Chestnut Park Real Estate Ltd, Brokerage
Chestnut Park Real Estate Limited, Brokerage.
1300 Yonge Street, Suite 100 Toronto, Ontario M4T 1X3
416-925-9191 | 416-561-3114

New Listing: 217 Glen Road, a Spacious North Rosedale Georgian

Offered for sale at $4,495,000

About the home

Welcome to 217 Glen Road, a handsome Georgian enjoyed by the same family for 30 years! A 2017 renovation by Lionfish Developments created additional living space including a spacious primary suite with ensuite and double closets, a modern kitchen and family room and a basement recreation room with high ceilings. The private south-facing professionally landscaped garden is lovely to enjoy throughout the seasons.

The moment you enter the foyer of 217 Glen Road you feel the warmth of this character home. It is the perfect place to raise a growing family with its many bedrooms as well as the flexibility of multiple living spaces. 


The covered porch was enclosed many years ago and provides extra living space!


The first area within the enclosed porch is the heated mudroom, which handily stores all the coats, boots, sports equipment, and pet paraphernalia of a busy household. Plenty of light flows in through the north windows.


This too was part of a covered porch years ago but the current owners have enjoyed using this space as an office area and homework room for children. It is heated and provides lovely west and north windows and overlooks the dining room and front garden.

Living Room

The living room’s old world charm has been preserved by retaining the heritage features of the home. It is a generous size and has accommodated a grand piano for many years. The wood-burning fireplace adds a lovely ambiance and the hardwood floors add warmth to the space. There are south and east transom windows that provide natural light.


This den, open  to the family room. is the perfect spot to enjoy your Netflix shows and look out to the south-facing landscaped garden.

  • Hardwood floors
  • South windows
  • Built-in cabinetry

Dining Room

The stately panelling sets the tone for this generously sized room that invites both elegant dinner parties and more casual family gatherings. Swing door to the kitchen for ease of serving. The transom windows above the wood paneling provide nice west light, North windows overlook the office area.


This farmhouse-inspired kitchen is a cook’s delight! It was part of the 2017 Lionfish Developments addition.

  • Extensive Caesarstone countertops providing plenty of food preparation space
  • Wall of new south-facing double-hung windows allow sunlight to pour in
  • Large sink overlooks the landscaped garden
  • Walk-out to the garden
  • The large stone island is truly a statement piece offering ample seating and an incredible workspace for food preparation. It presents like a piece of vintage furniture with a modern twist.
  • Three retro chrome lights hang over the kitchen island
  • Pot lights
  • Extensive custom light grey cabinetry on south, west and east walls provide abundant storage
  • Pantry cupboard
  • Floating shelves for both tableware and drinkware storage flank the cooktop and vent hood against a white subway tile backsplash
  • KitchenAid wall oven, microwave, French-door refrigerator with freezer drawer, dishwasher, gas cooktop, vent hood, new in 2017
  • Hardwood floors
  • Garbage sorter

Family Room

Open to the kitchen, allowing parents to supervise young children while they play, relax, or do homework during meal preparation.

  • Overlooks kitchen and benefits from the south facing windows
  • Hardwood floors
  • Open to a lovely breakfast nook with built-in shelving that feels very Parisian
  • Stair access to basement
  • Extra walk-in pantry storage also a handy spot to hide the vacuum.

Main Floor Powder Room

Tucked in at the end of the hallway for privacy.

  • Pedestal sink
  • Toilet
  • Towel bar
  • Whimsical wallpaper

Second Floor

Primary Suite

This is another component of the 2017 renovation which created a full primary wing of the home.

  • Fashionista’s dream double walk-in closet 
  • Elegant south-facing bay windows with complete privacy
  • Wall air conditioner unit
  • Hardwood floors
  • Easily accommodates a king size bed and generous bedside tables
  • Pot lights
  • Frosted glass sliding doors for access to the luxury five-piece ensuite
  • Tree top views with only gardens not homes behind

5 piece Primary ensuite

  • Deep freestanding soaker tub that overlooks landscaped garden
  • Marble tiled floor 
  • Glass shower enclosure with marble tile, chrome shower head and faucet
  • Marble double vanity with glass shelf for storage and white enamel sinks
  • Mirrored double medicine cabinets
  • Tasteful palm tree wallpaper
  • Heated floors
  • Heated towel hangers
  • Wall lights
  • Toilet
  • Pot lights

Second bedroom

  • A light-filled room with west and north natural light through double hung windows
  • The south wall houses extensive built-in bookshelves for storage
  • Easily accommodates a queen size bed
  • Could also make a lovely home office space
  • Hardwood floors

Third bedroom

  • North and east-facing windows for lovely natural light
  • Closet with shelving
  • Easily accommodates a queen size bed
  • Hardwood floors

Fourth Bedroom

  • Numerous south-facing windows for a sun-filled space
  • Hardwood floors
  • Easily accommodates a queen size bed

Family Bathroom

This spacious updated bathroom makes a bold statement that was also part of the 2017 renovation

  • Glass shower enclosure
  • Striking mirrored vanity with stone countertops and sink
  • Wall mirror
  • Black and white flower-patterned floor tile
  • White subway wall tiles with black border
  • Bold peacock wallpaper above the wall tile
  • Toilet

Third Floor

This floor provides bonus space for an already generously sized home. It also could be a potential nanny suite.

Fifth Bedroom

  • Hardwood floors
  • North window with tree top views
  • Walk-in closet

Three piece washroom

  • soaker tub with shower
  • toilet
  • South window

Storage room

  • A great spot for a cedar-lined closet
  • Handy for tucking away seasonal items and luggage


Recreation Room

The perfect spot for kids to romp around, a home entertainment space, or a home gym area.

  • Dug down to 7 foot 6 inch ceiling height
  • South-facing windows
  • Broadloom


The perfect hobby area or a hideaway for a bookworm

  • Built-in bookshelves
  • Collector-worthy mid-century Malm gas fireplace
  • Hardwood floors

The lower level also incudes a wine room, laundry area and a large storage/utility room

  • Hot water heater (rented), Boiler 
  •  Whirlpool washer, Whirlpool dryer  and utility sink

About the property

217 Glen Road offers a stunning professionally landscaped south-facing private garden. The garden has numerous perennials including hydrangeas, black-eyed susans, grasses, evergreen shrubs, and mature trees. Truly an oasis within the city to enjoy summer barbecues or just relaxing in the private, tranquil yard.

  • Fenced yard
  • Stone patios
  • Stone pathways
  • Sprinkler system
  • Storage shed with natural green roof
  • Rare privacy as the property backs onto gardens, not other homes
  • Lot size 50 ft x 134 ft
  • Private driveway for multiple vehicles
  • Please note there had been a two-car garage that the current owners removed for a second patio area.
  • 217 Glen Road Survey


About the neighbourhood

217 Glen Road is in the heart of North Rosedale and just steps to Chorley Park, a tranquil jewel in the city. Just below the park is Evergreen Brick Works, a combination nature preserve and event space. The Brick Works offers a weekend farmers’ market, casual fine dining at Picnic Cafe and a garden center.  It is the perfect spot for a nature walk on the Brick Work trails and there are a variety of interesting events hosted throughout the year. Chorley Park also connects to the extensive Rosedale-Moore Park ravine system where you can enjoy walking, cycling and a true escape from city life right at your doorstep.

Rosedale is a unique neighbourhood as it has a quiet suburban feel yet it is a mere fifteen minutes to downtown Toronto by car or subway.  North Rosedale truly is country living within the city! The Rosedale bus stop is located nearby for those aspiring to leave a greener footprint.

North Rosedale offers the conveniences of Summerhill Market, Rosedale’s Finest, Dolce Moda, two dry cleaners, a flower shop, a design store, and a veterinary clinic all located a short walk away on Summerhill Avenue. Rosedale Park is a few blocks away and has a playground and areas for ping pong, soccer, tennis, and baseball, plus skating in the winter.

If you are in the mood for a nice walk, the shops and restaurants on Yonge Street and Roxborough Street are approximately two kilometers away. Rosedale United Church is nearby, and many other places of worship are in proximity. Mooredale House, the local community center, offers a variety of programs and is nearby on Crescent Road. The Toronto Lawn and Tennis Club, a private sports club, is nearby and the Granite Club is a quick drive up Bayview Avenue.

For those looking for high-end shopping and further fine dining choices, Bloor Street’s Mink Mile and Yorkville are a ten-minute drive or a half hour stroll away.

Please note: 217 Glen Road resides in the Whitney School district which is ranked 10 out of 10 by the Fraser Institute


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City of Toronto Vacancy Tax Declaration Due February 29th 2024

Please remember to complete your Toronto Vacancy Tax declaration by February 29, 2024. All that is required is the Assessment Roll number and the Customer Number that can be found on the latest City of Toronto tax bill. If the property has been your principal residence or it has been occupied for a minimum of six months you are not required to pay this tax. See the  link below for access to the declaration information and portal. Also make sure you you keep a copy of your declaration for you records in case there is a discrepancy.

City of Toronto Vacancy Tax information and access to declaration portal


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Clarity on Toronto’s New Luxury Property Land Transfer Tax

The City of Toronto has now created a calculator to bring clarity on what land transfer costs will be for the new luxury land transfer tax for properties over $3 million. The table below shows the thresholds for this graduated tax. I believe having clarity as to what the actual costs are for this new tax will ease prospective home buyers.

Current MLTT Rates and Calculations

For property containing at least one, and not more than two, single family residences with a consideration value of:

Value of consideration MLTT Rate
Up to and including $55,000.00 0.5%
$55,000.01 to $250,000.00 1.0%
$250,000.01 to $400,000.00 1.5%
$400,000.01 to $2,000,000.00 2.0%
$2,000,000.01 to $3,000,000.00 2.5%
$3,000,000.01 to $4,000,000.00 3.5%
$4,000,000.01 to $5,000,000.00 4.5%
$5,000,000.01 to $10,000,000.00 5.5%
$10,000,000.01 to $20,000,000.00 6.5%
Over 20,000,000.00 7.5%

 The City of Toronto Municipal Land Transfer Calculator

I have created a table below for quick reference as to what the land transfer costs will be commencing January 1, 2024


*Please note this table doesn’t take into the first time home buyer credit. That can be adjusted for on the tax calculators.

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Yorkville Luxury Living in a Boutique Building: 128 Hazelton Avenue Suite 501


128 Hazelton Avenue, Suite 501  

Offered for Sale at $7,295,000

501 Floor Plan

Matterport Virtual Tour


About the Building

128 Hazelton Avenue is Mizrahi Developments’ most luxurious boutique condominium. Audax Architecture, led by Gianpiero Pugliese, collaborated with Sam Mizrahi to create this elegant building that combines old European style with a modern aesthetic. As a result of the heritage nature of Yorkville, the rarity of this condo will be preserved and guarantee that it will make a statement long into the future with its dramatic limestone façade reflecting the timeless architecture. The property is nine storeys high with 17 residential suites, creating the feeling of living in your own private estate. 







Amenities include a full 24/7 concierge service providing a hotel-like experience, a common area lounge that boasts a luxurious living room with kitchen, and a backyard garden complete with a dining area and BBQ for all your catering events. The fully equipped fitness facility emulates a private gym and is suitable for hiring your own private trainer. Finally, 24/7 valet parking adds to the convenience of 128 Hazelton Avenue with the option to park your own vehicle. 


Suite Details

MPAC:3153 square feet                  Audax plans: 3176 square feet

3 bedrooms

4 bathrooms

2 car tandem parking, B 12

1 locker, C 22

Maintenance fees: $6,000     Taxes: $31,294.89



As soon as you enter this suite, you are enveloped in a sense of calm created by the neutral decor and light marble floors. The two-piece powder room is thoughtfully located here, away from the main living area where guests will be hosted. The foyer features a generous custom closet so the main entrance remains pristine, even when entertaining large groups!


Powder Room

Features include an LED mirror, sealed marble floor and countertop.


Main Living Areas 

This suite represents the epitome of fine finishes and luxury. The owner spared no expense working with Audax to create an ethereal space with a neutral palette and significant upgrades throughout. The suite features high-quality construction ensuring you don’t hear the urban bustle from outside creating the perfect oasis in which to unwind. Enjoy an unobstructed view of Yorkville and downtown Toronto while you sit on your own private terrace. Suite 501 is positioned above the homes of Hazelton Avenue, as well as the treetops in its proximity, providing south, west, and north facing views. This feature also helps flood the suite with an abundance of natural light from its 270-degree exposure. The north-facing view provides treetop views of Casa Loma and Annex neighbourhoods.


Northern Wide Plank European oak hardwood floors complement the marble floors in the bathrooms and foyer. Upgraded insulation in both bathrooms and bedrooms provide extraordinary soundproofing. The main living space is cleverly separated from the hallway and bedrooms by a custom light oak door for additional sound proofing or for containing your guests which was designed by Audax.

Automation Installed by Avante 

  • Built-in speakers in living room, dining room, bedroom, and den
  • Automatic blinds in all rooms (including drapes in in living room, dining room, and primary bedroom)
  • Lighting, TV, shades, and sound system all controlled by Control4 Smart Homes
  • Wired for security, monitoring assumable


Living Room and Dining Room 

  • South-facing windows overlooking Hazelton Avenue treetops
  • A fluid space that could be altered to create a second seating area where the current dining room is located, with living and dining combined in the larger area
  • Custom built-in cabinets in living room conceal the TV while also providing multiple shelves for collectibles
  • Built-in speakers
  • Double-sided gas fireplace separates the living room and dining room with a tasteful marble mantel that complements the kitchen island and countertops
  • Balcony (with gas barbecue connection) off dining room
  • Juliet balcony in living area
  • Ten-foot tray ceilings in both living room and dining room areas
  • Dining room doors fold open completely to offer a seamless transition between the indoor and outdoor space for entertaining.




  • Marble countertop (with TuffSkin surface protection)
  • Upgraded appliances including:
    • Miele oven and built-in microwave
    • Miele built-in coffee maker
    • Miele induction stovetop
    • Miele dishwasher
    • Miele double fridge and freezer


  • Marble waterfall island makes a bold statement
  • Built-in banquette with upholstered seat cushion creates a lovely breakfast area
  • Custom cabinetry upgrades include:
    • Channel system
    • LEGRABOX construction
    • Blum soft-close hardware
    • Custom colour
    • Upgraded interiors
    • Recycling center
    • Three cutlery divider inserts
    • Small appliance cupboard
  • Frosted glass west window brings abundant natural light to the space








Primary Bedroom 

The primary bedroom offers lovely north views of Casa Loma and Annex neighbourhoods. The room comfortably accommodates a king size bed as well as an adjacent seating area. It is tucked away at the end of the hallway for separation from the main living area.

  • Ten-foot tray ceilings
  • Oak hardwood floors
  • Juliet balcony
  • Custom drapery


Primary Bedroom Walk-in Closet 

Spacious primary closet is a fashionista’s dream!

  • Custom makeup table with porcelain top
  • Custom built-in closets easily accommodate a couple’s large wardrobe and keep things discreetly tucked away
  • Custom bench and stool by Hemme


Primary Bathroom

This bathroom feels like a sanctuary featuring a spa-like ambiance exceeding that of a five-star hotel! Abundant natural light through west-facing windows are frosted for privacy.

  • Double undermount sinks in a custom vanity with sealed marble countertops
  • Steam shower with Fantini fixtures
  • Freestanding Victoria + Albert bathtub
  • Floor, walls, and countertops are all marble
  • Separate glass toilet room with wall-mounted Toto toilet


Second Bedroom

Makes a perfect guest suite!

  • West windows with ample natural light through frosted glass windows
  • Easily accommodates a queen size bed
  • Ten-foot tray ceilings
  • Oak hardwood floors
  • Double closet with plenty of storage
  • Custom drapery


Private Second Bedroom Ensuite Washroom

  • Glass shower enclosure with rainfall shower head and hand held shower wand
  • Marble walls and flooring
  • Kohler Shower Fixtures
  • Custom vanity with oak detailing and double drawers
  • Undermount sink with white marble countertops
  • Toto wall-mounted toilet


Den or Third Bedroom

  • Currently used as a den
  • Could accommodate king size bed
  • Oak hardwood floors
  • Ten-foot tray ceilings
  • North views over Annex and Casa Loma
  • A nook that a buyer could convert to a closet if required


  • Private three-piece ensuite with marble details, custom vanity, glass shower enclosure, and wall-mounted Toto toilet


Laundry Room

Well exceeds the typical condo laundry room providing abundant storage in the custom cabinetry as well as ample counter space for folding and sorting

  • Samsung washer and dryer
  • Deep stainless steel sink with pull-out faucet
  • White Caesarstone countertops
  • Hanging rod for drying clothes
  • Two mechanical rooms



About the Neighbourhood 

If you are seeking a luxury lifestyle, this is the address for you! Yorkville is one of the most exclusive neighbourhoods in Toronto yet is convenient to all amenities. Originally a cluster of artists’ studios, Yorkville has grown and evolved over the years, though a few top galleries remain among high-end retail, fine dining, stunning Victorian homes and, more recently, elegant condo buildings.


A day in the life at 128 Hazelton could include…

  • Spa day at the Four Seasons Hotel
  • Shopping on Bloor Street’s Mink Mile and Yorkville Avenue at Hermes, Louis Vuitton, Brunello Cucinelli, Chanel, Tiffany, Royal De Versailles, Holt Renfrew, just to name a few!
  • Stroll to One restaurant for a power lunch and then head to Galerie De Bellefeuille, Loch Gallery, or Mira Godard to select the perfect piece of art
  • Explore the ROM and Gardiner Museums and have lunch at Clay
  • Walk to dinner at trendy Sotto Sotto or Michelin star rated Osteria Giulia
  • Evening drinks at the Park Hyatt Writers Room bar to enjoy unparalleled city views

Also in the Neighbourhood

  • Ramsden Park is nearby to enjoy tennis, skating, summer movie nights, an off-leash dog park for canine friends, and play structures for children or grandchildren
  • Whole Foods and Pusateri’s are both located in the heart of Yorkville for quick and easy grocery trips
  • World-renowned hospitals are a short drive down University Avenue
  • For fitness enthusiasts, Equinox Fitness, Barry’s Boot Camp and Soul Cycle are all located in Yorkville
  • Exceptional private schools are within a 15-minute drive including UCC, Branksome Hall School, the York School, and Rosedale Day School
  • Downtown is a conveniently quick drive down University Avenue or just a few subway stops away

For further information or to book a showing please do not hesitate to contact us

Helen Braithwaite

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Toronto Luxury Real Estate: 129 South Drive an Elegant South Rosedale Home

129 South Drive

Offered for Sale at $4,495,000

About the Home

129 South Drive is a hidden Edwardian gem in the heart of South Rosedale. The grandeur of this heritage home is apparent the moment you step inside and see its classic elegance, spaciousness, and the quality of the finishes. Grand and gracious principal rooms retain the old-world charm and blend with modern day living in the kitchen and main floor family rooms. The home was renovated by Walden Homes commencing in 2005, and further renovations and improvements continued over the years making this a fully turnkey opportunity in a coveted neighbourhood! The home has been impeccably maintained and is ready to be passed on to another family to enjoy for many years.

  • 3,695 square feet above grade and a finished lower level of 1,570 square feet providing a total living space of 5,265 square feet (Real Floor Plans 2023)

Links to 129 South Drive floor plans:

Main Floor

Foyer and Hall

  • Slate tiled front entrance vestibule with baseboard heating
  • Mafi oiled white oak chevron floors from Austria
  • Original staircase retained adding elegance to the foyer
  • Stained glass window on stairs, circa 1903
  • Linen closet on stair landing

Living Room

  • This space is an elegant blend of old-world charm and transitional living
  • Custom built fireplace with ornamental stone mantel and surround (currently decorative as the fireplace was capped, but could be restored if desired)
  • Mafi oiled white oak chevron floors
  • Antique chandelier restored by Turn of the Century lighting
  • North and west windows provide wonderful natural sunlight to the space
  • Painted wood panelling adds a lovely design detail
  • Built-in bookshelves to showcase books and other collectibles

Dining Room

  • This dining room is the perfect dinner party venue!
  • The dining table can currently accommodate 12 people. The current owners have hosted 18
  • Original (1903) plaster moulding
  • Mafi oiled white oak oiled chevron floors
  • Granite-topped bar cabinet also provides storage for linens, glassware, and entertaining serve ware
  • East window provides natural light to the room
  • A swinging door provides access to the kitchen and is original to the home, circa 1903


  • The current owners are avid cooks and the kitchen was designed with the utmost function in mind
  • Rosedale Kitchens custom cabinetry
  • Black honed granite countertops
  • A large undermount stainless steel sink has an instant hot water tap and garburator. The sink is nicely centred under a large west facing window
  • Chef’s island provides generous food preparation space as well as breakfast seating and secondary sink for convenience
  • Chef’s desk with upper glass cabinets, bulletin board and double pen drawers
  • Chevron marble backsplash installed in 2023
  • Oak hardwood floors with tung oil finish
  • Four-shade under-cabinet halogens replaced in 2022
  • Island light fixture installed in 2022
  • Appliances include: Dacor warming drawer, Marvel beverage fridge, Wolf 36” dual fuel, six-burner gas stove with electric oven convection option, Fisher & Paykel refrigerator (2018), Miele dishwasher (2021)

Main Floor Family Room

  • A wonderful spot to sit back and relax overlooking the south-facing English-inspired garden
  • A wood burning fireplace with wood mantel and French marble surround and hearth
  • Built-in bookcases and cabinets for storage
  • French doors with matching screen doors with walk-out to the terrace and garden
  • Oak hardwood with tung oil finish to match chevron floors
  • South-facing windows for ample natural light
  • Open to both dining room and kitchen

Main Floor Powder Room

  • Pedestal sink
  • Toilet
  • Discreetly located off main floor foyer near the kitchen

Second Floor

Principal Bedroom

This elegant room has retained much of the home’s original character yet has modern updates.

  • An elegant “Annex” fireplace mantel adds warmth to the decor. (Currently decorative though there is a gas line. The chimney was capped so work is required to properly vent the fireplace)
  • Sash windows replaced in 2018 offer both north and east exposure
  • Accommodates a king size bed
  • Oak hardwood floors
  • Walk-in closet with built-in storage

Principal Ensuite Washroom

  • Bathroom was originally renovated in 2010 and was updated in 2022
  • Statuario inspired tile throughout
  • Painted vanity has two undermount sinks and white Ceasarstone countertops
  • Large built-in mirror across the vanity with modern sconces
  • Heated floors
  • Spa-inspired shower with glass enclosure
  • North window provides natural light
  • Potlights
  • Toilet

Second Bedroom 

  • East window with California shutters
  • Oak hardwood floors
  • Double wall-to-wall closets provide excellent storage
  • A dedicated washroom is across the hall

Family Bathroom – dedicated to the second bedroom

  • Large glass-enclosed shower with marble tile wall
  • Basketweave marble tile floors throughout
  • Dark vanity with marble countertop and undermount enamel sink
  • Large built-in mirror
  • Heated floors
  • Toilet
  • West window

Third Bedroom

  • South-facing windows create a light-filled room
  • Oak hardwood floors
  • In 2022 the room was reconfigured to accommodate a large walk-in closet on the east wall
  • Floating shelves to showcase art, books, or toys

Third Bedroom Ensuite

  • Statuario inspired tile throughout
  • Deep freestanding soaker tub perfect for bubble baths!
  • Black faucets to create a dramatic contrast to the light fixtures
  • Glass-enclosed shower
  • White painted vanity with marble countertop and undermount white enamel sink

Second Floor Landing

  • Provides a great spot for a desk area and includes a large closet for storage of files, linens, etc.
  • Oak hardwood floors
  • Second linen closet

Third Floor

This floor is a flex space. It currently provides a wonderful work from home area, coupled with an upper family room with a walk-out to a deck that provides southerly treetop and city views. It could easily be converted into two additional bedrooms.

  • A bank of built-in bookshelves provides plenty of storage
  • Built-in bulletin board for organisation
  • Gas fireplace with wood mantel and marble surround
  • North and south-facing windows
  • West skylight provides wonderful natural light
  • South-facing French doors with walk-out to deck
  • Oak hardwood floors
  • This space could be divided for more bedrooms
  • Supplemental Panasonic wall unit for both heating and air conditioning
  • Deck floor was replaced in 2021

Lower Level


  • Mirrored wall
  • Wood laminate flooring
  • High ceilings making the space conducive to cardio, cross-fit training, or weight training
  • Accommodates multiple pieces of cardio and weight equipment
  • North window
  • Ventilated
  • Custom cabinetry for storage
  • Window allows light into the other area of the lower level. 


  • Samsung washer and dryer
  • Built-in cabinetry with plenty of counter space
  • A spacious room to allow for ironing, folding, and organising
  • Could also double as a craft room or workshop

Recreation Area

  • Wood laminate flooring
  • Built-in bench
  • Storage room

Back Room

  • Wood laminate flooring
  • Lots of storage in closets and built-in bookcase
  • South-facing window
  • Upper storage nook
  • Bedroom potential
  • Cold room storage

Lower-level Bathroom

  • Vanity
  • Tiled shower with built-in bench and glass wall, with a shower head that doubles as a hand-held providing a pet cleaning station if required
  • Marble tiled floors
  • Toilet
  • Could be nanny/in-law suite bathroom

Notable upgrades to the home:

  • A main floor renovation included a reconfiguration of the space increasing the kitchen size, moving basement stairway to the side of the house, and creating a main floor family room with wood burning fireplace, and converting a fourth bedroom into a master ensuite and walk-in closet, 2005
  • Second floor renovation which included adding office space and renovating family bathroom, and opening up the third floor staircase to compliment main floor heritage staircase, 2010
  • Bathroom for the second bedroom was completed in 2010
  • Removal of the stucco facade and restoration of the handsome red brick facade at the front and sides of the home, Bell Construction, 2016
  • Living room gutted, re-insulated and redesigned including new wall panels, Walden Homes, 2017
  • Living room fireplace, custom built stone mantel and surround, Tartaruga Design, 2017 
  • Mafi white oak chevron floors from Austria installed 2017 in living room, dining room and front foyer. Kitchen and family room oak floors were refinished to match
  • Updated master ensuite, 2022
  • In 2021 the fence, shed, gate, and pergola were replaced as per original 2006 design
  • Landscape lighting and irrigation system in both front and back gardens
  • Gardens were refreshed in 2017
  • Back terrace and stone steps re-leveled and repointed in 2021
  • Reconfiguration of the third bedroom to accommodate a large closet and full ensuite renovation, 2022
  • Third floor gas fireplace and built-in bookcases installed, 2010
  • Basement waterproofing on roughly 75% of the basement with an internal membrane.  Back basement room is waterproofed with external weeping tiles.
  • Central air conditioning approximately 18 years old
  • Panasonic Slim Jim heating and cooling installed on the third floor, 2010
  • Sump pump was installed 2009 and was last serviced 2019
  • New furnace, 2021
  • New roof, 2014
  • New third-floor deck, 2021
  • New eavestroughs and screens installed, 2020
  • 200 amp electrical service
  • Rogers smart system security throughout the house with a camera at front door and phone app

About the Property

129 South Drive has been professionally landscaped with an English-style garden. The front garden has a tasteful assortment of plantings. The centre bed is planted with Virginia bluebells and English ivy surrounding three hazel trees. A pebble path and yew hedges provide complete privacy from the street.

The rear garden is a sophisticated yet low maintenance urban oasis continuing in the English-style garden theme. Landscape architect Amy Turner designed the gardens, pergola and shed in 2006. The garden shed is inspired by a Japanese lightbox that provides illumination of the garden. It complements the discreet garden floodlights providing the perfect ambiance for summer evening entertaining. A centre terrace under the mature kiwi vine-covered pergola is surrounded by beds planted with perennials including multiple species of Japanese ferns, a Japanese maple, dogwood trees, oak-leaf hydrangea, hostas, and astilbe with daffodils in the spring. Perimeter boxwood hedge (replanted 2022) surrounded by shade beds of English ivy and Solomon’s seal. The garden is surrounded by mature oak, elm and maple trees that provide a green canopy all summer and spectacular colour in fall.

Other Property Information

  • Lot size 32 x 120 ft (irregular lot)
  • Legal one-car parking, no licence required as it precedes the parking pad application era. It is listed as a legal spot on the City of Toronto front yard parking list
  • Hot Water Heater is rented for $33.50 per month and there is a monthly service plan of $39.99
  • Annual property taxes $15,469 (2022)
  • Heritage “C”-rated property in the neighbourhood of South Rosedale
  • A Carson Dunlop pre-home inspection is available for review Link: Summary  and full report 

Virtual Tour

About the Neighbourhood

129 South Drive is in the heart of South Rosedale! The home is just steps to the beautifully restored gates of Craigleigh Gardens, providing access to the park that was formerly the site of Sir Edmund Osler’s “Craigleigh” property.  Beside the park is Milkman’s Lane, a path that connects to the extensive Rosedale-Moore Park ravine system. Visitors enjoy walking, cycling and a true escape from city life right at their doorstep including the Evergreen Brick Works, a combination nature preserve and event space.

Rosedale is a unique neighbourhood as it has a quiet suburban feel yet it is a mere fifteen minutes to downtown Toronto by car or subway. The Rosedale bus stop is located steps away for those aspiring to leave a greener footprint.

The shops and restaurants on Yonge Street and Roxborough Street are a walk away.  The choice is incredible: Greenhouse Juice, Sorrel, Avant Gout, Quanto Basta and Terroni to name just a few. One can enjoy a walk to the flagship LCBO, created from a former train station just up Yonge Street a few blocks. Harvest Wagon, Pisces Fish, Nadege, and Olliffe Butcher Shop are the perfect spots to shop for ingredients when hosting a dinner party. There is a wonderful assortment of high-end fashion boutiques and home accessory stores from Crescent Road up to Woodlawn Avenue. Clementine’s, Tuck Shop Trading Co., Putti, Wolf and Moon, Thursdays, Narwhal Boutique, and Absolutely are all popular shopping spots. Juno Vet has just opened on Yonge Street for any of your pet needs.

Just down the street from the home is Rosedale Presbyterian Church. Rosedale United Church and other places of worship are also nearby. Mooredale House, the local community centre, offers a variety of programs and is close by on Crescent Road. The Toronto Lawn and Tennis Club, a private sports club, is nearby and the Granite Club is a quick drive up Bayview Avenue.

Across the Glen Road Bridge to North Rosedale there are the conveniences of Summerhill Market, Rosedale’s Finest, Dolce Moda, two dry cleaners, a flower shop, a design store, and a veterinary clinic.

For those looking for high-end shopping and further fine dining choices, Bloor Street’s Mink Mile and Yorkville are a mere two kilometres away.

Branksome Hall School, a private girl’s school, is a short walk away as well as Rosedale Junior Public School which has a 9.9/10 rating by the Fraser Institute.

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Toronto Luxury Real Estate: Twelve Days of Giving

Over the past few years, we have celebrated “Twelve Days of Giving” by making donations over a period of twelve days to various charities that are close to our hearts. We are very grateful for our success in real estate and are happy to give back to local charities, especially in these times of economic uncertainty. Below you can read about the organizations we are supporting this year.

First Day of Giving

Canadian Cancer Society

This donation was made in memory of my father KEITH BRAITHWAITE. We lost him this past year after his battle with cancer and I feel this is a cause that continually needs our support. Though the treatment curbed the cancer, he never bounced back afterwards. I think that more research is required to figure out how to cure cancer without the negative long-term effects of the treatment. We have made amazing progress and with further funding we can hopefully cure this insidious disease.

Second Day of Giving

Toronto Sick Kids Hospital

With the news of this hospital being beyond capacity due to the combination of COVID, flu and RSV, it is clear that continued support is needed. Sick Kids is world-renowned, and a celebrity message is helping to get the word out.

Ryan Reynolds continues his campaign to raise funds for this amazing hospital. “Ryan’s ugly/not ugly holiday sweater is back. And this year it’s talking – asking you to join Ryan in bringing joy to kids in hospital by donating. Donate before midnight on December 24, and friends at Samsung will match your donation for double the impact.​”

Third Day of Giving

Campfire Circle

Campfire Circle is the new name for the now-amalgamated Camps Oochigeas and  Trillium, both of which offer programs for children with cancer. They not only provide summer camp for these kids but also provide bedside craft kits and run camp-style programs within the hospital to help distract these children from their battle.

Fourth Day of Giving

Canada-Ukrainian Foundation

Early in 2022, Ukraine was invaded by Russia and there appears to be no end in sight. So many Ukrainians have been displaced and some have sought refuge in Canada. A donation can be directed to Ukraine to assist those left fighting or funds can be directed to help those who fled to Canada. Supporting Ukraine is so important as this invasion challenges our freedoms and democracy.

Fifth Day of Giving

The Stop Community Food Centre

The Stop is more than just a food bank. It provides drop-in meal programs, a healthy food bank, perinatal support, good food markets, community kitchens, healthy cooking demonstrations, nutritional counselling, housing and legal advice. They also offer workshops on tenant and employment rights, movie screenings, arts and crafts, as well as urban gardens to provide fresh produce to those in need. I continually feel this is a wonderful organization to support.

Sixth Day of Giving

Daily Bread Food Bank

With inflation so high and access to healthy food becoming more difficult, we continue to donate to food banks. Inflation is outpacing pay raises and rents are skyrocketing to the extent that more and more people are visiting food banks. By the end of 2022, there will have been over 2 million visits to food banks in the City of Toronto. The Daily Bread Food Bank supports inner city neighbourhoods where many are struggling to put food on the table.

Seventh Day of Giving

Mental health and depression continue to be prevalent in kids, especially when they head off to university. The staggering fact is that suicide remains the number one cause of death among our youth. “ is Canada’s only charity training and empowering young leaders to revolutionize mental health in every province and territory.” They host talks and have chapters within communities to talk openly about mental health issues.

Eighth Day of Giving

Toronto Foundation for Student Success

One in four kids lives in poverty in Toronto.  Many of these kids go to school hungry. The Toronto Foundation for Student Success (TFSS) provides programs to assist children struggling. They offer student nutrition programs, “Beyond 3:30pm” after school programs, vision and hearing clinics, and an emergency fund to provide financial support in emergency situations.

Ninth Day of Giving

Stella’s Place

Stella’s Place provides mental health services to youth between the ages of 16-29 living in Toronto. This organization helps those suffering from anxiety, depression, self-esteem issues or coping with trauma, life transitions and sexuality struggles.

Tenth Day of Giving

YWCA 1st Stop Woodlawn

We park on Woodlawn when we go to our Chestnut Park office. The 1st Stop Woodlawn residence run by the YWCA is located on this quiet tree-lined street. 1st Stop is an emergency shelter for women who are homeless or in distress, and supporting them is a wonderful opportunity to support a charity right in our neighbourhood. The residence provides 72 private rental rooms for women and gender-diverse individuals. They also  provide free breakfasts and subsidized dinners, a community kitchen, an outdoor garden, and financial planning workshops. With affordable housing becoming a challenge, it is nice to know the YWCA offers options for those who can’t afford accommodation in Toronto.

Eleventh Day of Giving

Salvation Army

Over 2.6 million people were helped by the Salvation Army last year. People in need received food, clothing and/or practical assistance, and 5,500 shelter beds were provided for people in need.

Twelfth Day of Giving

CTV Toy Mountain

So many kids don’t receive gifts under their Christmas trees, so it’s always nice to donate to the Salvation Army as they help to provide toys to kids in need. You can also drop off an unwrapped toy at various locations in throughout the City of Toronto and surrounding areas.

We wish everyone a joyous holiday season! Please remember to give generously to those in need.

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Toronto Luxury Real Estate: Market Report October 2021

Prepared by: Chris Kapches, LLB, President and CEO, Broker

As forecast in our September Market Report, sales have continued to decline on a year-over-year basis. In October 4,961 properties were reported sold in the greater Toronto area, almost 50 percent fewer than the 9,743 properties that changed hands last October. The decline in sales is a continuation of a pattern that started in March when the Bank of Canada began its fight against inflation by increasing its benchmark rate. The Bank further increased the benchmark rate by 0.5 percent in late October bringing the current rate to 3.75 percent. In early March the rate was 0.25 percent, an eyepopping increase of 1,400 percent.

Notwithstanding these incredible rate increases, which in turn have been reflected in rising mortgage interest rates, which currently range between 5.25 to 5.75 percent, there are aspects of the resale market that reflect its underlying strength and resilience. Although average sale prices are substantially lower than in February, over the last few months they have stabilized, and in fact are slowly rising.

Average sale prices hit a low of $1,074,052 in July. At this point rising mortgage interest rates were still being absorbed. Since then average sale prices have increased by almost 1.5 percent to $1,089,426, inspite of further mortgage interest rate increases.

Similarly, the number of monthly reported sales has also stabilized.

Monthly sales have plateaued around 5,000, again notwithstanding the impact of the rising benchmark rate and, even more surprising, the rise in average sale prices, albeit moderately, over the same period.

It should also be noted that the number of properties coming to market have also been decreasing. In October 10,390 new listings were posted on the Toronto Regional Real Estate Board’s MLS system, almost 12 percent fewer than the 11,749 listed last October.

Granted the number of reported sales is consistent with the reported sales in 2008 during the catastrophic downturn in the equity markets, these three – factors stabilized sales, rising (moderately) average sale prices, and the declining number of new properties coming to market – portend what will happen to the Toronto and area resale market at the first sign that mortgage interest rates have stabilized, and more importantly when they reverse and start heading downward. When that happens the market will dramatically accelerate, returning to a pace reminiscent of pre-pandemic levels. Based on the Bank of Canada’s most recent pronouncement on the economy and inflation, that should happen by the second quarter of 2023. The Bank indicated that by the end of next year inflation should be reduced to 3 percent returning to 2 percent by 2024.



On November 1st, the Federal Government announced that it is planning a massive increase in the number of immigrants entering Canada, with a goal of bringing 500,000 new immigrants to this country by 2025. In the interim, over 400,000 new immigrants will be entering Canada in each of 2023 and 2024, and close to half of them finding their way to Ontario. All of these factors point to the resurgence of an incredibly strong resale market in the greater Toronto area. Notwithstanding the recent provincial government announcement of legislation designed to increase supply (More Homes Built Faster Act, 2022), optimistically by 1.5 million homes over the next decade, demand will painfully outstrip supply, creating pandemic-like resale market conditions.


Looking ahead to the end of 2022, what we have been experiencing, both in terms of sales and average sale prices and as setout in the charts in this Report, will continue with little change, except for a further seasonal slowdown in December and January of 2023.


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Toronto Luxury Real Estate: 6 Edgewood Crescent ~ a North Rosedale Gem

Offered for sale at $3,499,000

6-Edgewood-Crescent Full photos and Virtual Tour

Casual elegance abounds the moment you enter the front gate of this lovely, bright and spacious property. The handsome brick home, elegantly landscaped garden and charming front veranda offer excellent curb appeal. This turnkey North Rosedale home was renovated in 2009 by designer Stacy McLennan and was featured in November 2013 holiday edition of Style at Home magazine. Situated on one of the best cul-de-sacs in Rosedale, there there is a strong sense of community among the wonderful neighbours, and the home is a convenient walk to parks, schools, ravine trails, and the shops on Summerhill Avenue. With nearly 3000 sf of above-grade space, this charming and tasteful home is the perfect entry into this signature neighbourhood for a growing family or could be a generous pied-à-terre for a couple.

4+1 Bedroom

5 Bathroom

Inclusions: Sub-Zero integrated side by side refrigerator, Capital gas stove, Marvel wine fridge, Bosch dishwasher, Electrolux washer, LG dryer

Exclusions: All furnishings, art and primary suite drapes


  • Second floor family bathroom completed 2004
  • Extensive renovation and extension in 2009, designed by Stacey McLellan 
  • Kitchen custom designed by Stacey McLellan with Jack Medland custom cabinetry 
  • Family room extension with new windows overlooks sunny west yard
  • Basement extension with waterproofed walls  
  • Principal spa bathroom designed by Stacy McLellan
  • Principal walk-in closet extension
  • New heat pump 2022 to service space pack air-conditioning
  • All new windows that are a mix of double and tripe glazed
  • All leaded glass windows were installed by current owners with a neutral colour palette for a more modern feel
  • Newer streamlined modern radiators installed some of the home
  • Unique exterior brick provides the charm and elegance of an English country home
  • Hot water tank is owned and purchased in 2017
  • Alarm system

Main Floor 

The main floor layout is perfect for modern-day living. An elegant, formal living room at the front of the home was retained, while the rest of the layout was transformed into a tasteful, functional, open-concept space. 

Living Room 

  • Provides a spot for formal entertaining
  • Stately wood-burning fireplace with wood mantel and stone inlay
  • East bay window overlooks the pretty front garden and streetscape
  • Hardwood floors
  • Crown molding

Dining Area

  • Open to both the family room and the kitchen for easy entertaining
  • Large south-facing windows 
  • Hardwood floors

Family Room 

  • Light-filled with south, west and north Loewen windows
  • French doors provide a walk-out to the deck and landscaped garden 
  • Hardwood floors 


  • Open to dining area
  • A series of upper south windows provide abundant light while retaining privacyKitchen
  • U-shaped layout perfect for cooking, meal preparation and socializing
  • Generous island provides additional counter space as well as seating in the centre 
  • A deep stainless steel farm sink centered under the window provides a lovely back garden view
  • White custom cabinetry with chrome hardware and soft-close drawers designed by Stacy McLellan and produced by Jack Medland
  • Granite countertops
  • Integrated garbage compartment
  • Pantry cupboard with pull out drawers 
  • Shelves for cookbooks and microwave 
  • Hardwood floors

  • Appliances: Integrated Sub-Zero side-by-side refrigerator, Bosch stainless steel dishwasher, Capitol stainless steel gas range, Panasonic stainless steel microwave

  • Two-piece powder room is located discreetly off the front foyer
    • Pedestal sink 
    • Toilet 
    • Towel bar
    • Leaded glass window
    • Tile floor


Second Floor 

The Primary Suite

  • Easily accommodates a king-size bed and two side tables
  • Hardwood floor
  • West windows provides garden views
  • Built-in desk/vanity nook with mirror 
  • Double mirrored doors open to a generous and light-filled walk-in closet with the south-facing window centered in the space providing abundant light  
  • Closet has custom built-ins providing ample storage for clothes and accessories

 The spa-inspired primary bathroom is extremely spacious and the perfect spot to unwind after a long day! 

  • Curvaceous freestanding acrylic soaker tub centered under window providing garden views
  • Marble inlaid tile is integrated with larger porcelain tiles to provide visual interest yet maintain a calm ambience 
  • White painted-wood double vanity with marble countertop 
  • White painted-wood frame double mirrors with integrated light sconces 
  • Two skylights allows natural light to flood into the room throughout the day
  • Separate generous glass and marble shower enclosure with built-in marble bench seat, both rain and conventional shower heads 
  • Toilet is tucked behind a wall a wall for privacy
  • Heated floors

Second Bedroom

This spacious room is a flexible space. It was [are you staging this as a bedroom? If not, then say “is being” rather than “was”] used by the current family as an upper family room and office, but it also makes a wonderful spot for a bedroom   

  • Ample natural light with two sets of east-facing bay windows 
  • The wood-burning fireplace with integrated built-in cabinetry adds a focal point to the space and creates a great seating area 
  • Hardwood floors

Family bathroom

  • Ceramic tile floor 
  • Dark wood vanity
  • Limestone countertop
  • White ceramic vessel sink
  • Chrome faucets and hardware 
  • Mirror
  • Frosted-glass south window 
  • Large glass shower enclosure with ceramic tiles and stone bench seat

Third Floor

It is nice to know your kids are safely tucked in above you and these rooms are the perfect size for little ones to grow into! As they become teenagers, I think they appreciate the independence. 

Third Bedroom 

  •  East windows 
  • Double closet 
  • Light oak composite floors

Fourth Bedroom

  • West window
  • Light oak composite floors
  • Closet

Third Floor Family Bathroom

This bathroom has been recently updated with a new shower enclosure  

  • Crisp white wall tiles complement the marble shower floor tiles
  • Bold black faucets and hardware add a statement to the space
  • White cabinetry and white laminate countertop
  • Ceramic sink 
  • White floor tiles
  • Please note glass shower enclosure will be installed shortly 

Lower Level

The recreation area is flexible with a spacious TV area for kids or adults as well as enough space for a desk area or a pool table.

  • Broadloom
  • South windows 
  • Laundry Closet with north window
  • Electrical Panel closet and storage

Room for the Peloton

Lower Bedroom

  • North windows
  • Closet
  • Broadloom
  • Nanny suite potential

Three-piece Washroom 

  • Renovated 2006
  • Pedestal sink new 2022
  • Ceramic tile floors
  • Bain Ultra spa soaker tub with jets and coloured lights for a little fun at bath time that is combined with shower 
  • Services both the lower level bedroom and recreation area

Storage Room

Utility room has a laundry sink and additional storage potential 

The Property

30 by 145 lot size

  • Professionally landscaped garden with amazing outdoor living space  
  • Tasteful stone-scaped paths and patio 
  • Stunning concrete outdoor gas fire pit creates outdoor living area under vine covered trellis 
  • Multiple outdoor areas provide space for both outdoor dining and living
  • A wonderful front veranda provides another outdoor seating area and is the perfect spot to enjoy your morning coffee, a summertime drink or time with neighbours 
  • Fully fenced yard, both front and back  
  • Rear yard water faucet off the back deck supplies one warm and one cold water to easily clean canine friends 
  • High-end landscape lighting front and back controlled through a phone app
  • In-ground sprinkler system front and back
  • One-car garage newly constructed in 2004 accessed through a laneway off Jean Street
  • One-car street permit parking for a second vehicle 
  • An excellent pre-home Inspection is completed and available for review (the only matter noted on the summary was that the shingles on the garage are at end of life) 
  • Survey is available for review
  • Taxes: $13,679

The Neighbourhood

6 Edgewood Crescent is in the heart of North Rosedale and just steps to Chorley Park, a tranquil jewel in the city. Just below the park is Evergreen Brick Works, a combination nature preserve and event space. The Brick Works offers a weekend farmers’ market, casual fine dining at Café Belong and a garden center.  It is the perfect spot for a nature walk on the Brick Work trails and there are a variety of interesting events hosted throughout the year. Chorley Park also connects to the extensive Rosedale-Moore Park ravine system where you can enjoy walking, cycling and a true escape from city life right at your doorstep.

Rosedale is a unique neighbourhood as it has a quiet suburban feel yet it is a mere fifteen minutes to downtown Toronto by car or subway.  North Rosedale truly is country living within the city! The Rosedale bus stop is located nearby for those aspiring to leave a greener footprint.

North Rosedale offers the conveniences of Summerhill Market, Rosedale’s Finest, Dolce Moda, two dry cleaners, a flower shop, a design store, and a veterinary clinic all located a short walk away on Summerhill Avenue. Rosedale Park is a few blocks away and has a playground and areas for ping pong, soccer, tennis, and baseball, plus skating in the winter. 

If you are in the mood for a nice walk, the shops and restaurants on Yonge Street and Roxborough Street are approximately two kilometers away. Rosedale United Church is nearby, and many other places of worship are in proximity. Mooredale House, the local community center, offers a variety of programs and is nearby on Crescent Road. The Toronto Lawn and Tennis Club, a private sports club, is nearby and the Granite Club is a quick drive up Bayview Avenue. 

For those looking for high-end shopping and further fine dining choices, Bloor Street’s Mink Mile and Yorkville are a ten-minute drive or a half hour stroll away.

Please note: 6 Edgewood Crescent resides in the Whitney School district which is ranked 10 out of 10 by the Fraser Institute 

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Toronto Luxury Real Estate: 38 Gwendolen Crescent is an Executive Lease Opportunity!

Offered for lease at $7200 per month

This elegant four bedroom home is nestled on the ravine, is steps to Gwendolen Park and the ravine trails accessing Earl Bales Park. It truly is an urban oasis however provides easy access to both the 401 and the TTC located at Yonge and Sheppard.

The home offers

  • Spacious light filled principal rooms
  • French doors in the living room
  • High ceilings
  • Gourmet kitchen with granite counter tops, ravine views and a wonderful breakfast area to enjoy nature from inside.
  • The family room has a fireplace and garden views with walk out to deck
  • The Dining room can accommodate a large table for your entertaining needs
  • A skylight on the second floor has sun streaming down the staircase providing wonderful natural light throughout the home.
  • Primary bedroom overlooks the garden and easily accommodates a king bed and has room for an elegant seating area creating the ultimate retreat
  • Spa like primary ensuite has large soaker tub, separate shower , double sinks. large vanity with marble counters
  • Three other spacious bedrooms are all light filled with there is a shared family bathroom
  • Elevator to service all floors
  • Lower level recreation has excellent natural light, a fireplace and walk out to garden
  • Lower level laundry room
  • Updated lower level three piece washroom
  • Two car garage with direct entry to the home!
  • Storage room
  • There is access to ravine trails from your back garden 

A few key  points to highlight

  •  Gwendolen Tennis Club is North York’s top tennis venue and is just down the street. The tennis pros are exceptional.
  • Cameron Public School is steps away so kids can come home for lunch!
  • 38 Gwendolen is location in a special enclave that has a tight community with very low turnover.
  • The Yonge and Sheppard area of North York has undergone a real transformation over the past few decades and the area has become a sought-after, revitalized uptown location. The Yonge and Sheppard Centre underwent an extensive transformation designed by Quadrangle Architects. Quadrangle created a contemporary facade that spiced up was was an outdated shopping plaza. As well, the shopping centre increased the number of shops and amenities during this overhaul.  There is a daycare, new food court, and an LA Fitness. Whole Foods and LCBO are close by in the Hallmark Centre, another development that has added to the vibrancy of Yonge and Sheppard.
  • The home is a short walk to Yonge and Sheppard! From the Yonge and Sheppard station it is less than a half hour subway ride to get to downtown Toronto.
  • Yonge and Sheppard has amazing highway access with the 401 right there. It is 20 minutes to Pearson International Airport and a quick exit from Toronto to your cottage or ski chalet.

Please contact us for further information or to book a private showing of this special rental property.

Front Foyer

Front Hallway

Living Room

Dining Room

Gourmet Kitchen with Granite Countertops

Ample kitchen storage and the perfect triangle for meal preparation!

Breakfast room with walk out to back deck and garden

Back garden deck with steps to garden

Main floor family room with garden views and fireplace

Sun-filled Stairway

Elevator services all three floors.

Spacious Primary Suite

Ravine Views from Primary Bedroom

Primary ensuite has marble counter tops, double sink vanity, separate shower and soaker tub

Primary Ensuite Deep Soaker Tub

Bedroom Two

Bedroom Three

Bedroom Four- can also be used as an office space

Family Bathroom

Lower Level living area with fireplace and large windows

Lower Level Washroom

Lower Level Laundry

Back Garden with Deck and Stone Patio

Ravine Garden has a Gate to the Ravine Trails

Handsome Exterior with Attached Garage with Direct Entrance to the Home on Lower Level

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Toronto Luxury Real Estate: June 2022 Market Report

June 2022 Market Report

Provided by Chris Kapches, President and CEO of Chestnut Park Real Estate Limited

Not unexpectedly June produced a substantial negative variance when compared to the numbers that the Toronto and Region residential resale market produced in June of 2021. Rising mortgage interest rates have over the last three months caused sales to drop fairly precipitously, and although sales prices are off from their high of February of this year, they remain higher than average sale prices achieved last June.

In June 6,474 properties were reported sold, a 41 percent decline from the 11,053 properties reported sold last June. The average sale price came in at $1,146,254, more than 5 percent higher than the average sale price of $1,088,991 achieved last June. Having said that, a review of what’s been happening since February, both as to sales and average sale price, gives a more accurate description of where the Toronto and Region residential sales market is going.

In February 9,044 properties were reported sold achieving an eye-popping sale price of $1,334,142. One could safely say that February was the height of the pandemic, liquidity-induced resale market. March produced more sales (10,902) but could not sustain the unprecedented average price. March’s average sale price dropped to $1,299,468. Higher mortgage interest rates kicked in April and since then both sales and average sales prices have declined dramatically.

As the above-noted chart indicates, since February the average sale price has declined by $185,000, or 14 percent, and since March, sales have declined by more than 40 percent. These declines can be charted in direct relationship to the increase in mortgage interest rates. Although declines in both sales and average sale prices will continue as the Bank of Canada raises its benchmark rate in its effort to fight inflation, those declines will be more moderate going forward, unless the Bank of Canada raises rates so high that it tips the Canadian economy into recession.

Interestingly, June’s numbers continue to demonstrate that the demand in the Toronto and Region resale market has not dissipated with rising mortgage interest rates. In June, all properties (on average) sold in just 15 days, only 2 days more than the 13 days it took last year. (This number may not be entirely accurate since it does not reflect properties that were listed and cancelled, then relisted at a lower price). Also, all properties reported across the region sold for 100 percent of their asking (also not an entirely accurate number) and in the City of Toronto at 101 percent of their asking price.

Regardless of the precise accuracy of these numbers they clearly demonstrate that there are many buyers in the marketplace searching to buy homes. As more immigrants settle in the greater Toronto area the demand will continue to grow and create the same market pressures that manifested themselves before and during the pandemic. They won’t be fully apparent until the Bank of Canada has inflation under some control and mortgage interests rates stop rising.

It should be noted that whereas during the pandemic (not that it is no longer with us) properties in Toronto’s 905 region sold faster and at higher prices than homes in the City of Toronto. That pattern has been reserved. As health and travel restrictions have eased, buyers are no longer looking for the space and safety that ground-level properties in the 905 offered. In June every housing type in the City of Toronto – detached, semi-detached, townhouse, and condominium apartments – achieved average sale prices substantially higher than corresponding counterparts in the 905 regions. Secondary markets – markets within 200 kilometers from Toronto – are similarly experiencing downturns both in average sale prices and sales.

The number of new listings coming to market will also have a substantial impact on both sales and average sale prices. In June 16,347 new listings came to market. This compares favourably with the 16,193 that came to market last year. However, due to declining sales, we enter July with 16,093 properties available to buyers, 42.5 percent more than June last year. If this continues buyers will have more choice, sale prices will be negotiated in the buyers’ favour, and more properties will languish on the market until they are sold or the listings cancelled.

Early indications in July are that the slide in sales and average sale prices will continue. Buyers are waiting to see how high the Bank of Canada will raise rates, and as a result how much lower prices will drop.

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