Nestled on the quiet and enchanting street of Tennis Cres. is this exceptional detached home, which is actually three separate apartments.
Spread across four floors, with over 3,300 square feet of living space, this home is equal parts beautiful and strange.
Some of the more unique features are likely due to how the units were split up, but you’ll notice lots of curved ceilings and walls that are definitely not typical.
The living room of the second floor unit.
But even if the walls and ceilings aren’t typical, it definitely adds charm and weird architectural interest to the home.
The main floor living room.
On the main floor there are grand principal rooms spanning over 1,300 square feet.
The main floor kitchen.
The living room adorned with a cozy gas fireplace, a formal dining room perfect for entertaining, and an inviting eat-in kitchen overlooking a charming garden.
One of the bedrooms on the main floor.
The three generously-sized bedrooms on this floor provide ample space for relaxation and rejuvenation aka sleep.
The third floor unit.
The two additional spacious suites have undergone beautiful renovations, each boasting private outdoor spaces to soak in the fresh air and enjoy the peaceful surroundings.
The basement.
There is also the potential for an in-law/nanny suite on the lower level and a garden suite report is available upon request should you want to build a laneway-type house.
Walk-outs to the garden from the living room.
Really, the potential this property holds is boundless.
The second floor bedroom with a Murphy bed.
The convenience of a private driveway with a built-in garage is an added bonus, ensuring parking is a breeze for anyone who lives here.
A bedroom on the third floor.
12 Tennis Cres. is also perfectly situated between Riverdale and Withrow Park.
The back patio.
The neighbourhood boasts a tranquil, tree-lined residential street that sets the stage for a lifestyle of comfort and convenience.
The dining room on the main floor.
And although this home is currently configured with three self-contained units, you have the option to convert it back into a spacious single-family home, providing a unique opportunity to tailor the space to your needs.
TORONTO – One expert predicts Ottawa‘s changes to mortgage rules will help spur demand among potential homebuyers but says policies aimed at driving new supply are needed to address the “core issues” facing the market.
The federal government’s changes, set to come into force mid-December, include a higher price cap for insured mortgages to allow more people to qualify for a mortgage with less than a 20 per cent down payment.
The government will also expand its 30-year mortgage amortization to include first-time homebuyers buying any type of home, as well as anybody buying a newly built home.
CIBC Capital Markets deputy chief economist Benjamin Tal calls it a “significant” move likely to accelerate the recovery of the housing market, a process already underway as interest rates have begun to fall.
However, he says in a note that policymakers should aim to “prevent that from becoming too much of a good thing” through policies geared toward the supply side.
Tal says the main issue is the lack of supply available to respond to Canada’s rapidly increasing population, particularly in major cities.
This report by The Canadian Press was first published Sept. 17,2024.
OTTAWA – The Canadian Real Estate Association says the number of homes sold in August fell compared with a year ago as the market remained largely stuck in a holding pattern despite borrowing costs beginning to come down.
The association says the number of homes sold in August fell 2.1 per cent compared with the same month last year.
On a seasonally adjusted month-over-month basis, national home sales edged up 1.3 per cent from July.
CREA senior economist Shaun Cathcart says that with forecasts of lower interest rates throughout the rest of this year and into 2025, “it makes sense that prospective buyers might continue to hold off for improved affordability, especially since prices are still well behaved in most of the country.”
The national average sale price for August amounted to $649,100, a 0.1 per cent increase compared with a year earlier.
The number of newly listed properties was up 1.1 per cent month-over-month.
This report by The Canadian Press was first published Sept. 16, 2024.
MONTREAL – Two Quebec real estate brokers are facing fines and years-long suspensions for submitting bogus offers on homes to drive up prices during the COVID-19 pandemic.
Christine Girouard has been suspended for 14 years and her business partner, Jonathan Dauphinais-Fortin, has been suspended for nine years after Quebec’s authority of real estate brokerage found they used fake bids to get buyers to raise their offers.
Girouard is a well-known broker who previously starred on a Quebec reality show that follows top real estate agents in the province.
She is facing a fine of $50,000, while Dauphinais-Fortin has been fined $10,000.
The two brokers were suspended in May 2023 after La Presse published an article about their practices.
One buyer ended up paying $40,000 more than his initial offer in 2022 after Girouard and Dauphinais-Fortin concocted a second bid on the house he wanted to buy.
This report by The Canadian Press was first published Sept. 11, 2024.
