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Realty

Toronto Rental Market Collapsing ?

November 28, 2013 7:31 pm
Market, Rent

Weakening rental picture latest condo market worry

There are signs that rents in Toronto’s condo market are on the verge of decreasing, at a time when new landlords are already dealing with low returns, a new report says.

The idea that the condo rental market might be tipping in favour of renters runs counter to the general belief among economists and industry experts that the condo rental market is strong, and that rents are rising.

β€œWe believe the rental market may be at an inflection point,” says the report by Veritas Investment Research analyst Ohad Lederer. β€œOur weekly review of condo β€˜for rent’ postings on craigslist.org indicate an approximate doubling of the number of condo listings in late 2013 versus late 2012.”

Toronto’s condo market, with its abundance of cranes and construction sites, has long been a concern for policy makers in Ottawa. If it is indeed at an inflection point, that could have serious implications for the market.

β€œWe believe recent claims of robust rental market increases should be taken with a grain of salt,” the report says. β€œWe looked at 47 buildings for which we were able to compare current β€˜for rent’ postings to the data we collected as part of our October 2012 data sample. Within those 47 like-to-like buildings, controlling for unit size where possible, per square foot rents declined 1.6 per cent.”

This comes at a time when someone buying a condo in Toronto as an investment stands a one-in-two chance of enduring negative cash flows each month of more than $200, according to the report.

β€œNew condo landlords in Toronto today can expect going-in unlevered cap rates around, and often below, the dividend yield on a typical bank stock or residential REIT,” it says. β€œInvestor owners are accepting returns below available REIT yields despite the illiquidity, lack of diversification, and operational risks of owning a unit directly.”

The report illustrates the potential implications of these factors in one worrisome chain of events: β€œIn one possible scenario, the Toronto rental market may no longer absorb supply as it comes on-stream, resulting in lower rents and increasing cash outflows for landlords, who then decide to sell, at first in a trickle and then in a thunderous herd.

β€œIn this scenario, condo prices could drop dramatically, given relatively small unit sizes that do not attract a wide segment of potential buyers and the already weak underlying fundamentals.”

Veritas suggests that such a scenario would have implications for Canada’s banks. β€œBanks with large relative exposures could endure higher loan losses,” the report says. β€œ[Bank of Nova Scotia], for instance, and [Canadian Imperial Bank of Commerce] have slightly larger uninsured condo balances relative to common equity.

β€œConcurrently, or independently, buyers of unfinished condos may have trouble closing, for a variety of reasons,” the report adds. β€œDepending on market conditions, private developers may absorb significant losses, and banks that lend at high [loan-to-values] can be expected to share in those losses.”

The researchers found that mortgage pre-approvals were not needed to buy condos, adding to the risk that some buyers who have bought condos that have not yet been built will not close on the deal.

A number of economists and industry experts suggest that the potential scenario Veritas spells out is a highly unlikely extreme, but they concur with the notion that the condo rental market in Canada’s most populous city will likely weaken to some degree over the next two years.

β€œI agree that the rental market will not be as strong in 2014, 2015,” said Canadian Imperial Bank of Commerce economist Benjamin Tal. That’s because the number of new condos coming on stream is forecast to be very high in the coming years.

β€œThis is a market that hasn’t been tested yet,” he said. β€œAnd the test will be when we get extra supply in the next year or two, that’s when you will test the willingness of investors to be in this market given that rents probably won’t be rising at today’s pace.β€œ

But he does not believe that there will be a crash in the rental market, and that’s because he thinks young people will increasingly have to rent rather than buy.

β€œYoung people now cannot afford to buy a house,β€œ Mr. Tal said. β€œEven young married couples. They will be renting more than buying. I think Canada’s homeownership rate of 70 per cent has peaked.β€œ

Read MoreΒ http://www.theglobeandmail.com/

For many OECD countries, however, β€œthe ratio of house prices to rentsβ€”a typical measure of house price valuationβ€”remains above historical averages, leaving room for price corrections down the road.”

Take a look atΒ CanadaΒ in the chart below. The country’s ratio is 85% above the average.

cotd price to rent

Listings for Thu Nov 28

Open Map

C2762494 – M1C – 104 DREWRY AVE Toronto, Ontario – $ 869,000

Price Change. Oct 16: $ 789,000 Nov 28: $ 869,000 Oct 25: $ 889,000
Well Maintained Detached Bungalow Close To Yonge St, Large Lot With Very Private Backyard. Walking Distant To Finch Subway Station, Shoppings, Restaurants …

C2762494 GoogleMap

C2767671 – M3J – 20 ANETA CIRC Toronto, Ontario – $ 1,099,000

Price Change. Nov 28: $ 1,099,000 Nov 19: $ 1,149,000 Oct 30: $ 1,230,000 Oct 22: $ 999,000
Location,Location,Location!This Immaculate Lot 60 X 115 In The Heart Of Willowdale Is Ready To Be Given A New Breath Of Life.Builders/Renovators …

C2767671 GoogleMap

C2781139 – M4S – 315 SOUDAN AVE Toronto, Ontario – $ 819,000

Price Change. Nov 28: $ 819,000 Nov 12: $ 829,900 Nov 9: $ 899,900
Wonderful Location. A Close Walk To Great Restaurants, Shops, Doctors, Bars, And A One Major Street From Yonge And Eglinton …

C2781139 GoogleMap

C2784880 – M2K – 17 BRUCEDALE CRES Toronto, Ontario – $ 1,198,000

Price Change. Nov 28: $ 1,198,000 Nov 15: $ 1,250,000
Stunningly Smart Reno Top-To-Bottom >>> Professionally Landscaped Frontyard >>> Hi-End Finishes + Jenn-Air Appliances >>> …

C2784880 GoogleMap

C2787367 – M3A – 272 ROYWOOD DR Toronto, Ontario – $ 468,800

Price Change. Nov 20: $ 459,900 Nov 28: $ 468,800
Fabulous 4 Bdrm Backsplit With 3 Full Baths In A High Demand Neighbourhood. Beautifully Maintained Home, Spacious ,Clean & Bright!! …

C2787367 GoogleMap

C2791954 – M4P – 36 ROWLEY AVE Toronto, Ontario – $ 1,949,000

Absolutely Stunning 4 Bdrm Custom Home Built W/Outstanding Quality, Taste & Workmanship. Aprx 4000 Sqft Living Space Above Ground. 10 Ceiling, Main & …

C2791954 GoogleMap

C2791959 – – $ 1,879,000

Rarely Available, Bright & Sunny Lot On Coveted South Side Of Roxborough Backing Onto Ramsden Park; Spacious 3-Storey Century Home W/ Many Charming …

C2791959

C2792042 – M2H – 96 FRESHMEADOW DR Toronto, Ontario – $ 500,000

Location! Location! Location! Walking Distance To Ttc/Shops/School/Parksouth Facing …

C2792042 GoogleMap

C2792134 – M6J – 144 BEACONSFIELD AVE Toronto, Ontario – $ 799,900

*Victorian Beauty* * Pride Of Ownership* Double Block Garage With Lane*Parquet Floors Thru-Out* Professionally Finished Bsmt With Walk-Out * 2 New …

C2792134 GoogleMap

C2792222 – M2R – 31 FLOOK LANE Toronto, Ontario – $ 709,000

Show 10+++! Luxury Aspen Ridge 3 Storey Townhouse Loaded W/Over $ 35,000 In Upgrades Including Gourmet Kitchen, Centre Island W/Granite, New Hardwood …

C2792222 GoogleMap

C2792282 – M3H – 68 CLANTON PARK RD Toronto, Ontario – $ 885,000

Fantastic Opportunity And Great Value In This Desirable Growing Neighbourhood. Beautiful Family Home. Spacious Sunfilled Kitchen W/New S/S Appliances & …

C2792282 GoogleMap

C2792301 – M2P – 11 DANVILLE DR Toronto, Ontario – $ 1,329,000

Fantastic St. Andrews Raised Bungalow On Large Lot. Perfect 4+1 Bedroom Family Home. Updated Thruout In And Out, Renovated Kitchen & Bathrooms, Walk-Out …

C2792301 GoogleMap

C2792341 – M5M – 248 YONGE BLVD Toronto, Ontario – $ 1,425,000

Warm, Family, Centre Hall Residence On Mature Landscaped Lot On Low Traffic Street In Prime β€œβ€Cricket Club”” Area. 4 Bedrms Up (One More In Lower …

C2792341 GoogleMap

C2792357 – M6J – 56 NORTHCOTE AVE Toronto, Ontario – $ 599,900

Charming Renovated 2 Bedroom Row House – Perfect Condo Alternative! Main Floor With Open Concept Living And Dining Areas With Coffered Ceiling. Eat-In …

C2792357 GoogleMap

C2792425 – M5M – 375 BROOKE AVE Toronto, Ontario – $ 1,989,000

Fantastic Opportunity In The Neighbourhood! This Custom Built Beauty Sits On One Of The Most Desired Streets In The Area & Showcases The Finest Of …

C2792425 GoogleMap

C2792444 – M6P – 50 MERCHANT LANE Toronto, Ontario – $ 439,000

Extensively Renovated Junction Triangle Townhouse – This Stylish 2 Bedroom Home + Den W/ Loft Features A Rooftop Patio W/ Gas Bbq, Underground Parking …

C2792444 GoogleMap

C2792530 – M5A – 336 CARLTON ST Toronto, Ontario – $ 999,990

Live On A Quiet Stretch Of Carlton In Toronto s Historically-Rich & Vibrant Cabbagetown! Bright & Contemporary 3-Storey Home W/Tons Of Modern Essentials, …

C2792530 GoogleMap

C2792580 – M4N – 80 ROSLIN AVE Toronto, Ontario – $ 899,000

Throw Away Your Car Keys! One Block To Yonge St, 5 Minute Walk To Lawrence Subway Station, Excellent Local Shopping, Eclectic Restaurants, Schools, …

C2792580 GoogleMap

E2774340 – M4L – 3 HARTFORD AVE Toronto, Ontario – $ 819,900

Price Change. Nov 28: $ 819,900 Oct 31: $ 839,000
This Charming Three Bedroom Home Represents The Finest Of Opportunities In The Beaches. Large Two Storey On A Quiet Street With An Updated Eat-In …

E2774340 GoogleMap

E2788875 – M1C – 28 MCGRATH CRT Toronto, Ontario – $ 609,900

Price Change. Nov 22: $ 589,900 Nov 28: $ 609,900
Stunningly Renovated, 4 Bdr Home In The Sought After West Rouge/ Centennial Community.This Home Has Almost Everything New In The Last 2 Years. Gourmet …

E2788875 GoogleMap

E2791939 – M1W – 3085 BRIDLETOWNE CIRC Toronto, Ontario – $ 299,900

Prime Location Directly Across From Bridletowne Mall, Spacious 4 Bedrooms Unit, Mostly Newer Windows,37Newer Furnace And Cac Unit, Updated Electrical …

E2791939 GoogleMap

E2791965 – M1E – 5 MCMILLAN AVE Toronto, Ontario – $ 1,149,900

Brand New Customize Home, Looks Rich & Royal ! Home In Desired Neighbourhood. Designed For Elegant Living, Spacious Layout, Unique Design & Quality …

E2791965 GoogleMap

E2791982 – M1B – 205 MAMMOTH HALL TR Toronto, Ontario – $ 315,000

Perfect Home For A First Time Buyer. Bright And Spacious 4 Bedrooms Home, Located Near To All Amenities, Including Ttc, Shopping, Mall, 401 & School. Car …

E2791982 GoogleMap

E2792038 – M4L – 113 HIAWATHA RD Toronto, Ontario – $ 699,000

Absolute Amazing Property At This Price!! One Of The Largest Property In This Neighbourhood. Need Tlc, Investors/Renovators …

E2792038 GoogleMap

E2792062 – M1B – 48 APPLEMORE RD Toronto, Ontario – $ 510,000

β€œβ€Location ! Location”” Neutral Decor, Lots Of Sunshine, Well Maintained Home, Just Move Right In. Close To …

E2792062 GoogleMap

E2792068 – M1B – 9 WINSTANLY CRES Toronto, Ontario – $ 379,900

Cllarge Pie Shaped Lot! Oversized Workshop Garage! …

E2792068 GoogleMap

E2792081 – M1C – 35 HAVILAND DR Toronto, Ontario – $ 635,000

Welcome Home! Spectacular – Demand Centennial/West Rouge! Spacious & Bright! Fabulous Layout! Gleaming Hardwood! Interlocking Stone! Private Treed Fenced …

E2792081 GoogleMap

E2792096 – M1G – 246 CONFEDERATION DR Toronto, Ontario – $ 399,000

Gorgeous, Solid, Spacious 3 Bdrms + 2 Washrooms Bungalow Recently Updated. Home Built And Maintained With Pride! Located In A Quiet Family Neighborhood …

E2792096 GoogleMap

E2792099 – M1N – 3 SOUTH BONNINGTON AVE Toronto, Ontario – $ 459,900

Beautiful, Well Maintained, Birchcliffe 2 Storey Brick Home, Gorgeous Japanese Inspired Landscaped Back Yard With Pond. Huge Eat In Kitchen On Main …

E2792099 GoogleMap

E2792104 – – $ 389,900

Built In 1962 Original Owner Is Retiring. Not A Lot Of Updates But This Home Is Immaculate, No Clutter & Has Always Been Well Maintained. Roof …

E2792104

E2792116 – M1C – 10 ELKWOOD DR Toronto, Ontario – $ 499,900

Your Search Is Over! Pride Of Ownership Beams Through This Spotless 3 Bdrm 2 Bath Home In Gorgeous Centennial! Original Owners Have Cherished This Beauty …

E2792116 GoogleMap

E2792119 – M1E – 11 CULTRA SQ Toronto, Ontario – $ 280,000

Renovate To Suit, The Home Needs Tlc, It Has Newer Windows, Newer Roof And Newer Siding But The Inside Needs Help, The …

E2792119 GoogleMap

E2792131 – M4M – 208 PAPE AVE Toronto, Ontario – $ 1,049,900

South Riverdale W/Studio! Contemporary Fluid Space Defined By Custom Finishes. Stunning Kitchen Reno W/Corian Counters & Mosaic Backsplash, Main Flr …

E2792131 GoogleMap

E2792152 – M1M – 78 SCARBOROUGH HEIG BLVD Toronto, Ontario – $ 539,000

Bluffs Home South Of Kingston Rd With Updated Kitchen, Updated Bathrooms, Updated Windows, Newly Refinished Hardwood Floors And Freshly Painted. Basement …

E2792152 GoogleMap

E2792182 – M1E – 63 GLORY CRES Toronto, Ontario – $ 365,000

Gorgeous Bungalow On Oversized Corner Lot, Updated Kitchen, Immaculate Finished Basement With 3 Pc Bath And …

E2792182 GoogleMap

E2792203 – M1E – 31 WOODGROVE DR Toronto, Ontario – $ 489,900

Ravine Lot With A Beautifully Renovated Bungalow Featuring A New Kitchen(2013) Granite Counters, Travertine Tile Floor, Updated Bathrooms, Hardwood …

E2792203 GoogleMap

E2792223 – M4B – 190 PARKVIEW HILL CRES Toronto, Ontario – $ 995,000

Parkview Hill Ravine All Brick Home, 3 Plus One Bedroom, 2 Gas Fireplaces, Updated Kitchen With Granite Counters And Backsplash. Hardwood Floors, …

E2792223 GoogleMap

E2792231 – M4K – 9 BROWNING AVE Toronto, Ontario – $ 989,000

Fantastic Opportunity To Own This Meticulously Maintained Detached Home In Playter Estates, Jackman School District. Large 5 Bed, 2 Bath Family Home. …

E2792231 GoogleMap

E2792249 – M4J – 238 LINSMORE CRES Toronto, Ontario – $ 649,000

Backing Onto Dieppe Park. Newly Renovated Detached Home On A Deep Lot. This Home Offers 3 Generous Sized Bedrooms, Large New Windows, His/Her Closets In …

E2792249 GoogleMap

E2792256 – M4E – 31 GLENMOUNT PARK RD Toronto, Ontario – $ 699,000

A Lovely Family Home In A Secluded, Park-Like Setting Near Love Cres Parkette. Dramatic, Renovated Kitchen. Ample Storage. Walkout To Private Deck …

E2792256 GoogleMap

E2792279 – M1J – 1495 DANFORTH RD Toronto, Ontario – $ 399,000

Detached Bungalow! Danforth Ave/Lawrence. 3+2 Bedroom, 2 Washrooms, 2 Kitchen. Furnace 2009, Air Condition 2008. Near …

E2792279 GoogleMap

E2792310 – M1H – 77 PANDORA CIRC Toronto, Ontario – $ 489,000

Location!!! Location!! **Excellent Opportunity To Own Absolutely Gorgeous & Upgraded ($ 85000)Executive 3 Bedroom Bungalow House With Newer Finished …

E2792310 GoogleMap

E2792320 – M4C – 353 LUMSDEN AVE Toronto, Ontario – $ 499,000

Beautiful Home! Over $ 100,000 Spent On Renovations. Gorgeous Gourmet Kitchen With Granite Countertops. Gleaming Hardwood Floors. Fantastic Home To …

E2792320 GoogleMap

E2792359 – M1H – 6 EASTPARK BLVD Toronto, Ontario – $ 459,900

A Fabulous Bedrooms Home On A Premium Lot In A High Demand Neighborhood! *Amazing Hardwood Floors Throughout* Kitchen With Oak Cabinetry, Ceramic …

E2792359 GoogleMap

E2792373 – M4L – 74 KINGSMOUNT PARK RD Toronto, Ontario – $ 599,900

…

E2792373 GoogleMap

E2792414 – M4M – 1185 QUEEN ST E Toronto, Ontario – $ 688,000

New Custom Townhouse, Never Lived In, Stylish And Contemporary In The Leslieville Film District. Prime End Unit Featuring Luxurious Living Space, …

E2792414 GoogleMap

E2792417 – M4L – 52 COLUMBINE AVE Toronto, Ontario – $ 949,900

Client Remks:Stunning 4 Bed, 4 Bath, 3 Story Home W/Exposed Brick Running Up Entire 3 Floors! Meticulously Renovated Home W/Top Of The Line Fixtures And …

E2792417 GoogleMap

E2792428 – M1K – 45 CHIPPER CRES Toronto, Ontario – $ 549,000

Fabulous Scar. Bungalow With Two Kitchens 5 Bedrooms And An Inground Swimming Pool. The Fully Renovated Kitchens And Bathrooms Make This A Great Single …

E2792428 GoogleMap

E2792491 – M4L – 2 OLIVER MEWS Toronto, Ontario – $ 625,000

Incredibly Rare Opportunity To Finish This Brand New Luxury Townhome To Your Taste & Style!! Approx 3800 Sf On 4 Levels. Tucked Away In A Wonderfully …

E2792491 GoogleMap

E2792498 – M4L – 12 OLIVER MEWS Toronto, Ontario – $ 725,000

Wow! Wait Until You See This Brand New Upper Beaches Luxury Townhome! Approx 2260 Sf Of Superbly Finished Living Space On 4 Finished Levels. Tucked …

E2792498 GoogleMap

E2792527 – M4L – 24 OLIVER MEWS Toronto, Ontario – $ 600,000

Incredibly Rare Opportunity To Finish This Brand New Luxury Townhome To Your Taste & Style! Aprox 1930 Sf On 4 Levels. Tucked Away In A Wonderfully …

E2792527 GoogleMap

E2792532 – M4L – 36 OLIVER MEWS Toronto, Ontario – $ 775,000

This Premium End Unit At Oliver Mew Is Fabulous! Tucked Away In A Wonderfully Private Courtyard Setting Of Only 18 Luxury Townhomes. Approx 2690 Sf Of …

E2792532 GoogleMap

E2792560 – M4K – 163 LANGLEY AVE Toronto, Ontario – $ 799,000

Fab 2.5 Storey Solid Brick Semi On Neighbour Friendly Street. Reno d…Top To Bottom. Great Mix Of Contemporary Style & Functional Living. Bright …

E2792560 GoogleMap

E2792566 – M1N – 48 QUEENSBURY AVE Toronto, Ontario – $ 579,900

Full Of Light & Sparkle For The Season And Ready To Welcome A New Family Home For The Holidays – This Fabulous Detached Home Is On One Of Birchcliff s …

E2792566 GoogleMap

E2792586 – M4C – 45 DUNKIRK RD Toronto, Ontario – $ 989,000

Huge Custom Finished Home In Prime East York Location. 4 Bedrooms, 5 Bathrooms. Unique Feature: Has Two Master Bedrooms Complete With Ensuites And …

E2792586 GoogleMap

W2764163 – M6E – 305 BOON AVE Toronto, Ontario – $ 499,000

Price Change. Oct 17: $ 474,000 Nov 28: $ 499,000
To All Renovators Look No Further Detached Home In The Heart Of Corso Italia With Great Opportunities …

W2764163 GoogleMap

W2769370 – M9P – 127 SUN ROW DR Toronto, Ontario – $ 695,000

Price Change. Nov 28: $ 695,000 Nov 16: $ 705,000 Oct 30: $ 715,000 Oct 25: $ 727,500
Enjoy This Absolute Impecable Well Maintained Home, Premium Lot 48X115,6/3 Rooms Detached, Bright & Sunny, Eat-In Kitchen Plus Combine Working Area …

W2769370 GoogleMap

W2781682 – M3L – 36 LONEY AVE Toronto, Ontario – $ 695,000

Price Change. Nov 28: $ 695,000 Nov 10: $ 725,000
Architecturally Designed + Fully Renovated From Top To Bottom. 3 Bedroom + 2 Full Bathrooms On Main Floor. Gorgeous 2nd Master W/ Own Bathroom On 2nd …

W2781682 GoogleMap

W2784002 – M9B – 366 THE EAST MALL Toronto, Ontario – $ 281,900

Price Change. Nov 28: $ 281,900 Nov 15: $ 285,900 Nov 14: $ 288,900
This Ground Level Formerly 3 Bedroom Plus Den Where The Bedroom On The Main Level Was Opened Towards The Living Room Creating A More That 13 By 19 Feet …

W2784002 GoogleMap

W2784249 – M8W – 31 FOCH AVE Toronto, Ontario – $ 544,900

Price Change. Nov 28: $ 544,900 Nov 14: $ 558,800
Large, Bright,3 Bdrm Carpet Free Home In Prime Alderwood Location!Custom Kit.W/Granite Counters,4 S/S Appliances, Glass Tile Backsplash,Det.2 Car …

W2784249 GoogleMap

W2787555 – M9V – 2901 KIPLING AVE Toronto, Ontario – $ 119,900

Price Change. Nov 28: $ 119,900 Nov 26: $ 124,900 Nov 23: $ 129,000 Nov 20: $ 131,900
Great Value: Truly Gorgeous & Spacious Unit In A Luxury Building. Renovated. New Ceramic …

W2787555 GoogleMap

W2791945 – M9A – 11 NORTH DR Toronto, Ontario – $ 3,500,000

Build Your Dream Home On This Prestigious Street That Has Million Dollar Homes. Design/Build Services Available With Prince Bay Luxury Homes. A Fantastic …

W2791945 GoogleMap

W2792066 – M6H – 331 WESTMORELAND AVE Toronto, Ontario – $ 735,000

Remarks For Clients: Spacious,Beautiful Detached Home! In A Great Location! Midtown Toronto! Ideal For 1 Or 2 Families!Large Front Yard For A Garden And …

W2792066 GoogleMap

W2792091 – M8X – 7 HIGHGATE RD Toronto, Ontario – $ 999,000

Amazing Entree Into The Highly Desirable Kingsway Community. Renovated Kitchen And Baths. Spacious Principle Rooms. Gorgeous Wall Of Built-Ins In The …

W2792091 GoogleMap

W2792154 – M9B – 8 BLAKETON RD Toronto, Ontario – $ 639,000

First Time Offered Since 1956. This Central Etobicoke Burnhamthorpe Gardens Neighbourhood Is Offering A 3 Bedroom Brick Bungalow On An Exceptional 60 …

W2792154 GoogleMap

W2792166 – M8Z – 50 EDGECROFT RD Toronto, Ontario – $ 599,000

Charming Detached Brick Bungalow In Queensway Village. Huge 41 X 133 Ft Fully Fenced Lot With Large Detached Garage. Tastefully Renovated Ready To Move …

W2792166 GoogleMap

W2792170 – M9V – 25 BATAWA CRES Toronto, Ontario – $ 474,868

Great Location- Large Detached Bungalow With Good Size Rooms. Original Hardwood Under Carpet. Basement With …

W2792170 GoogleMap

W2792179 – M8V – 130 TENTH ST Toronto, Ontario – $ 459,900

Gorgeous Daniels Built Townhome! Gleaming Hardwood Floors Throughout! Open Concept Kitchen With Island And Walk-Out To Sunny South Facing Deck. Large …

W2792179 GoogleMap

W2792219 – M6M – 222 AILEEN AVE Toronto, Ontario – $ 399,000

Great Family Home That Features 2+1 Bedrooms. 2 Bathrooms, Crown Mouldings, Upgraded Casing And Trim. Wainscotting, Pot …

W2792219 GoogleMap

W2792305 – M3N – 44 WILMONT DR Toronto, Ontario – $ 450,000

Spacious, Well Maintained Detached 4-Bedroom Home With Single Attached Garage On A Large 60 Foot Lot. This Home Features A Family Sized Kitchen, Hardwood …

W2792305 GoogleMap

W2792325 – M3N – 55 LASKAY CRES Toronto, Ontario – $ 375,000

Spacious And Lovingly Maintained Family Home With Potential For Inlaw Apt. Features Include: Professionally Finished Basement; Gleaming Hardwood Floors …

W2792325 GoogleMap

W2792346 – M6R – 50 MACDONELL AVE Toronto, Ontario – $ 650,000

2 Storey Home On Macdonell Ave. Tree Lined Community In Roncesvalles Village. Some Original Charm. High …

W2792346 GoogleMap

W2792396 – M9C – 74 OLD BURNHAMTHORP RD Toronto, Ontario – $ 699,900

Newly Renovated Bungalow On Prestigious Markland Wood Area!! Excellent Location!! Large Lot,Safe & Quiet Neighborhood.Clean ,Spacious & Sun Filled Warm …

W2792396 GoogleMap

W2792410 – M3M – 6 SENTINEL RD Toronto, Ontario – $ 289,900

** Spacious End Unit Home ** Near Keele And Sheppard ** New Subway Line Coming! ** Great Future Investment! ** Newly …

W2792410 GoogleMap

W2792576 – M3L – 120 DOLORES RD Toronto, Ontario – $ 509,900

Outstanding Spacious And Comfortable Home With A Great Layout. Fully Fenced For Privacy. Freshly Painted With A Completely Fin Bsmt Along With A Sep Ent. …

W2792576 GoogleMap

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