REAL ESTATE PRICES UP IN APRIL
The first full month of Spring and a warmer weather brought more buzz to the real estate market – comparing both to the last month and the last year. Toronto REALTORS® reported a 1.8 per cent year-over-year increase in sales. TorontoMLS system recorded total of 9,706 transactions in April 2014, compared to 9,535 sales in the last year.
2014 APRIL 1
Meanwhile, someone paid $3M for a house just to tear it down in Vancouver …
Vancouver house that sold for $3-million in one day now faces bulldozer because it is too small
The four-bedroom West Vancouver house is perfectly sound but at 2,950 square feet, it’s well below the 5,300 sq. ft that can be built on the lot
And a bungalow that costs almost $7M in Toronto …
House of the Week: $6.8 million for a sprawling Rosedale bungalow
Address: 7 Dale Avenue
Neighbourhood: Rosedale-Moore Park
Agent: James Strathy Warren, Chestnut Park Real Estate
The Place: A 5-bedroom, 3-bathroom mid-century-style bungalow in the heart of Rosedale.
Bragging Rights: The backyard is not only well manicured, it has that ever-so-important staple of summer, a private pool. Whenever the temperatures spike—and they’re sure to do so eventually—the owner will be glad to have it.
Big Selling Point: Even for Rosedale, this is an expansive lot. It comprises 142 feet of frontage and a whopping 340 feet of depth (that’s over an acre of property, or 4,485 square metres for the metric system fanatics) in the center of the city.
Possible Deal Breaker: The floor-to-ceiling windows that let in all those beautiful garden views are not made for smudges. Follow Martha Stewart’s “simple” 8-step window-washing method for the best results. (Or, you know, get a hose and some Windex, whatever works.)
By the Numbers:
• 37,126 in taxes (2013)
• 4,485 square metres of land
• 5 bedrooms
• 3 baths
• 1 floor, for the most part
• 1 backyard pool