The Chase: One couple’s search for a kid-friendly Mimico bungalow

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Published on: May 10, 2016
The Chase: Kid-friendly Mimico bungalow
(Portrait: Erin Leydon)

The buyers: Anthony Provenzano, a 45-year-old architect, and his wife, Sheila, a 35-year-old interior designer.

The story: In 2005, Anthony bought a tiny townhouse in Little Italy for $320,000, then gutted the place and renovated it from top to bottom. He married Sheila in 2009, and five years later they had a son, Roberto, whose crib they had to install in their bedroom for lack of a proper nursery. They wanted a larger, kid-friendly layout, but property values in the area had increased dramatically since Anthony’s purchase a decade earlier, making it difficult for them to afford more living space in the neighbourhood without sacrificing luxuries like their annual trips to Italy. They sold the townhouse for $707,500 and began scouring Mimico for a relatively cheap bungalow—preferably one where Anthony could design a custom second-storey addition.

Option 1

The Chase: Kid-friendly Mimico bungalow
13th Street (near Lake Shore and Kipling). Listed at $620,000, sold for $690,000.
This bungalow was five minutes from the lake, with a wide driveway perfect for street hockey. The couple offered an extra $13,000 and even sent over a family portrait, hoping to win over the sellers. Their efforts weren’t enough: the place attracted seven offers and sold for $70,000 over asking.

Option 2

The Chase: Kid-friendly Mimico bungalow
25th Street (near Lake Shore and Kipling). Listed at $589,000, sold for $573,000.
The couple loved the low asking price and proximity to Colonel Sam Smith Park, but the house was too close to the noise of Humber College’s campus. Plus, there were cracks in the foundation—and even though Anthony planned to do renovations, he wasn’t willing to fix up a crumbling basement. They passed.

The Buy

The Chase: Kid-friendly Mimico bungalow
10th Street (near Lake Shore and Islington). Listed at $675,000, sold for $660,000.
The Provenzanos first saw this property after another buyer had made an offer. Luckily, the deal fell through, and the house was relisted for $15,000 less than its initial asking price. Sheila loved the open layout, which would allow her to keep an eye on Roberto from virtually anywhere. Anthony liked that the basement had its own kitchen—the family could live down there while he added a second storey. They offered $650,000 and threw in an extra $10,000 to seal the deal.

More Chases

Article source: http://torontolife.com/real-estate/houses/the-chase-kid-friendly-mimico-bungalow/

Discover endless perfect weekends 45 minutes outside the GTA Sponsored by Friday Harbour

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Published on: May 10, 2016
Opening summer 2017

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Sculpted into Lake Simcoe’s Big Bay Point, just 45 minutes outside the Greater Toronto Area, you’ll find a resort community that infuses fun with relaxation, creating a kaleidoscope of natural greenery and urban amenity. Introducing Friday Harbour, Toronto’s ultimate combination of rustic cottage escape and modern lifestyle resort. From work life to the water’s edge, discover where your weekends can take you.

Make waves in a lakeside condo or town

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Get in the swing of things at the Nest Golf Club

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Catch some rays at the Beach Club

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Weigh anchor at the Lake Club

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Drink it all in at the Marina Village

Whether you’re looking for an outfit for a night out, sporting equipment to take out on the lake or even a fun game for the kids, Friday Harbour’s Marina Village has a tantalizing assortment of shops and stops that offer something for everyone. Your other senses will not be neglected. Feast on a plethora of resto-bars and bistros. Grab a steak or sip a signature drink and watch the water lap against the marina, patio-side.

365 days of Friday

Regardless of the season, there are thousands of reasons to make a weekly trek to the Harbour. Winter is at its most picturesque when snow-covered white cedars, beeches and elms line the cross-country ski-ready nature paths. Swing into spring at the Nest, complete with a driving range to help warm your game up for the upcoming summer months. Fall into a weekly routine of heading to the Harbour and watch the leaves change. Or take the boat for one last spin at the 1,000-slip marina, accessible to boaters of all skill levels.

From work life to the water’s edge, you can experience it all, every weekend, in Lake Simcoe’s Friday Harbour All Seasons Resort.

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This is sponsored content. To learn more about Friday Harbour, go to www.fridayharbourresort.com.

Article source: http://torontolife.com/real-estate/endless-perfect-weekends/

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