Thurston Olsen Toronto Real Estate Update Q3 2019

The Fall Market is in full swing! We hope you’re enjoying the beautiful fall foliage and keeping cozy as you start to bring out your favourite sweaters! To keep you up to date and informed about the real estate market, we have prepared your Toronto update for the third quarter of 2019.

Do you want the stats for your neighbourhood, or have a question about a specific sale on your street? Reach out and we’ll gladly give you all of the info! info@rosswebpro.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 July to September 2019 Real Estate Update

  • 8,646 homes sold throughout Toronto from July – September, 2019
    • 2,442 were detached homes
    • 743 were semi-detached homes
    • 4,472 were condos
    • 989 were a combination of other home types
  • The average price of a detached home is $1,280,312
  • The average price of a semi-detached home is $1,009,361
  • The average price of a condo is $628,074
  • Homes are on the market an average of 21 days

Click here to view our Toronto Real Estate Update from Q2 2019.

SOLD! 241 Strathmore Boulevard – Danforth Village

Our buyer clients will soon be calling 241 Strathmore Boulevard home!

241 Strathmore Blvd, Toronto sold by Thurston Olsen Real Estate Team with RE/MAX Hallmark Realty Ltd.

On a fabulous tree-lined street just off Danforth Avenue you’ll find this semi-detached home with a solid 2 car garage accessed via lane way. The home features 3 bedrooms, 2 full washrooms, and an over-sized master bedroom. The private backyard is shaded by a custom pergola and has access to the garage.

Danforth Village and its neighbourhood shops, parks and schools are all nearby, along with Greenwood Subway Station one minute away.

Congratulations to our wonderful clients, you picked a great home!

Where you can buy houses in Toronto for under $1 million

Here’s where you can buy houses in Toronto for under $1 million

skyline with CN Tower, condos and houses in Toronto

The price of detached houses in Toronto surpassed the $1 million mark for the first time in 2015. Since then prices have hovered at a consistent high and according to a new report by RE/MAX, they’re again on the rise. RE/MAX examined the Toronto Real Estate Board‘s 65 districts and found that detached housing values rose in 57 per cent of neighbourhoods in the 416. While this is welcome news for those who already own a piece of this lucrative property pie, those trying to buy houses in Toronto find themselves wondering if and when affordability will return to this hot market.

Despite the affordability woes, detached home sales in the GTA were way up in the first half of the year. Year-to-date transactions are up 17 per cent over 2018 figures – 20,067 versus 17,202 – and double-digit sales increases happened in over 70 per cent of TREB districts, which includes areas in the 416 and 905.

The market correction – especially over the past 18 months – has been the major catalyst for the increase in detached housing sales. It’s all about price,” says Christopher Alexander, Executive Vice President and Regional Director at RE/MAX of Ontario-Atlantic Canada. “The overall average price for detached housing in the GTA is still down marginally (-1.2 per cent), compared to year-ago levels. Year-to-date average price (January to June) was $1,008,177 in 2019 versus $1,020,136 in 2018.

While balanced and seller’s market conditions are evident in the 416, an estimated 45 per cent of Toronto neighbourhoods were in clear buyer’s market territory in June. The tightest area of the city is the East End, where eight out of 11 districts are in balanced/seller’s territory.

If you’re in the market to buy and you have your heart set on the 416, but don’t have a bottomless bank account, here are 12 areas where you can still buy detached houses in Toronto for less than $1 million.

EAST END TORONTO

East End Toronto homes for under $1 million

WEST END TORONTO

West end Toronto homes for under $1 million

source: blog.remax.ca

LEASED! 875 Queen Street East Suite 324 – Leslieville

We helped our client successfully rent out his shiny new condo at 875 Queen Street East in Leslieville.

875 Queen Street East, Leslieville, Toronto leased by Thurston Olsen Real Estate Team

The south east facing corner suite has one bedroom, plus a den. Ample natural light floods the open living room and sleek designer kitchen with lofty concrete ceilings. Steps to parks, restaurants, shops, TTC, easy access to the highways, and all that Leslieville has to offer – plus a parking space!

SOLD! 174 Campbell Avenue – Junction Triangle

174 Campbell Avenue in the Junction Triangle was recently scooped up by our buyer clients.

174 Campbell Ave Junction, Toronto Sold by Thurston Olsen Real Estate Team Ford Thurston Chris Olsen

The 2 storey brick semi was beautifully renovated, has three bedrooms, two washrooms, a finished basement, and a 2 car garage! The main floor opens into a modern white kitchen with a timeless, stylish backsplash, loads of cupboards and plenty of counter space. They can walk out from the kitchen to spend sunny evenings in the west facing backyard. Congratulations to our clients, we’re excited for you to make this house your home.

SOLD! 15 Viking Lane Suite 1806 – Parc Nuvo

15 Viking Lane Suite 1806 was a *RECORD BREAKING SALE! Congratulations to our stellar client on the sale of this bright and spacious condo. With designer staging and professional marketing, we achieved the highest price per square foot ever for a 1 bedroom plus den in the building, as well as the highest sale price ever for this floor plan in the building.

Park Nuvo At Essex was built by award winning Tridel and takes its name from the urban park which it overlooks. This prestigious residence looks and feels like a five star hotel from the moment you arrive.

Suite 1806 features 641 square feet of living space with an open concept floor plan that’s perfect for entertaining!

The kitchen includes designer finishes with a subway tile backsplash, modern cabinetry with extended uppers, quartz countertops, stainless steel appliances and a large centre island with plenty of room for seating.

The living room is bright and spacious with wall to wall windows, impressive flooring and stylish window coverings. There is also the convenience of a walk-out to the north facing balcony.

The separate den is ideal for a home office or a separate dining room depending on your needs.

The master bedroom is a fantastic space with a double mirrored closet, large windows and the same stylish window coverings as the living room. It also enjoys unobstructed north views and plenty of privacy.

The 4 piece washroom features a trendy vanity and matching mirror along with sleek porcelain tiling and a modern light fixture.

The balcony is generous in size and includes upgraded decking. It overlooks Six Points Park to the north and gets wonderful sun throughout the day.

Suite 1806 truly has it all with ensuite laundry, plenty of storage, a separate locker and parking!

Parc Nuvo is renowned for its impressive amenities which include a fitness centre, a pool, a sauna, a hot tub, a business centre, a lounge, a billiards room, a party room, a movie theatre, guest suites and a terrace for barbequing!

15 Viking Lane is ideally located close to great bars, restaurants and shops along Bloor Street West and Dundas Street West and it’s literally just steps from the Kipling Subway Station as well as the Kipling GO. Conveniently close to major highways such as the Gardiner Expressway, the QEW and the 427, you can get anywhere you need to go with ease.

The plan to build the new Etobicoke Civic Centre at 3745 Bloor Street West is another great reason to love this neighbourhood! Some of the proposed amenities for the new ECC include a community rec centre, a Toronto Public Library, a childcare centre and an outdoor civic plaza to accommodate gatherings, markets and special events.

*Statistics are based on all sales reported on TREB (Toronto Real Estate Board) as of May 28, 2019.

SOLD! 1410 Dupont Street Loft 312 – Wallace Emerson

Through a whirlwind of showings, Loft 312 at 1410 Dupont Street sold in ONE DAY! Congratulations to our client who is moving onto a new adventure, we’re so happy for you.  We’re also excited for the buyer to make this unique space their own and enjoy it well into the future.

This 626 square foot loft is situated within the original part of a century-old brick warehouse once owned by General Electric.

The modern kitchen features granite counters, a breakfast bar and stainless steel appliances. Overlooking the open concept living and dining rooms, it’s perfect for entertaining!

The living and dining areas are equally impressive with plenty of natural light through the south facing skylights. The space is further enhanced by exposed ductwork, trendy light flooring and enough room for a home office!

The master bedroom is a wonderful space with large south facing windows and a walk-in closet!  The washroom is equally as impressive with modern finishes and neutral tones throughout.

Loft 312 is move in ready and even includes parking.

The building has fantastic amenities including an impressive rooftop patio conveniently located right down the hall and there are so many great shops, cafes and restaurants all within walking distance!

SOLD! 65 East Liberty Street Suite 1010 – Liberty Village

65 East Liberty Street Suite 1010 sold in ONE DAY! Congratulations to our very happy seller and the new owners, this Liberty Village suite checks all the boxes.

65 East Liberty Street Suite 1010, Liberty Village, Toronto - Thurston Olsen Real Estate Team

65 East Liberty Street Suite 1010 is a beautiful 2 bedroom condo featuring an open concept floor plan with spacious living and dining rooms as well as a beautiful kitchen with modern cabinetry, stainless steel appliances, granite counters and a breakfast bar.

The main living space is filled with natural light from the floor to ceiling windows and there is a walkout to the west facing balcony which overlooks the courtyard and features impressive lake views to the south!

The master bedroom is generous in size with large windows, a double closet and a gorgeous 4 piece master ensuite! The second bedroom features a glass panelled door to allow for natural light as well as a good-sized closet. There is also a second 3 piece washroom and a laundry closet for added convenience. Suite 1010 truly has it all including parking and a locker!

Situated in the heart of Liberty Village, there are so many great shops, restaurants, patios and bars all within walking distance. This location allows for a quick drive to the financial district, the waterfront or to the Gardiner Expressway if you’re headed out of town for the weekend.

The King West Condos at 65 East Liberty Street are renowned for spectacular amenities including a fitness club and wellness centre, the magnificent rooftop Lakeview Club, two bowling alleys and incredible entertaining facilities!

www.65EastLiberty.com

more photos: 65 East Liberty Street Suite 1010

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