REAL ESTATE PRICES UP IN APRIL
The first full month of Spring and a warmer weather brought more buzz to the real estate market ā comparing both to the last month and the last year. Toronto REALTORSĀ® 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
Ā The four-bedroom West Vancouver house is perfectly sound but at 2,950 square feet, itās 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:Ā 7 Dale Avenue
Neighbourhood:Ā Rosedale-Moore Park
Agent:Ā James Strathy Warren, Chestnut Park Real Estate
Price:Ā $6,750,000
The Place:Ā A 5-bedroom, 3-bathroom mid-century-style bungalow in the heart of Rosedale.
Bragging Rights:Ā The backyard is not only well manicured, it has that ever-so-important staple of summer, a private pool. Whenever the temperatures spikeāand theyāre sure to do so eventuallyāthe owner will be glad to have it.
Big Selling Point:Ā Even for Rosedale, this is an expansive lot. It comprises 142 feet of frontage and a whopping 340 feet of depth (thatās over an acre of property, or 4,485 square metres for the metric system fanatics) in the center of the city.
Possible Deal Breaker:Ā The floor-to-ceiling windows that let in all those beautiful garden views are not made for smudges. FollowĀ Martha Stewartās āsimpleā 8-step window-washing methodĀ for the best results. (Or, you know, get a hose and some Windex, whatever works.)
By the Numbers:
ā¢Ā $6,750,000
ā¢ 37,126 in taxes (2013)
ā¢ 4,485 square metres of land
ā¢Ā 5 bedrooms
ā¢Ā 3 baths
ā¢Ā 1 floor, for the most part
ā¢Ā 1 backyard pool
