The Four Seasons penthouse is finally up for sale

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Published on: April 28, 2017

The owners of the penthouse at Toronto’s Four Seasons Residences have never been able to enjoy the place. Robert Oesterlund, a Finnish businessman who made a fortune on internet ads and browser toolbars, initially planned to live in the opulent sky palace with his wife, Sarah Pursglove. They agreed to buy the unit from the developer for about $23 million (before HST) in 2011. The space was sold as an empty shell, so they embarked on a multi-million-dollar interior renovation. In 2014, before they had closed on the property, Pursglove claims she discovered Oesterlund was having an affair.

In the bitter divorce proceedings that followed (which were notably chronicled in the New York Times Magazine), the penthouse became a bargaining chip. Oesterlund manoeuvred to conceal his ownership of the unit, using layers of offshore shell corporations. Pursglove successfully sued for a freeze on Oesterlund’s assets, preventing him from selling the penthouse or any other property that could be traced back to him.

According to Bloomberg, Pursglove says she has now taken full ownership of the penthouse, as a condition of a confidential marital settlement. And now, at last, the penthouse is on the market, with an asking price of $36,000,000, or approximately $4,000 per square foot.

The interior was designed by architect Bill Mockler. There are 12-foot ceilings and four bedrooms, including a master suite with his and hers bathrooms and two walk-in closets. The penthouse has four balconies, plus a sauna with a skyline vista. Because the unit takes up the entire top floor of the Four Seasons’ west tower, it has 360-degree views of the city. (The building, at 50 Yorkville Avenue, is home to a who’s who of wealthy and notable Torontonians.)

The listing agent, Jimmy Molloy, believes the immense asking price is justified by the unit’s unique opulence. “Once you get to these stratospheric levels, there really are no parameters,” he said. “There aren’t any comparables.”

Here’s the study, with built-in desk and shelving:

The dining area, with some ultra-high-backed chairs:

The living room and kitchen:

A closer look at the kitchen:

Article source: http://torontolife.com/city/society/four-seasons-penthouse-finally-sale/

Condo of the Week: $900,000 for a South Riverdale loft with space for a hammock

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Published on: April 28, 2017

Address: 68 Broadview Avenue, Unit 511
Neighbourhood: South Riverdale
Agent: Pierre Carapetian, Re/Max Hallmark Realty Ltd., Brokerage
Price: $899,000
Previously sold for: $640,000, in 2013

The place

A one-bedroom in a factory loft building near Queen and Broadview.

The history

The building is a former Rexall Drug warehouse that was converted into condos in 2006. A Google executive bought this particular unit four years ago. Designer Alex Jowett, from Atelier Nomade, helped him find rugs to soften the concrete floors, as well art and furniture.

Here’s the living area, with its hammock:

The dining area:

And the kitchen:

A pretty intense bar, over here:

The owner commissioned a customized sleeping platform:

Here’s one of the bathrooms:

And the balcony:

Big selling point

This place is bursting with character. It has oversized windows, wooden beams, brick walls and soaring ceilings. The best part might be the antique warehouse doors:

Possible deal breaker

There’s only one bedroom here. Guests who get tired of sleeping in the hammock might need to find a hotel room. (Luckily for them, the Broadview Hotel up the street is expected to open this summer.)

By the numbers

• $899,000
• 1,200 square feet
• $662 in monthly maintenance fees
• 12-foot ceilings
• 2 balconies
• 2 bathrooms
• 1 bedroom
• 1 parking space
• 1 den

Article source: http://torontolife.com/real-estate/condos/toronto-condo-for-sale-68-broadview-avenue-2/

House of the Week: $2 million for a super-modern semi in Roncesvalles

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Published on: April 26, 2017

Address: 165 Glendale Avenue
Neighbourhood: Roncesvalles
Agent: Jordana Ricketts, Zolo Realty, Brokerage
Price: $1,995,000
Previously sold for: $808,000, in 2015

The place

A semi-detached home with a large nanny suite, a red-brick exterior and an up-to-the-minute interior.

The history

The owners and their two children are leaving Toronto, and this freshly renovated home, behind. There are some unique touches throughout, including a skylight directly above the master bedroom’s bathtub and a ten-foot, $13,000 granite island in the kitchen. The interior has a generous amount of exposed brick—a rarity in this style of house.

Here’s the living area:

The kitchen, with extravagant stone island:

The dining area:

These square toilets seem ill-suited to the contours of the human tuchus, but what do we know?

There are three bedrooms on the second floor. This one is set up as an office:

Another bedroom:

And another. This one has a handy shoe rack built into the wall:

The master bedroom, on the third floor, has a door to a two-level rooftop deck:

Also a generously sized closet:

And an ensuite bathroom with an impressive soaker tub:

There’s a second kitchen in the basement, meaning it could be used as a nanny suite, or maybe as a rental apartment:

The basement bedroom:

The backyard:

Big selling point

With the outdoor fireplace blazing, the owners should be able to use the master bedroom’s rooftop deck at least seven months a year:

Possible deal breaker

Typical Roncesvalles: there’s no private parking. But there are spaces on the street.

By the numbers

• $1,995,000
• $5,056.60 in taxes (2016)
• 2,000 square feet
• 19.58-by-120-foot lot
• 6 skylights
• 5 bedrooms
• 4 bathrooms
• 3 fireplaces
• 2 kitchens
• 2 washers and dryers

Article source: http://torontolife.com/real-estate/houses/toronto-house-sold-165-glendale-avenue/

Rental of the Week: $2,400 per month for two bedrooms near Allen and Sheppard

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Published on: April 25, 2017

Address: 1030 Sheppard Avenue West, Unit 212
Neighbourhood: Bathurst Manor
Agent: Carlos Zapata, Pro-Verbios Enterprise
Price: $2,395 per month, plus hydro

The place

An unfurnished two-bedroom suite with wraparound windows in North York.

Here’s the living area:

The dining area is continuous with the living area:

The kitchen:

And the view from the kitchen counter:

There are two bedrooms. Here’s one of them:

And here’s the master bedroom:

And the master bedroom’s ensuite bathroom:

The history

The unit is in the Park Plaza, a nine-storey building that’s just over a decade old. The current owners, a couple who live in Richmond Hill, bought the apartment 10 years ago and lived there for three years before deciding to rent it out.

Major perk

In February, the owners renovated the apartment. They added new appliances, new floors, and decorative shutters on the windows. The project just wrapped up a couple of weeks ago, so the new tenant will be the first person to live in the refreshed space.

Possible deal breaker

The North York location might be a turnoff for those who work downtown—but in many ways, this spot is convenient: the Downsview subway station is across the street, Yorkdale Shopping Centre is nearby, and access to major highways is a cinch.

By the numbers

• $2,395 per month (excludes hydro)
• 980 square feet
• 2 bedrooms
• 2 bathrooms
• 1 balcony
• 1 rooftop patio
• 1 shared sauna

Article source: http://torontolife.com/real-estate/toronto-condo-for-rent-1030-sheppard-avenue-west/

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