Kensington Market Loft NewsFebruary 16, 2010

Kensington Market Lofts is a prime condominium development located in central downtown Toronto. The developer is the well known company, CONTEXT.

Architectural details in many suites offer outstanding aesthetics.

Some suites have parking, balconies/terraces and lockers.

Penthouse suites have the option of having a bar-b-que on their decks.

An eclectic group of owners/renters made up of various demographics enjoy shopping "in the market" (designated a heritage area by the Federal Governement of Canada) for fresh baked goods, fruits, vegetables, quality meats, and other items to use in world cuisine.

You can sip your capuccino/wine in some of the hippest cafes in Toronto and dine in intimate restaurants/cafes featuring menus from far off shores.

Walk to work (if you are employed downtown) the University of Toronto, Air Canada Centre, Eaton Centre, Library, Little Italy, Yorkville etc.

Parks, restaurants, churches, synagogues and gymnasiums are located nearby.

Minutes to TTC.

This area is a community consisting of active citizen groups, homes, condos, shop owners, renters and other businesses to offer a convenient lifestyle.

Festivals are part of the delight in living in this neighbourhood; such as PD Sundays, where the market is closed to cars, the Chinese Community's activities as well as other ethnic communities' celebrations.

I have lived in the market for 10 years and can offer you first hand information about the lifestyle this area supports.

This is a great place to live, whether you are a family, young professionals, retirees, seniors, etc.

All suites have
ensuite clothes washer & clothes dryer
kitchen appliances
central air-conditioning
gas heat pump
9ft ceilings to 14 ft ceilings

All suites pay for
hydro
property taxes
T.V.
telephone
internet.

All suites have access to lovely courtyard with bar-b-que facilities.

AT THIS TIME THERE IS ONLY ONE SUITE FOR SALE AND NONE FOR RENT!

I HAVE BEEN CONTACTED BY A NUMBER OF PEOPLE WHO WISH TO BUY OR RENT A SUITE.

IF YOU ARE INTERESTED IN FINDING OUT WHAT YOUR SUITE WOULD SELL OR RENT FOR, I WOULD BE PLEASED TO VISIT YOU AND DISCUSS YOUR OPTIONS.

I AM ABLE TO PROVIDE SUGGESTIONS REGARDING RENOVATIONS AND NECESSARY PREPARATIONS WHEN YOU DECIDE TO SELL OR RENT.

Sales:January 1, 2009 till December 31, 2009

160 Baldwin Street

Under 700 sq ft.
2nd floor Selling Price: $290,000 Maint. fees: approx. $267.00 6/09

700 - 899 sq ft.
4th floor Selling Price: $310,000 Maint. fees: approx. 325.000 5/09
4th floor Selling Price: $315,500 Maint. fees: approx. $333.000 6/09

900 - 1100 sq ft.
4th floor Selling Price: $382,000 Maint. fees: approx. $503.00 5/09
4th floor Selling Price: $410,000 Maint. fees: approx. $505.00 5/09

Penthouse (6th floor) 1100 - 1499 sq. ft.
6th floor Selling Price: $600,000 Maint. fees: approx. $614.00 3/09
6th floor Selling Price: $620,000 Maint. fees: approx. $641.00 4/09

21 Nassau Street

Under 700 sq. ft.
4th floor Selling Price: $235,000 Maint. fees: approx. $219.00 7/09
3rd floor Selling Price: $263,500 Maint. fees: approx. $236.00 4/09
2nd floor Selling Price: $265,000 Maint. fees: approx. $274.00 1/09

Sales:January 1, 2010 till February 16 2010

160 Baldwin Street

Under 700 sq ft
2nd floor Selling Price: $320,000 Maint. fees: approx. $266.00 1/10
4th floor Selling Price: $503,000 Maint. fees: approx. $538.00 2/10

Rentals in 2009

21 Nassau Street

Studio Lofts under 700 sq ft
2nd floor Lease Price: $1,149 10/09
2nd floor Lease Price: $1,450 7/09

1100 - 1299 sq ft
3rd floor Lease Price: $2,200 8/09

160 Baldwin Street

700 - 899 sq ft
3rd floor Lease Price: $1,750 November 2009

NO RENTALS ON MLS AS OF FEBRUARY 16, 2010

GTA Resale Market Resilient in 2009!

JANUARY 6, 2010.
Greater Toronto REALTORS® reported 87,308 MLS® transactions in 2009 – a 17 per cent increase over 2008.

This result included 5,541 sales in December.

The 2009 result was in line with the healthy levels of sales experienced between 2004 and 2006, but lower than the record of 93,193 set in 2007.“

After a slow start to the year, existing home sales rebounded during the second half of 2009,” said TREB President Tom Lebour. “As consumer confidence improved, many households moved to take advantage of affordable home ownership opportunities in the GTA.

The strong residential real estate sector was a key contributor to overall economic recovery in Canada.

”The average home price in 2009 climbed four per cent to $395,460.

The average price for December transactions was $411,931.

“Market conditions became very tight in the latter half of 2009. Sales climbed strongly relative to the number of homes listed for sale, resulting in robust price growth that more than offset average price declines in the winter,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

“A greater supply of listings in 2010 will see home prices grow at a sustainable pace.”

pkatz@trebnet.com

quoted from TREB Market Watch