This $5.5 million Toronto home has a glass floor like the CN Tower | Canada News Media
Connect with us

Real eState

This $5.5 million Toronto home has a glass floor like the CN Tower

Published

 on

If you’re a long time reader of blogTO, this house might look somewhat familiar.

We wrote about 15 Citation Drive all the way back in 2019, when it was just a bungalow.

The bungalow was designed by prominent Toronto architect John Harold Bonnick to be his own family home.

It featured stunning architectural elements like wood tongue-and-groove panel ceilings and a spiral staircase to the basement.

The living room.

But since the house sold in 2019, it’s had a major glow up. So much so that it won the BILD’s RenoMark Award this March for Best Exterior Renovation.

A new bedroom.

The bungalow is no longer a bungalow, as a stunning second storey was added. But fret not, the new owners managed to keep the stunning details of the original mid-century home.

The sunken living room and dining room with exposed brick walls and a gas fireplace.

“We were very mindful to keep this type of architecture throughout, so that it would be hard to distinguish between the reno and the new build,” owner Spencer Feeley told blogTO. 

The walkout basement with a spiral staircase.

You’ll notice the statement pieces, like the ceilings and staircase, are still very much intact and newly restored.

They also uncovered some other cool pieces that were original to the house.

The sunken dining room with the original exterior wall incorporated.

“During the renovation, we discovered the original purple brick in the lower living area that was the old rear exterior wall before an addition was put on the house in the 70s,” Feeley told blogTO.

“I wanted to continue to bring the outside materials into the house seamlessly, so I decided to leave the purple brick exposed inside the living room of the house,” he added.

“This tied in with the yellow brick at the fireplace, which mimics the purple and yellow brick at the front courtyard of the house.”

The original primary bedroom is now an in-law suite.

You’ll also notice the addition of expansive oversized windows, open riser stairs and loads of skylights, which make this house even more bright and airy.

The newly-renovated kitchen has been opened up to provide a view of the ravine lot and enhance the entertainment area.

The main floor is quite similar to the original home but the kitchen has been updated.

The open riser stairs.

It’s now sleek and modern but still very much fits with the overall aesthetic of the house.

The primary suite with a 16-foot patio door system to a large private deck overlooking the Marbelite pool and ravine.

The second floor is completely new with a more modern design, most notably in the primary suite with recessed LED lighting on the ceiling.

The primary ensuite.

The primary bedroom ensuite is also very modern with a double integrated sink, a massive two-person tube, and a very fancy shower.

The in-law suite.

The home has also transformed from a three-bedroom, three-bathroom house to a five-bedroom, five-bathroom home.

“If you’re a car enthusiast, you can have a view of your car from this bedroom,” said Feeley.

One of the bedrooms even has a window that looks into the garage that features a 12-foot hydrolic lift. In short, you can basically keep a car in your bedroom like art.

The glass floor.

Another indicator this is no longer a mid-century bungalow is the glass floor with integrated LED lighting in the foyer, which is basically a mini version of the CN Tower glass floor.

But functionally, Feeley told blogTO, “It’s to bring natural light from the skylight above down to the front foyer.”

The gym.

The house is now fully smart, thanks to the new smart home system. There’s also a state-of-the-art gym and a hobby room.

The basement rec room.

The basement has gone through some pretty cool upgrades as well with the addition of a fireplace and a wet bar with an under-counter wine fridge, making it perfect for entertaining.

The backyard with a large deck.

The outdoor space is still stunning with a Marbelite pool, and the large ravine the home backs onto makes it feel like you’re not even in the city.

An ensuite bathroom.

The home sold in 2020 for just over $2.5 million, but with all the additions, the home is now currently listed for $5,488,000.

The garage.

However, the uniqueness of the home means it’s had some trouble finding a buyer. This is its fourth time being listed this year, but then again, the original bungalow also took a while to sell.

The front entrance.

Mid-century homes aren’t for everyone, even if we think they’re the coolest.

 

Source link

Continue Reading

Real eState

Greater Toronto home sales jump in October after Bank of Canada rate cuts: board

Published

 on

 

TORONTO – The Toronto Regional Real Estate Board says home sales in October surged as buyers continued moving off the sidelines amid lower interest rates.

The board said 6,658 homes changed hands last month in the Greater Toronto Area, up 44.4 per cent compared with 4,611 in the same month last year. Sales were up 14 per cent from September on a seasonally adjusted basis.

The average selling price was up 1.1 per cent compared with a year earlier at $1,135,215. The composite benchmark price, meant to represent the typical home, was down 3.3 per cent year-over-year.

“While we are still early in the Bank of Canada’s rate cutting cycle, it definitely does appear that an increasing number of buyers moved off the sidelines and back into the marketplace in October,” said TRREB president Jennifer Pearce in a news release.

“The positive affordability picture brought about by lower borrowing costs and relatively flat home prices prompted this improvement in market activity.”

The Bank of Canada has slashed its key interest rate four times since June, including a half-percentage point cut on Oct. 23. The rate now stands at 3.75 per cent, down from the high of five per cent that deterred many would-be buyers from the housing market.

New listings last month totalled 15,328, up 4.3 per cent from a year earlier.

In the City of Toronto, there were 2,509 sales last month, a 37.6 per cent jump from October 2023. Throughout the rest of the GTA, home sales rose 48.9 per cent to 4,149.

The sales uptick is encouraging, said Cameron Forbes, general manager and broker for Re/Max Realtron Realty Inc., who added the figures for October were stronger than he anticipated.

“I thought they’d be up for sure, but not necessarily that much,” said Forbes.

“Obviously, the 50 basis points was certainly a great move in the right direction. I just thought it would take more to get things going.”

He said it shows confidence in the market is returning faster than expected, especially among existing homeowners looking for a new property.

“The average consumer who’s employed and may have been able to get some increases in their wages over the last little bit to make up some ground with inflation, I think they’re confident, so they’re looking in the market.

“The conditions are nice because you’ve got a little more time, you’ve got more choice, you’ve got fewer other buyers to compete against.”

All property types saw more sales in October compared with a year ago throughout the GTA.

Townhouses led the surge with 56.8 per cent more sales, followed by detached homes at 46.6 per cent and semi-detached homes at 44 per cent. There were 33.4 per cent more condos that changed hands year-over-year.

“Market conditions did tighten in October, but there is still a lot of inventory and therefore choice for homebuyers,” said TRREB chief market analyst Jason Mercer.

“This choice will keep home price growth moderate over the next few months. However, as inventory is absorbed and home construction continues to lag population growth, selling price growth will accelerate, likely as we move through the spring of 2025.”

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

The Canadian Press. All rights reserved.

Source link

Continue Reading

Real eState

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

Published

 on

 

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.

Source link

Continue Reading

Real eState

Here are some facts about British Columbia’s housing market

Published

 on

 

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.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending

Exit mobile version