Former finance minister Joe Oliver is selling his Wychwood house for $4.5 million

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Published on: May 27, 2016

Joe Oliver, who was Canada’s Conservative finance minister until he was swept out of office by Justin Trudeau’s landslide, is now in the process of making another, more voluntary exit. He’s selling his home in Wychwood Park, the gated community where he has owned property for almost 30 years.

According to the listing, Oliver’s house has more than 3,500 square feet of living space (not counting the 1,900-square-foot lower level) and a view of Taddle Creek Pond.

The asking price is $4,495,000. Oliver bought his land in Wychwood Park in 1987, for $500,000, but he didn’t finish building this house until 1990.

The flooring is oak herringbone:

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Tall leaded glass windows give the interior an antique look, though the house is only about 25 years old:

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Oliver must have thought so many deep, financial thoughts in this wood-panelled library:

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The house has a formal dining room, complete with chandelier. The windows have a view of the garden:

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The kitchen has slate flooring:

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And here’s the master bedroom, with its own marble fireplace.

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The master ensuite:

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And here’s the backyard:

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Sarah Giacomelli, Oliver’s agent, who also happens to live in Wychwood Park, denies any knowledge of the reason for the sale. “It’s just a move,” she said.

Whoever buys the property will be buying into a unique arrangement. Wychwood Park is a private enclave, where all the common areas are owned not by the city, but by the neighbourhood’s landholders. Everyone who lives within Wychwood Park’s borders pays an annual levy, calculated according to lot size. It pays for things the city would normally take care of, like road maintenance and upkeep on the neighbourhood’s central park and tennis courts.

The tiny-community feel is nearly unique in Toronto. It is, though, occasionally marred by legal drama over the details of the century-old trust deed that governs the whole arrangement. If worse comes to worst, fighting over money is a very effective means of getting to know your neighbours.

Article source: http://torontolife.com/real-estate/houses/former-finance-minister-joe-oliver-selling-his-wychwood-house-for-4-5-million/

Seven of Toronto’s best pre-construction condos

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Published on: May 26, 2016
Picnic

2114 Bloor St. W. (High Park)

Picnic
(Image: courtesy of developer)

The minimalist midrise has a dual-entry limestone lobby and spacious layouts with walk-in closets. Every unit has a balcony, but only the south- and east-facing ones look out on High Park’s canopy. Residents without a view can bogart the communal rooftop, with its double-sided fireplace and dining nooks.

PRICES: $425,000–$1.5 million
PRICE PER SQ. FT.: $700
NO. OF UNITS: 68
AVERAGE SIZE: 925 sq. ft.
CONDO FEES: $0.55 per sq. ft.
AMENITIES: Gym, rooftop lounge overlooking High Park
PARKING: $40,000 per spot
NEAREST TRANSIT: Runnymede and High Park stations

2. ST. LESLIEVILLE

175 Jones Ave. (Leslieville)

St. Leslieville
(Image: courtesy of developer)

The 103-year-old church is being turned into 14 sprawling lofts (the largest is 2,700 square feet). Original features, like the gothic arched windows and the bell tower, are being preserved. Everything else is modern: the stained glass has been swapped out for windows that’ll actually keep out the cold.

PRICES: $510,000–$1.65 million
PRICE PER SQ. FT.: $600
NO. OF UNITS: 14
AVERAGE SIZE: 1,475 sq. ft.
CONDO FEES: $0.25 per sq. ft.
AMENITIES: Bike locker, climate-controlled wine room
PARKING: One spot included
NEAREST TRANSIT: Three-minute walk to the 506 streetcar

3. HEARTWOOD

1884 Queen St. E. (The Beach)

Heartwood
(Image: courtesy of developer)

Instead of a steel skeleton, the building is made of cross-laminated timber, which looks great (like proper wood), decreases greenhouse emissions and sequesters carbon. In other words, the condo’s green cred is solid. The design also brings in lots of natural light and the rooftop’s landscaping preserves water.

PRICES: $649,900–$1.2 million
PRICE PER SQ. FT.: $658
NO. OF UNITS: 37
AVERAGE SIZE: 1,100 sq. ft.
CONDO FEES: $0.52 per sq. ft.
AMENITIES: Entertainment lounge
PARKING: $40,000 per spot
NEAREST TRANSIT: Two minutes from the 301 and 501 streetcars

4. GARRISON POINT

35 Strachan Ave. (King West Village)

Garrison Point
(Image: courtesy of developer)

The larger units in this kid-centric development are engineered to keep young families from fleeing to the suburbs. Architects Hariri Pontarini designed more than 50 floor plans, and units can also be combined. The first of the five buildings to go up is the 312-unit southern-most tower.

PRICES: $235,500–$1.25 million
PRICE PER SQ. FT.: $597
NO. OF UNITS: 312 (phase one)
AVERAGE SIZE: 698 sq. ft.
CONDO FEES: $0.54 per sq. ft.
AMENITIES: Kids’ playroom, theatre, gym, guest suites, outdoor pool
PARKING: $45,000 per spot
NEAREST TRANSIT: Four minute walk to King and Strachan

5. KINGSTON CO.

1100 Kingston Rd. (Kingston Road Village)

Kingston  Co
(Image: courtesy of developer)

The Teeple Architect–designed midrise is ideal for first-time buyers who aren’t keen on shovelling, but are romanced by the perks of traditional homeownership like garage tinkering (there’s a tool room). Units with large terraces are outfitted with vegetable garden–ready planters.

PRICES: $214,900-$999,900
PRICE PER SQ. FT.: $563
NO. OF UNITS: 146
AVERAGE SIZE: 850 sq. ft.
CONDO FEES: $0.48 per sq. ft.
AMENITIES: Rooftop garden, gym, yoga room, workshop and tool room
PARKING: $32,000 per spot
NEAREST TRANSIT: 250 metres from the 12 bus

6. THE PERRY

128 Pears Ave. (Yorkville)

The Perry
(Image: courtesy of developer)

Rosedale retirees downsizing from their Neo-Georgians are swooning over The Perry’s Calcutta marble lobby, outdoor “serenity terrace,” piano lounge for cocktail parties, and suites with floor-to-ceiling windows, Poliform wardrobes, Gaggenau appliances and the building’s 4,500 square foot gym.

PRICES: $400,000–$4 million
PRICE PER SQ. FT.: $960
NO. OF UNITS: 43
AVERAGE SIZE: 1,200 sq. ft.
CONDO FEES: $0.58 per sq. ft.
AMENITIES: Guest suite, dining room with caterer’s kitchen, gym, outdoor dining
PARKING: One spot included
NEAREST TRANSIT: Rosedale station

7. ZIGG

223 St. Clair Ave. W. (Forest Hill)

Zigg
(Image: courtesy of developer)

The St. Clair–facing front of this midtown building stands 11 storeys tall, while its south side tiers downward like a ziggurat (hence the name of the development). Graduated lake-facing terraces have privacy screens and enviably Instagrammable views of Toronto’s cityscape.

PRICES: $365,900–$1.35 million
PRICE PER SQ. FT.: $675
NO. OF UNITS: 166
AVERAGE SIZE: 850 sq. ft.
CONDO FEES: $0.56 per sq. ft.
AMENITIES: Rooftop barbecues, gym, pet spa station
PARKING: $50,000 per spot
NEAREST TRANSIT: On St. Clair streetcar line

Article source: http://torontolife.com/real-estate/condos/best-toronto-almost-built-condos/

Scotiabank’s CEO is selling his swanky church-conversion condo for $4 million

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Published on: May 25, 2016

(Image: Google Street View)

One of the nicest church conversion condos in the city is back on the market, as Brian Porter, president and CEO of Scotiabank, looks to sell his stylish Rosedale residence.

The three-storey unit is one of just five condos carved out of a former church near the intersection of Yonge Street and Macpherson Avenue. The townhouse has about 4,250 square feet of living space, heated marble floors and a central spiral staircase. The third-floor exercise room and sauna make it an excellent home for an executive who’s too busy to hit the gym, and unusual architectural features—like a huge, round skylight in the upstairs family room—emphasize the property’s uniqueness. The maintenance fees are $2,180 a month.

Despite everything it has going for it, this townhouse sat on the market for several years before Porter and his wife Megan finally closed on the place in January 2016, for $3,586,000—about $200,000 less than the property’s last known asking price. Through his real estate agent, Porter declined comment, so it’s not clear why he’s selling so quickly. The asking price this time around is $3.95 million, which might be a little on the high side—unless there’s another high-ranking executive looking to move into the neighbourhood.

The unit was our House of the Week in December 2012. Head to that post for more views of the interior, as it appeared back then.

Article source: http://torontolife.com/real-estate/houses/scotiabanks-ceo-is-selling-his-swanky-church-conversion-condo-for-4-million/

House of the Week: $1.8 million for a Roncesvalles house with lots of glass in the back

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Published on: May 25, 2016

Address: 75 Parkway Avenue
Neighbourhood: Roncesvalles
Agent: Duncan James Cameron, Sage Real Estate Limited
Price: $1,795,000
Previously sold for: $1,043,000, in 2015, prior to a major renovation

The place

A modern family home between Dundas Street West and Roncesvalles.

The living room is at the front of the house:

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The dining room has a three-sided gas fireplace:

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Here’s the kitchen, with stone countertops and KitchenAid appliances:

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There are three bedrooms on the second floor. Here’s one of them:

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And here’s another:

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All three second-floor bedrooms share this bathroom:

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The master bedroom is the only thing on the third floor:

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The soaker tub in the master bedroom’s ensuite bathroom has its own fireplace:

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The master bedroom’s private rooftop terrace:

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The basement is finished:

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And there’s a fifth bedroom down here:

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The lot is fairly deep, and there’s a hot tub:

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The rear addition gives the back of the house a strikingly modern appearance:

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The history

Architect Geoffrey Moote helmed the redesign of this property, which took place over the past year. Moote stripped the house down to studs and built a rear addition, which now serves as a family room with 21-foot ceilings and a wall of folding glass doors that lead directly to the backyard.

Here’s what the doors look like when they’re closed:

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And then suddenly the couch is practically in the backyard:

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Other updates include two wet bars, a wine cellar and in-ceiling speakers that can be controlled from any of four wall-mounted iPad stations. The same iPads also control the home’s Nest thermostat and front doorbell camera.

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Big selling point

If it’s not the sleek modernity of the glass cube that is the family room, it’s the second-floor’s front bedroom, with 18-foot ceilings and a skylit “study loft” above the bed.

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Possible deal breaker

The home backs onto a children’s park with a wading pool, which might be nice for potential homeowners with young children—but the noise level could be bothersome to anyone who prefers a more grown-up milieu.

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By the numbers:

• $1,795,000
• 3,500 square feet
• 5 bedrooms
• 4 bathrooms
• 4 wall-mounted iPad stations
• 2 wet bars
• 2 fireplaces
• 1 hot tub
• 1 wine cellar

The Hunt

More Houses of the Week

Article source: http://torontolife.com/real-estate/houses/toronto-house-for-sale-75-parkway-avenue/

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