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Monthly Archives: April, 2015

10 Craiglee Dr – 3 bedroom detached home in Birch Cliff Heights **SOLD**

April 23rd, 2015 Posted by SOLD!! No Comment yet

I sometimes say that finding an ‘up-and-coming’ neighbourhood in Toronto is hard, because most neighbourhoods have already arrived. However, I think that Birch Cliff Heights (in the north-east corner of Birch Cliff) qualifies. It’s a quiet area dotted with parks, close to the Scarborough GO Station for a quick commute downtown, and close enough to both Cliffside for shopping/eating or the Beach for a fun – and it remains quite affordable.

Case in point is my new listing at 10 Craiglee Dr. It’s a three bedroom detached house with a detached garage, and has been extensively improved by the current owners. The kitchen and bathroom were both professionally renovated and the basement was totally re-done to add a fantastic extra bedroom and bathroom, all within the last year. The house also has new lighting, flooring and A/C (2012); and the basement was waterproofed in 2011. Exterior improvements include the parging and cladding (2014), roof (2013) and a French drain along the west side of the front yard.) The house looks great – the exterior was painted in 2013 – and actually is in great shape, as shown in a recent pre-listing home inspection.

It’s a short walk to the local public school, Birch Cliff Heights PS (K-8), which is set beside Highview Park. The park features a baseball diamond, a soccer pitch and water features. The local high school is Birchmount Park CI. Other local parks include Woodrow Park, Raleigh Parkette, Sandown Park and Natal Park, making this a great area for families.

All in all, at $559,900 this is great value in a neighbourhood that has been largely overlooked in favour of the better-known areas around it. With the local housing stock beginning to undergo the transformation (additions, rebuilds, etc.) seen in so many other parts of Toronto, we can expect to see a significant boost in local values in the coming years.

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This great starter is now SOLD! Are you in the market for something similar? Call me today and let’s get started!

March 2015 Market Review

April 21st, 2015 Posted by Market Review No Comment yet

As usual, real estate is much in the news these days. With the oil market correction, the media (and a few others) jumped all over the idea that the real estate market would – obviously! – experience a crash of some sort. The only question seemed to be how big.

Well, with oil seemingly stabilized in the $50-$60 range, the worst of the ‘oil shock’ could be behind us (although I’m not claiming to have a crystal ball…). And, with the exception of a couple of markets in Albert (which are not Toronto), real estate has once again defied the doom-sayers.

Toronto, as usual, showed its strength. According to TREB’s stats for March, 2015, sales volume (number of sales) was up 11%, to 8,940 transactions. New listings edged up 5.5%, but they remain short of demand. The result was a 10% year-over-year increase in the average sale price, to $613,933.

Since averages can sometimes give a bit of a muddled picture, TREB also breaks down sales by type and weights that average. For example, the average price of a detached house was up 15.9%; that has a strong lifting effect on the over-all average for the Board. Balanced against the other housing types, the Index showed a 7.9% increase across the Board (7.8% in the 416).

Still, a roughly 8% increase over last year is hard to keep up with. If you already own real estate, it’s great, but for first-timers it can be hard. That could be why we are starting to see more interest in areas not famous for their hot real estate prices. We know that Leslieville, Riverdale, Swansea and High Park are always going to draw top dollar. But these days we’re seeing hot competition in neighbourhoods like Birch Cliff Heights and Ionview (in Scarborough). There are still areas around town where one can get a great house at a great price.

There are countless people who want to live downtown and are willing to live in small spaces – and Toronto needs them to keep the core vibrant. I don’t want to take anything away from that, and I hope that this apparent shift happening among condo developers, who are starting to offer slightly larger units, is real. But there are loads of other folks who want a low-rise home. You folks shouldn’t be scared away by the average price increases, and don’t be intimidated by the nay-sayers. Real estate markets absolutely do go through corrections from time to time, but there’s no reason to think that Toronto is about to go down the tubes. This is too fantastic a city for that! 😉 The relentless strength of the Toronto real estate market is a testament to the value offered here. Expect prices to continue trending upwards in coming years.

Drysdale Cres – fab 3 bedroom backsplit **SOLD**

April 7th, 2015 Posted by SOLD!! No Comment yet

Hillcrest Village in North York was developed through the 1960s. The western part includes a beautiful development of mostly bungalows and backsplits built on 50×120 lots, which are now spotted with mature trees ranging from pines to cedars to maples. Winding roads, crescents and cul-de-sacs make for a picturesque tour of a family-friendly neighbourhood. In recent years, the trend has been to renovate/expand (or completely re-build) the original homes, slowing turning the area into a neighbourhood of million-dollar homes.

This house on Drysdale Crescent is one of those classic three bedroom back-splits. Set on the northern part of the street, and featuring a cedar-lined back yard, it has been freshly painted and prepped throughout. The home features two newer baths, hardwood floors, a large rec room, and loads of storage. This one truly is move-in ready. Live in it as-is, or take advantage of the large, beautiful lot and do that expansion – build your dream home! This house gives you all the options.

Beyond the house itself, the area offers a fantastic lifestyle. Loads of amenities are within easy walking distance, including schools (elementary Cresthaven PS, intermediate Zion Heights JHS,  secondary AY Jackson), shopping, parks, a couple of TTC bus options and the Old Cummer GO station – which will have you downtown in 40 minutes. If you are an outdoors type you can easily access the Don Valley trail system. If you want to drive downtown or escape the city, the DVP/404 is five minutes away.

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After a boat-load of showings we got 3 offers on this great house and sold it firm on offer night!