#7367541 - 11/01/13 08:21 AM
Re: Leaside - its affordable!
[Re: Choco 'Nuck]
|
JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29150
Loc: Toronto
|
If I'm paying 900k for a house if better not be a tiny shit bag.
_________________________
-Jeff
|
|
Top
|
|
|
|
|
#7367562 - 11/01/13 08:28 AM
Re: Leaside - its affordable!
[Re: SuPeR-MaRiO]
|
4age
XD XD XD XD
Post Master Sr
Registered: 09/11/01
Posts: 3969
Loc: North York, Ontario, Canada
|
Wait, what?
That actually isn't bad!!! /torontodweller
Edit for context: Houses near me are sub 1000sq ft bungalows built in the 50s.
Lot size is wider, but the house itself is much smaller. Most don't even have garages. The going price on those are between 800 to 830 depending on condition and amount of refinishing inside. So for 50k more, u get more size and more floors in a similarly good location + less property tax + attached garage & driveway. It's just the reality of *houses* in more desirable neighborhoods.
Edited by 4age (11/01/13 08:31 AM)
|
|
Top
|
|
|
|
|
#7367702 - 11/01/13 09:30 AM
Re: Leaside - its affordable!
[Re: Euphoricuck]
|
87ZCSi
Post Master Sr
Registered: 09/06/00
Posts: 7166
Loc: Portland and Toronto
|
Why? It's not bullshit, or speculation, this is REALITY.
|
|
Top
|
|
|
|
|
#7367720 - 11/01/13 09:37 AM
Re: Leaside - its affordable!
[Re: Choco 'Nuck]
|
C J Fly
Post Master Sr
Registered: 08/01/00
Posts: 5766
Loc: Tondo, Manila, Philippines
|
http://www.thestar.com/life/homes/2013/11/01/what_they_got_houses.html Location: 261 Donlea Dr.,
Eglinton Ave. and Brentcliffe Rd.
Asking price: $899,900
Sellingprice: $880,000
Previous purchase price: N/A
Size: about 1,200 sq. ft., plus a 600 sq. ft. basement
Lot: 34 by 135-ft., single-car attached garage, private drive
Taxes: $5,614 (2012)
Bedrooms: 3
Bathrooms: 2
Days on the market: 11 I guess if I want to move back to Toronto, it ain't going to be leaside.
notbadobama.jpg
_________________________
Current Stable : 11 Toyota GSL30 | 07 Toyota S190 | 01 Ford SN95 Cobra | 99 Honda EK4 | 86 Ford GT Cobra GT |
|
|
Top
|
|
|
|
|
#7368199 - 11/01/13 12:44 PM
Re: Leaside - its affordable!
[Re: Senor Eduardo_82]
|
4age
XD XD XD XD
Post Master Sr
Registered: 09/11/01
Posts: 3969
Loc: North York, Ontario, Canada
|
Is the agent seriously suggseting that buying that place for the better part of $!MM.... AND THEN TEARING IT DOWN AND BUILDING A CUSTOM HOME.... is a good idea? “This detached home, originally built in 1949, offers a wonderful opportunity to enjoy as is, updated and enlarged, or torn down to build a new home,” says listing agent Sarah O’Neill.
It's pretty common practice. I know the #s are staggering, but it absolutely is not out of the ordinary for that area.
|
|
Top
|
|
|
|
|
#7368200 - 11/01/13 12:45 PM
Re: Leaside - its affordable!
[Re: Big Tasty]
|
4age
XD XD XD XD
Post Master Sr
Registered: 09/11/01
Posts: 3969
Loc: North York, Ontario, Canada
|
|
|
Top
|
|
|
|
|
#7368236 - 11/01/13 12:57 PM
Re: Leaside - its affordable!
[Re: 4age]
|
Euphoricuck
Post Master Supreme
Registered: 11/05/03
Posts: 92703
Loc: Canadistan
|
none of those 1+ mil places are selling anyways.
more like nailed yourself in the face with a stupid financial decision 
For slummy places between a million and $1.5, F’s decision to punt mortgage insurance made all the difference between 2012 and 2013 sales. If you thought only millionaires bought million-dollar houses, eschewing financing, you’re dead wrong. I told you a year ago about a young lawyer who bought a skinny, faux baronial mansion in Toronto’s monument to the Stepford Wives (Leaside) for $1.44 million, and put just 5% down. Today it would take $290,000 in cash (plus another $49,800 in land transfer tax) to swing the same deal.
Beyond that, rich people are usually smart enough to avoid owning declining assets, especially in an economy like this which is losing juice fast. Luxury properties are sinkholes for money and if they’re no longer turning out capital gains to compete with equity markets, they get deumped.
_________________________
|
|
Top
|
|
|
|
Moderator: c2k, LNXGUY, TheRealCSnapper, Professor Paki
|
|
