A refreshed emphasis on lifestyle has been driving a shift in demand across Toronto for properties designed to accommodate the work-from-home normal. The Agency’s annual report, The Red Paper, noted local buyers were motivated to move to Toronto’s East and West Ends, where they found great comparable value, paired with more space, yard and fresh air.
High-rise living is synonymous with big city life, and Toronto boasts some of the most luxurious high-end buildings in North America. In 2020, living life at the top wasn’t a high priority for buyers who looked further afield when the pandemic struck with condominium sales dipping 9% from 2019, but median prices rose 6%.
Toronto’s high-rise lifestyle is tipped to make a comeback in 2021 when international investors slowly return to the market and younger buyers can comfortably return to city life. New condominiums are set to be completed, infusing the city market with fresh inventory and plenty of options.
One hour away, Waterloo Region is seeing a migration from Toronto and other urban centers as buyers seek more land, space and value for their money. Tight inventory is anticipated to continue into 2021, with buyers seeking more square footage and accessible green space. The area will continue to draw people from all over Canada for its impressive combination of industry, outdoor-focused lifestyle and commitment to sustainability.
Here’s a look at a few fabulous listings in the area, showcasing the beautiful residences and quality lifestyle Toronto and Waterloo have to offer.
Listed by Peter Torkan, this stunning brand new custom home is located on a quiet, tranquil street in prime Bayview Village. Approximately 5,500 square feet of living space showcases the highest quality millwork and multiple skylights that boast abundant natural light. Features include a custom kitchen with marble countertops, ensuite bedrooms, a foyer, a second upstairs sitting area and heated basement floors.
Privacy, pristine natural beauty and amenities abound at an idyllic retreat set on 78 acres in Hamilton, represented by Liam Hope and Steve Bailey. The gated estate encompasses four structures including a fully restored barn and an entertainment pavilion complete with an airplane hangar and runway. Inside the nine-bedroom, eight-bathroom, nearly 8,000-square-foot main home, find hardwood floors, walls of windows, and ceilings that reach upwards of 16 feet at their peak.
106 WELLINGTON STREET NORTH | ONTARIO
Listed by Steve Bailey, 106 Wellington Street North in St. Mary’s is a 4,014-square-foot Ontario Cottage-style stone home. Inside, two levels of living space include five bedrooms and four bathrooms. A full walk-out lower level is outfitted with a granny suite/income unit, complete with kitchen, family and dining rooms and three bedrooms. Access the estate’s lush, three-tiered gardens and outdoor stone patios through view-framing glass doors. Enjoy the accessible location, just a 15-minute drive to Stratford, 30 minutes to London, a short drive to the charming lakeside towns along Lake Huron’s shores, and just two hours from Toronto.
