recently-listed hard lofts from across the city.

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Condo of the Week: $1.75 million for an Annex loft with a private rooftop patio

Condo of the Week: 391 Brunswick Avenue, Penthouse 1 Address: 391 Brunswick Avenue, Penthouse 1
Neighbourhood: Annex
Agent: Daena Allen-Noxon, Royal LePage Real Estate Services Ltd., Johnston and Daniel Division
Price: $1,749,000

The Place: A two-level penthouse in the Schoolhouse Lofts, a 19-unit building that was previously home to Loretto College girls school. (We featured a neighbouring suite last year.)

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House of the Week: $3.6 million for a live-work building in the Fashion District

House of the Week: $3.6 million for a live/work space in the Fashion District

Address: 548 Richmond Street West
Neighbourhood: Waterfront Communities-The Island
Agent: Robin Tully, Royal LePage/J & D Division, Brokerage; Marc Paillé and Michell Pérez, Royal LePage Signature Realty
Price: $3,600,000

The Place: A minimalist building in the Fashion District containing both a large commercial space and a two-bedroom residence.

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Condo of the Week: $2.8 million for a suite with two terraces in an exclusive Wellington Street building

Condo of the Week: 500 Wellington WestAddress: 500 Wellington Street West, Unit 301
Neighbourhood: Waterfront Communities-The Island
Agent: Kate Matheson and Jordan Grosman, Forest Hill Real Estate Inc., Brokerage
Price: $2,799,000

The Place: A two-bedroom suite in an upscale King West building built by developer Peter Freed (who was briefly tempted to move in).

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The Informer

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The Chase: an avowed west-ender takes a chance on a Regent Park condo

The Chase: a devout west-ender takes a chance on Regent Park

The buyer: Abeer Islam, a 29-year-old music producer and owner of Ivory and Hammer Music House.

The story: Two years ago, Islam bought his first home, a 600-square-foot one-bedroom loft at Bathurst and Queens Quay. It was a bargain at $260,000, but the layout was highly impractical: there was no separation between his living space and his home studio. When friends came over, they’d often end up sitting on his expensive recording equipment. Last year, he decided it was time to upgrade. He hoped to find a two-bedroom place, preferably in a west end neighbourhood with good resale potential, for less than $350,000. His six-month search took him all over the city and ended in a place he never expected.

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