Welcome to our May 2013 Home of The Month Feature, which showcases a City of Toronto property recently purchased by urbaneer’s Buyers.
Over the past twenty years College Street has transitioned from its former glory as Toronto’s ‘Little Italy’ neighbourhood to one of the country’s hippest ‘hoods and, more recently, into a highly coveted, well-rounded, family- friendly location home to the new generation of Canadians. Offering an eclectic blend of retail services, daily shopping, and cafe culture ranging from take-out to 5-star, the area has seen real estate value increase five-fold in two decades.
Last autumn, urbaneer helped set a precedent-value on Grace Street located just north of Trinity-Bellwoods Park – one of the City’s most cherished urban parks. It set the tone for the street’s emerging desirability in an area where renovated housing now achieves sums upwards of $2 million. Without question, this is no longer an ‘up and coming neighbourhood’ but one which has fully arrived and is coveted. As a result, the opportunity exists for reputable contractors to undertake high-quality high-design renovations for affluent urban professionals.
Such is the case with this month’s Home Of The Month Feature. This two and a half storey five bedroom Edwardian semi with two car parking on Grace at College Street came to market at $749,900. Aggressively priced and poised for a bidding war, our client snapped it up with a bully offer for 9 percent over the list price to secure it.
The property, a beleaguered rooming house with failing building components, had zero features of merit other than being structurally sound in a Triple AAA location.
Here are some pics giving you a visual ‘walk-thru’ of the house:
This house will soon be gutted to the studs and reinvented into a clean-lined luxury contemporary luxury triplex.
The budget? Substantial.
The result? Stay tuned for a stunning transformation.
At urbaneer.com, we assist all types of Buyers with their housing needs. Whether you’re a first time purchaser, an investor building an income-property portfolio, a purchaser climbing the property ladder, or a property developer looking for expert guidance, we’re here to help at 416-322-8000!
~ Steve and the urbaneer team
we’re here to earn your trust, then your business
Home Of The Month