Last June we wrote a blog comparing what your money bought you in 2013 versus what it did in 2008. You read the blog here. It was evident from these sales that prices had gone up substantially in five years. In this blog we want to show you what your money buys you in 2014 versus what it did just last year.You will see that prices have reached stratospheric levels and if you’re a home buyer waiting for the market to crash before buying, it may be prudent to act now instead of waiting. Doing so in Toronto, as evident from these examples, can wipe you out of the market completely.
As a matter of fact all of the following houses that sold in 2013 have gone up in value by at least 10% and a few even as high as 20% since they sold in 2013.
Regal Heights
In 2013 one could buy a top quality rebuilt move up buyer house in Regal Heights for $1,450,000 and in 2014 a buyer paid slightly less for a similar size house that was partially renovated 9 years ago in the same area.
116 Lauder Ave in Regal Heights
Sold for $1,450,000 in Feb 2013
Lot size: 30 ft by 115 ft
Type: Detached
Style: 3 Storey
Bedrooms: 4 w/2 having en-suite bath
Bathrooms: 5
Basement: Finished w/8 ft ceiling height
Driveway: Mutual
Parking: 1 car
Condition: Exceptional
48 Highview Cres in Regal Heights
Sold for $1,422,000 in Feb 2014
Lot size: 35 ft by 118 ft
Type: Detached
Style: 3 Storey
Bedrooms: 5
Bathrooms: 4
Basement: Finished
Driveway: Private
Parking: 3 cars
Condition: Excellent
See the listing
Hillcrest Village
In 2013 one could buy a 3 bedroom in prime Hillcrest Village (Woods streets) with a main floor family room for $882,000 and in 2014, a buyer paid 7.7% more to buy a 3 bedroom further west without a main floor family room.
65 Cherrywood Ave in Hillcrest Village
Sold for $882,000 in February 2013
Lot size: 25 ft 120 ft
Type: Detached
Style: 2 Storey
Bedrooms: 3
Bathrooms: 2
Basement: Finished
Driveway: Mutual
Parking: 1 car
Condition: Excellent
102 Atlas Ave in Hillcrest Village
sold for $950,000 in February 2014
Lot size: 25 ft x 200 ft
Type: Detached
Style: 2 Storey
Bedrooms: 3
Bathrooms: 3
Basement: Finished
Driveway: Mutual
Parking: 3 cars
Condition: Excellent
See the listing
Cedarvale
In 2013 one could buy a bungalow on a 30 foot lot with a private drive on Winnett Ave in Cedarvale for $602,000 and in 2014, a buyer paid 13.8% more for a bungalow on a 25 foot lot with a mutual drive on the same street.
438 Winnett Ave in Cedarvale
Sold for $602,000 in March 2013
Lot size: 30 ft by 133 ft
Type: Bungalow
Bedrooms: 2
Bathrooms: 2
Basement: Finished
Driveway: Private
Parking: 1 car
Condition: Good
442 Winnett Ave in Cedarvale
Sold for $685,100 in February 2014
Lot size: 25 ft by 133 ft
Type: Bungalow
Bedrooms: 2
Bathroom: 2
Basement: Apartment
Driveway: Mutual
Parking: 1 car
Condition: Good
See the listing
Oakwood/Vaughan
In 2013 one could buy a fully renovated 3 bedroom with an addition east of Oakwood in Oakwood/Vaughan for $640,000 and in 2014, a buyer paid $661,000 for a partially renovated 3 bedroom without an addition located in the less popular west side of Oakwood on the same street.
28 Holland Park Ave
in Oakwood/Vaughan
Sold for $640,000 in July 2013
Lot size: 16 ft by 105 ft
Type: Detached
Style: 2 Storey
Bedrooms: 3
Bathrooms: 2
Basement: Finished
Driveway: Private
Parking: 2 cars
Condition: Excellent
136 Holland Park Ave
in Oakwood/Vaughan
Sold for $661,000 in April 2014
Lot size: 25 ft by 95 ft
Type: Detached
Style: 2 Storey
Bedrooms: 3
Bathrooms: 2
Basement: Finished
Driveway: Mutual
Parking: 1 car
Condition: Good
See the listing
Hillcrest Village/Dovercourt-Wallace
In 2013 one could buy a 3 bedroom townhouse with a private drive and built in garage in Hillcrest Village on Robina Ave for $714,000 and in 2014, a buyer paid more for a 3 bedroom townhouse on Brandon Ave. in a less popular area.
17A Robina Ave in Hillcrest Village
Sold for $714,000 in June 2013
Lot size: 18 ft by 130 ft
Type: Semi detached
Style: 2 Storey
Bedrooms: 3
Bathrooms: 3
Basement: Finished with walk out
Driveway: Private
Parking: 3 cars
Condition: Excellent
143 Brandon Ave in Dovercourt-Wallace
Sold for $726,000 in March 2014
Lot size: 17 ft by 93.5 ft
Type: Semi detached
Style: 3 Storey
Bedrooms: 3
Bathrooms: 4
Basement: Finished
Driveway: Lane
Parking: 1 car
Condition: Excellent
See the listing
Cedarvale/Corso Italia
In 2013 one could buy a rebuilt semi detached on a 20 foot lot in Cedarvale for $718,018 and in 2014, a buyer paid just slightly less to live in a less popular area on a 16 foot lot in Corso Italia.
3 Belvidere Ave in Cedarvale
Sold for $718,018 in March 2013
Lot size: 20.46 ft by 110 ft
Type: Semi Detached
Style: 2 1/2 Storey
Bedrooms: 2 plus 1 small one
Bathrooms: 3
Basement: Finished
Driveway: Mutual
Parking: 1 car
Condition: Exceptional
82 Auburn Ave in Corso Italia
Sold for $698,000 in April 2014
Lot size: 16 ft by 113 ft
Type: Semi detached
Style: 2 Storey
Bedrooms: 3
Bathrooms: 3
Basement: Apartment
Driveway: Lane
Parking: 1 car
Condition: Excellent
See the listing
