A Skinny Little “Doll-House” of Toronto Sold for $ 3 Million | Canada News Media
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A Skinny Little “Doll-House” of Toronto Sold for $ 3 Million

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This is not your usual home.

This house is one of the examples of how crazy can the real estate market get in Toronto Canada.

The house that is situated at 154 Hamilton St. is set back more than a dozen meters from the sidewalk. This is something that you need to look for yourself to believe.

The size justifies the many titles that have been granted to the most famously known “Doll-House”

The house does not seem like much and has been referred to as looking out of normal by the neighbors. Looking at the structure anybody would say the same.

But then why are people striving for getting a hold of it?

Well, it has become a bit of a tourist magnet due to the high exposure it has gained from the media. This has allowed a lot of viewers to be intrigued about the house making it one of the most valuable houses in recent times of trading in the real estate market.

The 1,300-square-foot house is four stories tall, with floor-to-ceiling windows. A portion of the house is cantilevered — protruding and elevated from the ground. It was built after a protracted battle that pitted owners of the property against the local councilor and several nearby residents — including a next-door neighbor who had limbs from her silver maple cut off two years ago during the home’s construction.

The house was made by Kipping and Mantzoris who were the original architects of the house. They had an amazing idea but the real problem began when they wanted to get this approved by the authorities.

The main issue there was not the actual size but the four stories that the house would be built on. Getting approval for such a house is difficult and well eventually everyone came across and things flourished in there seem to favor.

According to property records, Kipping and Mantzoris sold the property for $530,000 in 2016 to Borovsky, who constructed the existing house.

But then later on during the Canadian real estate market boom things really started to steer up for the little house giving it a much bigger name than what it actually deserved (according to some) and the rest is historied.

Now the house has become quite famous for its out-of-the-box look and is attractive because of the high value that it has recently been retailed for. approximated around $ 3 Million. This is certainly something that you would be considered to be a luxury house but in reality, it is simply just a simple 4 stories house.

The real estate market in Toronto is already on fire but houses like these are good attention-grabbing opportunities for people that would like to make more money than what the house or land is actually worth. I believe that to be the real investment in real estate.

These houses fetch crazy levels of ROIs for the investor but creating a trend out of these would only be reducing their value rather than increasing them. Let’s see how long can the value remain inflated.

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Homelessness: Tiny home village to open next week in Halifax suburb

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HALIFAX – A village of tiny homes is set to open next month in a Halifax suburb, the latest project by the provincial government to address homelessness.

Located in Lower Sackville, N.S., the tiny home community will house up to 34 people when the first 26 units open Nov. 4.

Another 35 people are scheduled to move in when construction on another 29 units should be complete in December, under a partnership between the province, the Halifax Regional Municipality, United Way Halifax, The Shaw Group and Dexter Construction.

The province invested $9.4 million to build the village and will contribute $935,000 annually for operating costs.

Residents have been chosen from a list of people experiencing homelessness maintained by the Affordable Housing Association of Nova Scotia.

They will pay rent that is tied to their income for a unit that is fully furnished with a private bathroom, shower and a kitchen equipped with a cooktop, small fridge and microwave.

The Atlantic Community Shelters Society will also provide support to residents, ranging from counselling and mental health supports to employment and educational services.

This report by The Canadian Press was first published Oct. 24, 2024.

The Canadian Press. All rights reserved.

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Here are some facts about British Columbia’s housing market

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Housing affordability is a key issue in the provincial election campaign in British Columbia, particularly in major centres.

Here are some statistics about housing in B.C. from the Canada Mortgage and Housing Corporation’s 2024 Rental Market Report, issued in January, and the B.C. Real Estate Association’s August 2024 report.

Average residential home price in B.C.: $938,500

Average price in greater Vancouver (2024 year to date): $1,304,438

Average price in greater Victoria (2024 year to date): $979,103

Average price in the Okanagan (2024 year to date): $748,015

Average two-bedroom purpose-built rental in Vancouver: $2,181

Average two-bedroom purpose-built rental in Victoria: $1,839

Average two-bedroom purpose-built rental in Canada: $1,359

Rental vacancy rate in Vancouver: 0.9 per cent

How much more do new renters in Vancouver pay compared with renters who have occupied their home for at least a year: 27 per cent

This report by The Canadian Press was first published Oct. 17, 2024.

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B.C. voters face atmospheric river with heavy rain, high winds on election day

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VANCOUVER – Voters along the south coast of British Columbia who have not cast their ballots yet will have to contend with heavy rain and high winds from an incoming atmospheric river weather system on election day.

Environment Canada says the weather system will bring prolonged heavy rain to Metro Vancouver, the Sunshine Coast, Fraser Valley, Howe Sound, Whistler and Vancouver Island starting Friday.

The agency says strong winds with gusts up to 80 kilometres an hour will also develop on Saturday — the day thousands are expected to go to the polls across B.C. — in parts of Vancouver Island and Metro Vancouver.

Wednesday was the last day for advance voting, which started on Oct. 10.

More than 180,000 voters cast their votes Wednesday — the most ever on an advance voting day in B.C., beating the record set just days earlier on Oct. 10 of more than 170,000 votes.

Environment Canada says voters in the area of the atmospheric river can expect around 70 millimetres of precipitation generally and up to 100 millimetres along the coastal mountains, while parts of Vancouver Island could see as much as 200 millimetres of rainfall for the weekend.

An atmospheric river system in November 2021 created severe flooding and landslides that at one point severed most rail links between Vancouver’s port and the rest of Canada while inundating communities in the Fraser Valley and B.C. Interior.

This report by The Canadian Press was first published Oct. 17, 2024.

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