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A Tiny Price Cut Moves a Big Casa Loma Home

POSTED ON March 27th  - POSTED IN Done Deals, Elli's Archives, Featured News, Toronto Real Estate News

337 SPADINA RD., TORONTO

  • ASKING PRICE $1,195,000
  • SELLING PRICE $1,190,000
  • PREVIOUS SELLING PRICE $691,588 (1999)
  • TAXES $8,429 (2011)
  • DAYS ON THE MARKET 67
  • LISTING AGENT Elli Davis, Royal LePage Real Estate Services Ltd
Done Deal 337 Spadina Road

Done Deal 337 Spadina Road

The Action

Situated across the street from Sir Winston Churchill Park and down the street from St. Clair West subway station, this four-storey executive townhouse was initially listed for over $1.2-million. After visits from roughly 40 shoppers and a price reduction to $1,195,000, it ultimately sold for $1,190,000.

What They Got

In a row of 12-year-old townhouses, this roughly 3,000-square-foot residence has a fairly standard plan with three bedrooms, four bathrooms and several entertaining areas indoors and out, plus nine-foot ceilings with pot lights throughout, an elevator and access to a double garage off the lower-level recreation room.

At street level, there is a foyer and library with limestone floors.

Hardwood floors flow throughout the second level where there is a dining room with decorative wainscoting and under valance lighting, and a central kitchen with stainless steel appliances, including a gas stove, and granite counters overlooking a sunken living room with a gas fireplace and terrace doors.

Sleeping quarters consist of two bedrooms on the third floor, along with a laundry room, and a sky-lit master suite on the fourth floor with his-and-her closets, a five-piece bathroom and a wide deck.

The property was also outfitted with central vacuum, sound and security systems.

The Agent’s Take

“Three thirty-seven Spadina was beautifully located in Forest Hill near Spadina and St. Clair,” says agent Elli Davis. “You can walk to Forest Hill Village, Winston Churchill Park, St. Clair [West] subway, Loblaws and the Joe store.”

This townhouse also had many modern comforts and conveniences buyers wanted. “Features include four levels, an elevator and double garage attached,” says Ms. Davis. “It’s perfect for downsizers or someone who doesn’t want the maintenance of a home, but doesn’t want a condo either.”

Posted in Globe and Mail, Mar. 22, 2012

Nine Visitors to One Bedford, One Buyer

POSTED ON March 26th  - POSTED IN Done Deals, Elli's Archives, Featured News, Toronto Real Estate News

1 BEDFORD RD., NO. 2101, TORONTO

  • ASKING PRICE $1,795,000
  • SELLING PRICE $1,715,000
  • TAXES not yet assessed
  • DAYS ON THE MARKET 49
  • LISTING AGENT Elli Davis, Royal LePage Real Estate Services Ltd.

The Action

Done Deal - 1 Bedford Rd. NO 2101

Done Deal – 1 Bedford Rd. NO 2101

In a new luxury high-rise on Bloor Street, just across from Varsity Stadium by the Royal Ontario Museum, this two-bedroom plus den suite was initially listed for $1,795,000 and later reduced to $1,750,000. Nine serious buyers had private tours before one signed a deal.

What They Got

On the 21st floor of One Bedford, this 2,091-square-foot corner suite has unobstructed views down to the CN Tower with nine-foot tall windows in each room, including the den, an open entertaining space and a dining area, which has a balcony, as well as an eat-in kitchen with a granite-topped island.

The master was outfitted with broadloom carpeting rather than hardwood floors like the rest of the suite, access to a second outdoor space and the larger of two full bathrooms.

Additional luxuries include a powder room and high-end Sub-Zero and Miele appliances, along with a locker and parking spot.

Heat and hydro are not covered by the monthly fee of $1,290, which pays for 24-hour concierge and operating of a gym, indoor pool, hot tub and party room.

Local amenities also surround the building, which is literally steps from St. George subway station, designer boutiques on Bloor Street and esteemed restaurants in Yorkville, not to mention fine art galleries and museums.

The Agent’s Take

“The location in this building was key really … because it’s right on Bloor,” says agent Elli Davis. “The view was spectacular south and east on the 21st floor, so it had a very spacious, open feeling.”

The suite also provided less work and more space than other options. “It was a brand new condo that was very lightly lived in,” Ms. Davis states. “It was probably on the larger side.”

Posted in Globe and Mail, Mar. 22, 2012

Four Bidders Vie For Casa Loma Home

POSTED ON March 23rd  - POSTED IN Done Deals, Elli's Archives, Featured News, Toronto Real Estate News

44 WELLS HILL AVENUE, TORONTO

  • ASKING PRICE $950,000
  • SELLING PRICE $1,120,000
  • PREVIOUS SELLING PRICE $850,000 (2007)
  • TAXES $6,595 (2011)
  • DAYS ON THE MARKET Six
  • LISTING AGENT Elli Davis, Royal LePage Real Estate Services Ltd.

The Action:

44 Wells Hill 500

44 Wells Hill 500

In a residential pocket between the St. Clair West subway station and the historic Casa Loma landmark, fierce bidding wars have broken out over the last few properties listed for sale, including this detached, brick residence.

Four buyers out of 26 who booked private showings later submitted strong offers.

What They Got:

Built circa 1930 on a short treed street, this two-storey house is considered one of the older and smaller homes in the area.

It contains four bedrooms, three full bathrooms, a fireside living room and separate dining room, as well as a rear sitting area and adjacent family room off the kitchen with a walkout to a private backyard and patio.

To store large items, there is an unfinished basement, detached garage and private driveway.

The Agent’s Take:

“It’s in the Casa Loma enclave and it’s a detached home with a private drive off Nina Street, so it was great for parking or for walking to the St. Clair and Bathurst area, subway, Loblaws and Joe [store],” agent Elli Davis said. “It featured nice, original charm of mouldings, hardwood floors, etcetera, so that was really well received.”

Posted in The Globe and Mail, March 22, 2012

Elli Davis Interviewed: Home Sales, Prices up in February

POSTED ON March 22nd  - POSTED IN Elli's Archives, Featured News, Toronto Real Estate News

By: Sunny Freeman, The Canadian Press

Posted by brandonsun.com

TORONTO – An early bout of spring weather helped Canadian home sales pick up in February following two months of declines, defying predictions the market is starting to cool.

“The Canadian housing market remains buoyant, with an unseasonably mild winter likely adding some further juice to the mix,” said BMO deputy chief economist Douglas Porter. The Canadian Real Estate Association said Thursday that home sales rose 1.4 per cent in February, gaining back one third of the month-over month decline in January.

Compared with a year ago, actual home sales rose 8.6 per cent to 36,937 homes sold over CREA’s Multiple Listing Service. CREA noted the market remained balanced as both home sales and the number of newly listed homes increased 1.9 per cent, reaching their highest level since May 2010. The increase in supply should help keep the market balanced going forward and home price growth in check.

THE CANADIAN PRESS [Paul Chiasson]

THE CANADIAN PRESS
[Paul Chiasson]

“A rebound in new listings in Toronto and Montreal, Canada’s two most active markets, offset a retreat in new listings in Vancouver, Canada’s third-largest market,” CREA said in a release Vancouver is the most rapidly cooling market in Canada, with February sales down 18 per cent from heated levels a year ago. Last February, a boom in sales of multimillion-dollar properties was driven by foreign buyers, particularly from Asia, scooping up properties in specific areas, such as multicultural Richmond and ritzy West Vancouver.

That also served to skew the national average home price higher — a replay of which was not expected this year, said Gregory Klump, CREA’s chief economist. “February’s data bear this out, but other factors are now keeping the national average price aloft. The main one is the housing market in Toronto, where a tight balance between supply and demand continues to drive some of the strongest home price gains in the country, particularly for single detached properties.”

A preference in recent months for single family homes, which are typically more expensive than condos, has helped to buoy the national average home price. The national average price for homes sold in February was $372,763, up two per cent from its reading for the same month last year. Average home prices in Vancouver are still double the national average at $806,094. But the Toronto market has now taken over as the country’s driver of growth, with sales up 12.2 per cent and home prices up 10.6 per cent year over year in February to $454,470.

One Toronto bungalow that recently made headlines sold for $421,800 over the asking price, with the winning bid coming from a university student with funding from her parents in China. As more buyers get priced out of some of the hottest markets, some are questioning whether — like the Vancouver market at its height last year —an influx of foreign investment is driving up the value of Toronto homes.

But Toronto real estate agent Elli Davis said while many of her listings receive multiple offers — some from foreign investors — she doesn’t believe foreign bids are responsible for the run-up in prices.

“(Foreign investment) has been common for years,” said the 29-year industry veteran, adding that most of her buyers are from Toronto.

“It doesn’t matter who it is, if someone wants to pay more than someone else, that’s just how the market is.”

Industry watchers, who are closely monitoring home prices, have suggested Canada’s real estate market, which has been fuelled by low mortgage rates since the recession, will soon cool off — but many predict a so-called “soft landing.”

Others have called for a more drastic decline in sales and home prices, saying that the market is overheated, creating a housing bubble that could soon burst. But BMO’s Porter said that the modest two per cent increase in home prices hardly justifies predictions of a devastating housing crash. “Could it just be possible that with a high percentage of Canadian analysts and media outlets located in Toronto, that the perception of Canada’s housing market is being deeply influenced by the strength in the local market?” Porter wondered.

On a weighted basis, which gives each region, regardless of size, an equal weighting, prices were up even more — at 4.6 per cent year-over-year, a jump that will “raise eyebrows in Ottawa,” said CIBC economist Avery Shenfeld. “Policy-makers are growing more concerned about the risks of an overshoot in home prices (and related mortgage debt) that would set Canada up for a harder landing down the road,” he said.

“That increases the odds of a policy response at some point this year if home price momentum continues, with measures aimed directly at housing and mortgages rather than rate hikes being the likely weapon under consideration.” Ottawa has stepped in with tighter lending standards three times in the past three years in order to reduce the risk of overborrowing from those most vulnerable to a rise in interest rates.

Sold: Suite Faces East Over Hoggs Hollow

POSTED ON February 17th  - POSTED IN Done Deals, Elli's Archives, Toronto Real Estate News

By Connie Adair

Cricket Club

3900 Yonge Street #504 (Yonge Street and York Mills Road)

  • Asking price: $829,000
  • Sold for: $810,000
  • Taxes: $5,765 (2011)
  • Monthly fee: $1,836
  • Bedrooms: 3
  • Bathrooms: 3
  • Time on the market: four days
3900 Yonge Street #504

3900 Yonge Street #504

The balcony faces east over Hoggs Hollow, offering a treed view for the occupants of this three-bedroom, three-bathroom suite.

The approximately 2,027-square-foot suite has a combination living and dining room, a powder room and an eat-in kitchen. The master suite has a walk-in closet and a four-piece ensuite bathroom.

The suite also has an additional four-piece bathroom.

There is one parking space included.

Building amenities include a concierge, an indoor pool, a sauna, a party room, an exercise room and parking for visitors. It’s close to transit and has easy access to Highway 401.

Listing Broker: Royal LePage Real Estate Services (Elli Davis)

Posted in National Post, Feb 16, 2012

Royal LePage 2011 Awards Gala

POSTED ON February 13th  - POSTED IN Elli's Archives, Featured News, Toronto Real Estate News
Phil Soper, Elli Davis, Gino Romanese & George Heos

Phil Soper, Elli Davis, Gino Romanese & George Heos

The Royal LePage 2011 Awards Gala was held at Le Parc banquet hall this year. It was a lively evening of dancing, music and merriment…and, of course, a celebration of the achievements of some of Ontario’s top real estate agents!

Elli was honoured with the awards for #10 National Team, and #8 Ontario Top Team, as well as #10 National Chairman’s Club.

Toronto Home Magazine Features 110 Bloor Street West #1905

POSTED ON February 9th  - POSTED IN Elli's Archives, Featured News, Toronto Real Estate News
Toronto Home Magazine 100 Bloor Street West 1905

Toronto Home Magazine
100 Bloor Street West 1905

Toronto Home Magazine featured one of Elli’s listings in their Winter Issue. A stunning suite at 110 Bloor Street West was chosen for its beautiful interior design and architecture. William Mockler and Stuart Watson, of Drawing Room Architect Inc., turned a dark, outdated suite into a modern space, with clean, contemporary design. Read “The Big Picture”.

Forest Hill Condo Comes With a View of UCC

POSTED ON January 30th  - POSTED IN Done Deals, Elli's Archives, Toronto Real Estate News

619 Avenue Road #1402, Toronto

  • ASKING PRICE: $635,000
  • SELLING PRICE: $600,000
  • TAXES: $4,867 (2011)
  • DAYS ON THE MARKET: three
  • LISTING AGENT: Elli Davis, Royal LePage Real Estate Services Ltd.

The Action:

619 Avenue Road

619 Avenue Road

More than a dozen buyers booked appointments to view this one-bedroom corner suite in the Lonsdale high-rise in Forest Hill across from Upper Canada College.

What They Got:

A few years ago, a 40-year-old rental building was converted to house upscale condominiums, including this 1,338 square-foot suite, which is just one of four units on the 14th floor.

Designer finishes include hardwood floors and pot lights in the principal rooms and carpeting in the bedroom off the foyer, in addition to granite counters, mirrored backsplashes and stainless steel appliances in the galley kitchen.

Floor-to-ceiling windows facing north and east illuminate the open living room and adjacent dining area.

A three-piece bathroom and en suite laundry facilities are part of the package, as well as a locker and parking spot.

There is a monthly fee of $1,149, including heating costs and recent renovation of the lobby, elevators and gym. Residents can also use a heated outdoor pool, car wash facilities and 24-hour concierge services.

The Agent’s Take:

“It was an oversized one-bedroom with over 1,300 square feet that had a beautiful view of Upper Canada College and Forest Hill,” says agent Elli Davis. “The building offers much larger units, so this is actually small for the building.”

The unit also benefits from having a sought-after address. “It’s in a luxury building that offers great amenities with valet parking,” says Ms. Davis. “It has easy access to downtown, right between Forest Hill Village and Yonge and St. Clair, so it’s really nicely located.”

From Friday’s Globe and Mail, Jan 19, 2012.

Sold: Home Zoned Residential/Commercial

POSTED ON January 24th  - POSTED IN Done Deals, Elli's Archives, Toronto Real Estate News

By Connie Adair

Bickford Park

410 Roxton Road (Harbord Street and Ossington Avenue)

  • Asking price: $625,000
  • Sold for: $630,000
  • Taxes: 3,437 (2011)
  • Bedrooms: 4
  • Bathrooms: 2
  • Time on the market: seven days
410 Roxton Road

410 Roxton Road

In the trendy Bickford Park area, this home is zoned residential/commercial and can be used to run your business from home, says listing agent Elli Davis. “ Have a business on the first floor and live on the second and third floors.”

The main floor has a living room, a dining room and a walkout to the yard from the pantry. A full kitchen is on the second floor, as is the master bedroom, a four-piece bathroom and a family room. The third floor has two bedrooms and a walkout to a rooftop deck that has a city view. A three-piece bathroom, a sauna and a walkout to the yard are on the lower level.

The 17×89-foot lot has parking for one car and is close to restaurants, parks, the library and bike routes. It’s also within walking distance of the TTC and the Ossington subway.

Listing Broker: Royal LePage Real Estate Services (Elli Davis)

Posted in National Post, Jan 23, 2012