Sale of the Week: The $2.7-million King West penthouse that’s fit for a socialite

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Published on: October 31, 2016

Address: 8 Charlotte Street, Penthouse 2
Neighbourhood: King West
Agent: Rizwan Malik, Sotheby’s International Realty Canada, Brokerage
 
 
 

The property

A penthouse that has been transformed into the ultimate bachelor pad.

Tbe entranceway looks it was designed by Tim Burton:

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The unit has a large, open living area:

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

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And another:

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The history

The seller has lived in the unit for three years, and he has made lots of customizations.

The fireplace, surrounded with marble and stainless steel, is modelled after a similar one in the building’s lobby:

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The master bedroom now looks directly into the smoky glass shower:

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And the super-modern kitchen makes full use of the 12-foot ceilings:

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Now, the seller is transitioning to a house, for more space and privacy.

The fate

The buyer is a Toronto socialite who plans to increase the penthouse’s luxury factor even further: on the 1,800-square-foot terrace, he’s putting in a private pool.

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The sale

There were six showings and two offers, both of which were over asking. The winning offer works out to a bit more than $1,300 per square foot, which, according to the selling agent, is a record price for both the building and the neighbourhood.

By the numbers

• $2,652,500
• $13,477.39 in taxes (2016)
• 2,032 square feet
• 1,800-square-foot terrace
• $1,301.37 in montly maintenance fees
• 3 bedrooms
• 3 bathrooms
• 2 parking spaces

The Hunt

Article source: http://torontolife.com/real-estate/condos/toronto-condo-sold-8-charlotte-street/

Condo of the Week: $1.25 million for a spacious Beaches loft in a former bowling alley

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Published on: October 28, 2016

Address: 1852 Queen Street East, Unit 303
Neighbourhood: The Beaches
Agent: Andrew Walker, Royal LePage Signature Realty, Brokerage
Price: $1,249,000
Previously sold for: 1,030,000, in 2011

The place

A loft on the third floor of a 1920s building.

Here’s the dining area:

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There’s a small office nook:

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The kitchen has a wine fridge with space for 160 bottles:

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The master bedroom is upstairs:

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The owner installed a steam shower in the master en suite:

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The master bedroom has a door to a terrace:

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The story

The building had lots of uses throughout the 20th century—it was, at different times, a bowling alley, a dance studio and a boxing gym—but it was vacant when Streetcar Developments found it in the early 2000s. The developer converted the space into 12 apartments. This unit’s owner, a single professional woman, bought the loft in 2011. She’s selling so she can buy a house with her son and his partner.

Big selling points

It’s hard to find windows this size (18 feet tall, to be exact):

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Plus, the space has all the features loft buyers love: hardwood floors, wood-beamed ceilings and exposed brick walls. On muggy summer days, reprieve at Woodbine Beach is a six-minute walk away.

Possible deal breaker

The loft isn’t exactly family-friendly, with just a single master bedroom on the second floor and no conversion-ready den.

By the numbers

• 1,674 square feet
• 260-square-foot private patio
• 160-bottle wine fridge
• 20-foot ceilings
• 18-foot windows
• 2 bathrooms
• 1 bedroom
• 1 parking space

Obsessed With Toronto Real Estate?

Article source: http://torontolife.com/real-estate/condos/toronto-condo-for-sale-1852-queen-street-east/

A McCain Foods heiress is selling her Summerhill condo

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Published on: October 28, 2016

Ann McCain, one of five children of McCain Foods co-founder Harrison McCain, doesn’t have the same stormy public profile as her cousins Michael (the recently divorced Maple Leaf Foods CEO, who just bought himself a new bachelor pad) and Eleanor (currently in the process of battling her ex, Jeff Melanson, in family court), but she does have the top-floor unit in a swanky boutique condo building near Yonge and St. Clair.

The penthouse is back on the market for $3.695 million, after failing to sell for a higher price in the spring. It’s one of just six units in a six-storey building at 9 Jackes Avenue, originally developed by luxury condo king Shane Baghai. The unit has three gas fireplaces, hardwood floors, and a giant covered terrace with a view of downtown.

McCain, who is a director of the McCain Foundation, closed on the property in September 2015, for $3.55 million. She and her husband, Christopher Evans, are the registered owners of a house on nearby Farnham Avenue, a five-minute walk away from 9 Jackes, which they’ve had since 1997.

McCain’s listing agent, James Molloy, wouldn’t comment on her ownership of the penthouse, and wouldn’t go into detail about her reasons for selling it so soon after buying it. “They bought it and they decided they didn’t need it,” he said. “No one’s ever lived there.”

Article source: http://torontolife.com/real-estate/condos/mccain-foods-heiress-selling-summerhill-condo/

House of the Week: $2.4 million for a grand old Victorian near Christie Pits

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Published on: October 26, 2016

Address: 646 Euclid Avenue
Neighbourhood: Christie Pits
Agent: Errol Paulicpulle and Blair Alexandra Laursen, Harvey Kalles Real Estate Ltd., Brokerage
Price: $2,399,900
Previously sold for: $862,000, in 2006

The place

A Victorian with major curb appeal—oh yeah, and a turret.

The history

At some point in its history, the home, originally built in 1906, was converted into a legal duplex. It has two separate units with two separate entrances. Although the interior has been extensively renovated, some original touches remain, like the stained glass windows in the main floor bedroom and living room:

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Here’s the main-floor kitchen:

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There’s also a bedroom on the main floor, with a bit more stained glass:

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There’s plenty of storage in the basement:

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The basement sitting area:

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And there are two more bedrooms in the basement. Here’s one of them:

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And the other:

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There’s also an office that could probably be pressed into service as another bedroom:

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The basement bathroom is covered in trendy subway tile:

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The duplex’s second unit takes up the second and third floors. Here’s one of the second-floor bedrooms:

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The second-floor master bedroom. Gotta love that fireplace:

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And the second-floor kitchen:

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There are two more bedrooms on the third floor. This one has a sliding door that leads to a rooftop patio:

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And this bedroom has a cool exposed brick wall and a ladder to nowhere:

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The third-floor bathroom:

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And here’s the patio:

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Big selling point

The home’s classic Victorian style is so grandiose that it could easily be a setting in Murdoch Mysteries.

Possible deal breaker

Right now, the property doesn’t have any tenants, which would make it easy for the buyer to move in. But anyone looking for immediate rental income would have to set their own rent and find their own renters.

By the numbers

• $2,399,900
• $8,375.17 in taxes (2016)
• 110 years old
• 7 bedrooms (three in one unit, four in another)
• 4 bathrooms (two in one unit, two in another)
• 2.5 storeys
• 2 parking spaces

The Hunt

Article source: http://torontolife.com/real-estate/houses/toronto-house-for-sale-646-euclid-avenue/

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