This $4 million Toronto home has more fireplaces than bedrooms | Canada News Media
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This $4 million Toronto home has more fireplaces than bedrooms

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This may just be the coziest home in all of Toronto.

With six gas fireplaces, a wood-burning stove, and a sauna, who needs a furnace! (Kidding, this place also has a new furnace from 2021.)

Listed for $3,995,000, 68 Indian Grove is a stunning old three-storey home.

The home has been with the same owner for the last 37 years and has been “lovingly maintained,” according to the listing.

And you can tell the love that’s gone into the home just by looking at the pictures.

The foyer.

The home is full of charm and character, with features like stained glass windows, built-in bookcases, hardwood floors, coffered ceilings, and wood wainscotting.

A sitting room with a fireplace.

The home boasts more fireplaces than bedrooms or bathrooms, but five bedrooms and four bathrooms is still plenty.

The dining room.

On the main floor, you’ll find all the principal rooms including the living room, dining room, kitchen, breakfast area, and sunroom.

The sun room.

The rooms are spacious and bright.

The kitchen.

The kitchen is one of the more recently updated parts of the home and has granite floors and built-in appliances.

One of the bedrooms.

Upstairs, you’ll find the bedrooms spread out over the second and third storey of the home.

The primary bedroom.

The primary bedroom has its own suite on the third floor of the home.

The primary bathroom.

It features a fireplace, hardwood floors and a five-piece en-suite.

The basement rec room.

In the basement, you’ll find a theatre area with a wet bar and kitchen, as well as a sauna and a wood-burning stove.

Another bedroom.

Sure, the decor is dated but if you can get past the wallpaper and black bathroom fixtures, this home really is a gem.

A view of the backyard from the second floor patio.

Especially when you see what’s in store in the backyard.

The pool with the waterfall feature and change rooms.

The backyard oasis features a pool, waterfall, changing room, patio area with an outdoor gas fireplace, a powder room, and an outdoor barbecue area.

The bar and kitchen in the basement.

Location-wise, the home is only a block away from High Park.

The home also has double garage.

So not only is this home super cozy in the winter, it’s also perfect for the summer. Frankly, it’s perfection no matter what the season.

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National housing market in ‘holding pattern’ as buyers patient for lower rates: CREA

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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.

The Canadian Press. All rights reserved.

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Two Quebec real estate brokers suspended for using fake bids to drive up prices

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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.

The Canadian Press. All rights reserved.

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Montreal home sales, prices rise in August: real estate board

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MONTREAL – The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 9.3 per cent in August compared with the same month last year, with levels slightly higher than the historical average for this time of year.

The association says home sales in the region totalled 2,991 for the month, up from 2,737 in August 2023.

The median price for all housing types was up year-over-year, led by a six per cent increase for the price of a plex at $763,000 last month.

The median price for a single-family home rose 5.2 per cent to $590,000 and the median price for a condominium rose 4.4 per cent to $407,100.

QPAREB market analysis director Charles Brant says the strength of the Montreal resale market contrasts with declines in many other Canadian cities struggling with higher levels of household debt, lower savings and diminishing purchasing power.

Active listings for August jumped 18 per cent compared with a year earlier to 17,200, while new listings rose 1.7 per cent to 4,840.

This report by The Canadian Press was first published Sept. 6, 2024.

The Canadian Press. All rights reserved.

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