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18 07, 2018

Thurston Olsen Toronto Real Estate Update Q2 2018

2018-07-18T14:44:49+00:00

We hope you’re having a great summer and enjoying this beautiful city! In an effort to keep you up to date and informed, we have prepared your Toronto Real Estate Update for Q2. Below you will find Toronto sales information for April to June, 2018.

Do you have a question about a specific sale on your street? Reach out and we’ll gladly give you all of the info, info@thurstonolsen.com

Are you curious to know what your home is worth? Give us call at 416.465.7850 and we will be happy to provide you with an opinion of value.

Toronto real estate update April - June 2018 Q2

 

9,101 homes sold throughout Toronto. $865,161 is the average price of a home in Toronto.

2,462 detached homes sold throughout Toronto. $1,027,908 is the average price of a detached home in Toronto.

803 semi-detached homes sold throughout Toronto. $998,707 is the average price of a semi-detached home in Toronto.

4,906 condo apartments sold throughout Toronto. $603,480 is the average price of a condo apartment in Toronto.

Click here to view sales information from Q1 2018.

Thurston Olsen Toronto Real Estate Update Q2 20182018-07-18T14:44:49+00:00
29 06, 2018

Laneway Suites Approved By Toronto City Council

2018-06-29T12:32:50+00:00

Toronto City Council has approved laneway suites!

Toronto Laneway Suites

A laneway suite is a self-contained residential unit located on the same lot as a detached house, semi-detached house or townhouse, and generally located in the rear yard next to a laneway.

Laneway suites are generally smaller in scale and completely detached from the main house on the lot.

They provide new rental housing opportunities within established neighbourhoods, providing a wider range of low-density housing options while enhancing neighbourhood and community character.

In Canada, laneway suites have been implemented in Ottawa, Vancouver, Edmonton, and Calgary. In Toronto, some already exist, but are limited in number.

Similar to other second units, laneway suites are a part of complete communities. They can provide more opportunities for people to live in ground related housing, for residents to live close to where they work, shop, and play and, can help make the city’s urban lanes more green, liveable, and safe.

These suites can contribute to increasing the supply of rental housing and provide additional housing options for households at different ages and life stages.

Read the full report here: www.toronto.ca

photo: Google maps, Sussex Mews

Laneway Suites Approved By Toronto City Council2018-06-29T12:32:50+00:00
25 06, 2018

Navigating Toronto On A Single Income

2018-06-25T14:55:53+00:00

Navigating Toronto with a single income while paying bills, saving some money, and maintaining somewhat of a social life can be tricky. Read on for a few tips from a recent Globe and Mail article.

Toronto single income

Question from Maria, aged 30, living in Toronto: I’m single. I feel stuck. I’m 30 and I have a great salary – $60,000 – but I feel like life is built for two incomes. I’d love to move out of my small apartment, but I can’t afford the higher rent. I’d love to buy a home, but buying feels out of the question. I also have to save a ridiculous amount for retirement because I’m saving on my own, so I end up feeling broke because I have to save so much. It’s great that I can actually have savings, but the trade off is that I still live much the same way I did when I was broke in my early twenties. How are other single people financially surviving? Are they feeling broke all the time as well or are they just digging out of debt? Are there some sort of single-person-money-hacks?

Shannon Lee Simmons is a financial planner and founder of The New School of Finance in Toronto.

Shannon Lee Simmons is the author of the book Worry-Free Money: The Guilt-Free Approach to Managing Your Money and Your Life.

Answer from Shannon Lee Simmons: There’s no question about it; single life, by choice or otherwise, is a tough financial gig for a lot of people. On a single income, you have to pay for housing, transportation, save for retirement and have a life – all on one income. But there are single-person money hacks that can maybe get you where you want to go in a roundabout way.

MONEY HACK #1: NEGOTIATE A BETTER SALARY

Your income and future cash flow from that income is the most powerful tool you have. Let’s make it as high as can be. Sounds obvious, right? But people tend to think that their income is fixed. An “it is what it is” mentality, especially for employees out there. But is it truly fixed?

First: negotiate, negotiate, negotiate. Try to get a raise or an income adjustment at your current job if you’re an employee. You have a great salary but find out what the realistic salary range is for your job with a site like Glassdoor and see where you fall in that range. If you’re not at the top end of the income range, find a way to get there. Put together a proposal to show how you are adding value to the company. The worst-case scenario is that your boss says no. Yes. That sucks, but at least you know that you tried. If they say no, ask what you can do to improve performance so that the answer would be a yes next time. Don’t be scared to negotiate for a higher salary.

MONEY HACK #2 – BRING IN SIDE HUSTLE MONEY

Get creative. If your employment income is what it is, don’t be scared of that side-hustle life. Find a way to make some additional cash on the side to boost your single income. It doesn’t mean you have to run a full-fledged side business or get a part-time job at nights. A side hustle is a creative way to bring in some additional cash when and where you can.

If you’re single and most of your income is going toward bills, often there isn’t extra money for fun things like vacations or fun splurges which can perpetuate the feeling that you’re broke. Use your steady income to pay your bills, save and live your daily life, and use your side hustle money to pay for fun things in your life.

For example, a single client of mine would crash at a friend’s house for the weekend five times a year and would rent out their flat on a home-sharing site (with permission from their landlord). They were able to charge $150 per night, which ended up bringing in $1,500 in a year before tax. After putting aside 25 per cent for income taxes, there was $1,200 left for their vacation fund. That’s not chump change.

Other side-hustle examples could include freelancing if you have a skill set that you can use outside of employment or using technology-based on-demand companies such as ride-share, delivery or task companies. Aim for at least $100 per month after tax; this will help you to feel less broke and still enjoy your life without making huge changes to your employment situation.

MONEY HACK #3 – SHARE THE COST OF LIVING AS MUCH AS POSSIBLE

Life costs money. The biggest financial hurdles for people, single or coupled up, are housing and transportation. This is truly where the cost of living skyrockets for a single person. I’m not sure what you pay in rent, but according to an Urbanation Inc. report in January, 2018, the average monthly cost of renting a condo in the GTA was $1,867. If your take-home pay is approximately $3,700 per month, the rent would be 50 per cent of that pay. Without any other expenses in your life, half your money is gone to rent. Poof! This is what’s so financially frustrating for people who are single. So much of your take-home pay is lost to housing, regardless of whether you own or rent.

Since housing and transportation are the toughest expenses to tackle solo, if there is any way to offload or share the costs with another person, do it. Take on a roommate. If you’re renting, you’ll often be able to get into a nicer place and keep the rent at an affordable amount for both of you. Think about sharing bills beyond your housing as well. I’ve seen a number of friends share parking spots, transit passes, monthly subscriptions to TV and music apps, cleaning services and pet walkers. Go through your expenses one by one and make a list of ones that you think you could share with a pal. I’m sure they’d welcome the offset in expenses as well.

On the bigger end of things, I’ve seen some successful car-sharing efforts between friends save them a chunk of money. If you and another friend are both longing for your own vehicle but can’t afford it solo, share one. Draw up a sharing contract before you buy or lease a vehicle to ensure everyone is on the same page with the money, usage, ownership and repair expectations. If you hammer out all the logistics before you buy or lease, it’s a great way for both people to get access to their own car while offsetting the cost.

MONEY HACK #4: CO-OWNERSHIP

Think Golden Girls with real estate. I’ve seen a lot of people who really want to own a home but couldn’t afford to do it on their own buy property, houses or condos with friends and family members. Definitely ensure that you’ve mapped this all out with a financial planner, accountant and lawyer before you jump into something like this. But if you dream of home ownership, have the right person that you’d share property with and a solid legal contract, you could find a way to make it work in an affordable way.

There’s no question – life on one income is tough. But, with some creativity, you can bring in a bit more money and spend a bit less so you can keep your head above water, save for retirement and still manage to have some sort of a life.

 

source: globe and mail one income

Navigating Toronto On A Single Income2018-06-25T14:55:53+00:00
25 06, 2018

JUST SOLD! 437 Roncesvalles Avenue Suite 509 – Roncesvalles Village

2018-07-24T15:30:45+00:00

437 Roncesvalles Avenue Suite 509 is a spectacular two level loft with two bedrooms and two washrooms. The floor to ceiling windows allow light to flood into the home with almost 11′ ceilings on both levels! The west facing terrace offers tree top views and High Park is just a short jog down the street. Our buyer clients knew that this was their perfect new home.

Just sold 437 Roncesvalles Avenue Suite 509

JUST SOLD! 437 Roncesvalles Avenue Suite 509 – Roncesvalles Village2018-07-24T15:30:45+00:00
22 06, 2018

Go On A Stand Up Paddle Board Adventure This Summer

2018-06-22T16:32:41+00:00

Paddle towards picturesque city views!

Stand up paddle boarding doesn’t have to only be for the cottage, you can try it out right here in Toronto. There are a few places in the city to rent a stand up paddle board, check out what Toronto Island SUP offers below.

Toronto stand up paddle board

This is honestly the best time of year to be living in the city. The weather has finally thawed, we’re waking up to sunshine and blue skies almost everyday, and everyone is smiling more! That’s what this time of year is all about, being happy and spending all your time outdoors.

In a few weeks we’re going to be entering full blown summer mode and I know we all literally cannot wait. We all deserve to soak up the sunshine this summer and this adventure is perfect for that!

Toronto stand up paddle board

If you’ve ever been down to the waterfront in Toronto during the summer I’m sure you’ve seen people gliding through the waters, standing on top of a paddle board. They call this activity Stand Up Paddle Boarding, or SUP, and it’s honestly the most fun thing to partake in!

There’s a SUP class on the Toronto Islands that lets you go on a stunning SUP adventure at sunset which will give you breathtaking views of the city skyline!

Toronto stand up paddle board

Toronto Islands SUP offers tons of different classesbut their best is definitely the Night SUP Adventure. They direct you through the calm waterways of the Toronto Islands as you take in the gorgeous sunset in front of you.

The Night SUP Adventures take place every Friday night from June to September and costs $75 per person but if you book in groups of 3 or 6 you’ll get a discount!

Toronto stand up paddle board

Once you sign up for the tour you’ll meet at the Algonquin Bridge on the Toronto Islands to begin. Included in your tour is a guide, a paddle board and a light up paddle, dry bags and a safety light. All you’ll have to bring is your swimsuit, warm clothes for after, a towel and a water bottle.

The tour is a full 2 hours long and they have a full itinerary which will take you to all the best sights along the way. The tour starts at the Algonquin bridge where you’ll then enter the Sunfish Cut area and get a view of the city skyline at sunset.

Toronto stand up paddle board

Then you’ll pass through the hidden passageways of Turtle Alley where your LED paddles will guide you. Then you’ll enter Snug Harbour which is the best spot to view the city skyline and you’ll be able to see all the lights on the water. Finally you’ll enter into the inner waterways of the Royal Canadian Yacht Club and make your way back to the Algonquin Bridge.

Toronto stand up paddle board

Toronto stand up paddle board

The first tour takes place on June 29th this summer. Check out their website to book your adventure!

 

source: narcity stand up paddle board

images in order: @torontoislandsup, @givopoly, @alenevictoria, @kaitmcguirk, @torontosupclub, @torontoislandsup, @thorny_k

Go On A Stand Up Paddle Board Adventure This Summer2018-06-22T16:32:41+00:00
14 06, 2018

JUST SOLD! 122 Glen Manor Drive Townhome 4 – The Beaches

2018-07-24T15:30:55+00:00

Congratulations to our wonderful clients on the sale of their beautiful townhome! In less than one week, 122 Glen Manor Drive, Townhome 4 saw a whirlwind of showings and two open houses. We’re excited for our clients to begin the next chapter in their lives, and for the buyers to enjoy their new home in Toronto’s Beach Village – just in time for summer!

122 Glen Manor Drive Townhome 4 Toronto Beaches

Townhouse Four of 122 Glen Manor Drive was completely renovated in 2015. It is part of a small secluded enclave of executive townhomes ideally located in the heart of the Beach. Truly an excellent location, steps to the boardwalk, bicycle path, parks, restaurants and neighbourhood shops. This townhome also enjoys lake views under the arbour of stately trees on Scarboro Beach Blvd.

A private brick courtyard with interlocking brick and lovely plants enhances the entranceway and welcomes guests to this exceptional home.

The front door opens to a foyer and a glimpse of the most stylish kitchen one could imagine. It is bright and airy with lovely views of the courtyard. It features an expanse of Quartz counters, beautiful cabinetry, a Farmhouse Apron sink with attractive open shelving, a pantry, stainless steel appliances and built-in laundry.

The flow of the main floor of 122 Glen Manor Drive, Townhome 4 is excellent for entertaining and is enhanced by classic California shutters on all windows and glass doors. Both the dining and living room spaces are generous and feature gorgeous wide plank flooring. This area is warm and comfortable with a delightful wood burning fireplace and a walk out to the south facing balcony. The large south facing windows ensure abundant sunshine and it is so easy to relax and enjoy a pleasant breeze from the waterfront.

A nicely finished staircase leads to the second level which is bright and sunny with three skylights, two spacious bedrooms and two beautifully renovated full baths. The flooring and California shutters, including the skylights, are continued on this level offering a nice consistent flow. The master bedroom overlooks the courtyard and features a sitting area and a double closet.

Lake views can be enjoyed from the second bedroom and the semi-ensuite bath is finished with style and offers a soaker tub for relaxing at any time.

Everything in the community is a short stroll from this picture perfect urban home, 122 Glen Manor Drive, Townhome 4. It is easy to be inspired to walk, jog or bicycle when living so close to the boardwalk and bicycle path. The shops and restaurants are abundant and close at hand as is the public transit for quick commuting to the downtown core.

Enjoy the ease of condo living in a special community, just minutes from the waterfront in our amazing cosmopolitan city!

www.122GlenManor.com

Sold in less than one week.

JUST SOLD! 122 Glen Manor Drive Townhome 4 – The Beaches2018-07-24T15:30:55+00:00
7 06, 2018

JUST LISTED! 122 Glen Manor Drive Townhome 4 – The Beaches

2018-06-13T12:27:56+00:00

Introducing Townhome 4 of 122 Glen Manor Drive, fully renovated in 2015 and part of a secluded enclave of executive townhomes ideally located in the heart of the Beach. Truly an excellent location, steps to the boardwalk, bicycle path, parks, restaurants and neighbourhood shops. This townhome also enjoys lake views under the arbour of stately trees on Scarboro Beach Blvd.

Welcome to 122 Glen Manor Drive, Townhome 4 in The Beaches

A private brick courtyard with interlocking brick and lovely plants enhances the entranceway and welcomes guests to this exceptional home. The front door opens to a foyer and a glimpse of the most stylish kitchen one could imagine. It is bright and airy with lovely views of the courtyard. It features an expanse of Quartz counters, beautiful cabinetry, a Farmhouse Apron sink with attractive open shelving, a pantry, stainless steel appliances and built-in laundry.

The flow of the main floor is excellent for entertaining and is enhanced by classic California shutters on all windows and glass doors.

Both the dining and living room spaces are generous and feature gorgeous wide plank flooring. This area is warm and comfortable with a delightful wood burning fireplace and a walk out to the south facing balcony. The large south facing windows ensure abundant sunshine and it is so easy to relax and enjoy a pleasant breeze from the waterfront.

A nicely finished staircase leads to the second level which is bright and sunny with three skylights, two spacious bedrooms and two beautifully renovated full baths.

The flooring and California shutters, including the skylights, are continued on this level offering a nice consistent flow. The master bedroom overlooks the courtyard and features a sitting area and a double closet.

Lake views can be enjoyed from the second bedroom and the semi-ensuite bath is finished with style and offers a soaker tub for relaxing at any time.

Everything in the community is a short stroll from this picture perfect urban home. It is easy to be inspired to walk, jog or bicycle when living so close to the boardwalk and bicycle path. The shops and restaurants are abundant and close at hand as is the public transit for quick commuting to the downtown core.

Enjoy the ease of condo living in a special community, just minutes from the waterfront in our amazing cosmopolitan city!

further info & photos: 122GlenManor.com

list price: $879,000

MLS #: E4160583

JUST LISTED! 122 Glen Manor Drive Townhome 4 – The Beaches2018-06-13T12:27:56+00:00
22 05, 2018

JUST SOLD! 92 Oakvale Avenue – The Pocket

2018-07-24T15:31:03+00:00

92 Oakvale Avenue is a beautiful brick 2 and a half storey home with a view! Our buyer clients saw the potential in this home with an excellent location on a dead end street. 92 Oakvale Avenue offered original character details, such as an operational coal burning fireplace, hardwood flooring throughout, 3 bedrooms, and 1 washroom. Its location within walking distance to restaurants and shops on the Danforth – plus Left Field Brewery close by made this home the one.

Just sold 92 Oakvale Avenue

JUST SOLD! 92 Oakvale Avenue – The Pocket2018-07-24T15:31:03+00:00
1 05, 2018

Leslieville home featured in Toronto Life – 77 Hastings Ave

2018-05-01T15:25:14+00:00

Our recent sale of 77 Hastings Avenue in Leslieville is featured as Toronto Life’s Sale of the Week.

Here’s the full story:

Sale of the Week: The $1.8-million house that proves Leslieville is still ground zero for bidding wars

77 hastings avenue facade leslieville

Address: 77 Hastings Avenue
Neighbourhood: Leslieville
Agents: Ford Thurston and Chris Olsen, RE/MAX Hallmark Realty Ltd., Brokerage

Listed At $1,349,000

Sold For $1,777,077

The property of 77 Hastings Avenue

A detached four-bedroom home near Greenwood Park in Leslieville.

The history of 77 Hastings Avenue

The seller renovated the house in 2016. He’s a solo jet-setter, and he decided the 2,400 square feet of living space was too much for him. He put the house on the market so he could downsize.

Here’s the living room:

77 hastings avenue living room leslieville

77 hastings avenue dining room leslieville
And the kitchen:
77 hastings avenue kitchen leslieville
The family room has doors to the backyard:
77 hastings avenue family room leslieville
There are four bedrooms. Here’s one of them:
77 hastings avenue bedroom one leslieville
And another:
77 hastings avenue bedroom two leslieville
And the master bedroom, with access to a rear-facing balcony:
77 hastings avenue master bedroom leslieville
The master bedroom’s ensuite bathroom:
77 hastings avenue master ensuite leslieville
There’s a rec room in the basement:
77 hastings avenue basement rec room leslieville
Plus another bedroom:
77 hastings avenue basement bedroom leslieville
The backyard has a patio and a shed:
77 hastings avenue backyard leslieville

The fate of 77 Hastings Avenue

The buyers are a couple in their early 30s who work downtown. They were looking for more space for a family and a backyard for their dog. They appreciated the quality of the renovations, and the fact that Queen Street East is located just half a block to the south.

The sale of 77 Hastings Avenue

The agents listed the property at an attractive price point, hoping to generate multiple bids. In the end, there were 16 offers. The seller accepted the highest, at more than $428,000 over asking.

77 Hastings Avenue by the numbers

• $1,777,077
• $4,697 in taxes (approximately)
• 2,400 square feet (approximately, including basement)
• 6 days on MLS
• 4 bedrooms
• 3 bathrooms

source: toronto life sale of the week 77 hastings avenue

property website: 77hastings.com

Leslieville home featured in Toronto Life – 77 Hastings Ave2018-05-01T15:25:14+00:00
27 04, 2018

Thurston Olsen Toronto Real Estate Update Q1 2018

2018-04-27T13:42:27+00:00

We hope your 2018 is off to a great start. In an effort to keep you up to date and help you to better understand the real estate market, we have prepared your Toronto Real Estate Update. Below you will find Toronto sales information for January to March, 2018.

Do you have a question about your specific neighbourhood, or a sale on your street? Reach out and we’ll happily give you all of the info, info@thurstonolsen.com

Are you curious to know what your home is worth? Give us call at 416.465.7850 and we will be happy to provide you with an opinion of value.

Thurston Olsen Team Toronto Real Estate Update January - March 2018 Q1

6,320 homes sold throughout Toronto. $801,991 is the average price of a home in Toronto.

1,606 detached homes sold throughout Toronto. $1,287,725 is the average price of a detached home in Toronto.

475 semi-detached homes sold throughout Toronto. $998,707 is the average price of a semi-detached home in Toronto.

3,611 condo apartments sold throughout Toronto. $572,391 is the average price of a condo apartment in Toronto.

Click here to view sales information from 2017.

Thurston Olsen Toronto Real Estate Update Q1 20182018-04-27T13:42:27+00:00