Custom -Minto built “Dream Home” now for sale

NOW AVAILABLE  AT 1.6  MILLION 

Fully customized, with the help of Top Ottawa interior designer Tanya Collins,and with direction by  Architect Christopher Simmons, premier builder Minto Homes and their design team have made this a showplace residence which is spectacular but very very liveable for all types of families.

This  grand  home of 5577 sq. ft is  in Potter’s Key. Near Hazeldean and Carp roads. The home sits on an oversized pie-shaped lot that backs onto the Feedmill Creek conservation area..A peaceful and private outside entertaining area with a secluded view.

The finest finishes and quality trades worked together to create this “dream come true”

Acclaimed Ottawa architect Christopher Simmonds had a hand in the design of the home and its layout.

“I felt that it was representative of how a family might use the home,” Simmonds says of the concept he passed along.

Interior designer Tanya Collins has given the home a unified, contemporary look using a palette of black, white and gold, with splashes of bold colour to enliven some of the spaces. Custom cabinetry and built ins as well as top quality fixtures and lighting add to the richness of the spaces.

The Collins and  Simmonds collaboration on this home was perfect harmony are known for a contemporary influence, .Featuring clean lines and simplicity with a touch of elegance the colours chosen emphasizes the glamour while bringing a timeless look.

http://www.tanyacollinsdesign.com/  www.csarchitect.com

“I wanted something kind of glamorous, but livable at the same time,” says Collins. “The luxury of the finishes, lounge-y seating so it invites you to come in and sit down, something stylish and not typical.”

MAIN FLOOR SUITE OR LOUNGE

At 473 square feet, this main-floor suite off the kitchen is  perfect as a guest suite – teen agers space- live in apartment or as a private office this room is looking out to the private greenery of the Feedmill creek conservation area.

It comes complete with walk-in closet and a fully accessible ensuite with a “Palm Beach vibe” in Kelly green, says Collins.

“We’ve made it look like a little mini condo.”  “So that if someone wanted to live on all one level instead of having to hike up the stairs, they could.”

The 2nd floor Bedroom and family room Lounge areas

Upstairs, the spacious landing welcomes you to the bedroom suites and includes a lounge.

Master suite

A peaceful and soothing master suite that “feels a bit like you’re in the Bahamas,” Collins says has a lovely calm and sunny feel with a spa bathroom done in tones of whites and dressing room for your cloths.”

“This walk-in closet is spectacular,” gushes Collins. The closet master walk in closet features custom built-ins with  millwork to make them feel like furniture.

The Kids Rooms

One of the brightest pops of colour in the home is in the two rooms set aside for “the girls”. There are two wonderful rooms that are connected thru wall cutouts . One for sleeping and one for playing. 

Staying Alive “in the lower level

The 70’s vibe in the lower level make for a vibrant and fun family space

There’s plenty of additional  room as only about  half of the basement is finished. The finished part includes a bathroom and a great media room to kick back and watch the game or your favorite movie.

Whether you use the roller rink this is a great room for the kids to hang out or do a throw back party with a disco floor ( disco ball included)- just wear the bell bottoms and  bring the music and do your best disco moves!

The Lower Level is partially above ground at the back of the home so the windows are big and bright. “It doesn’t feel like a basement,” says Collins.

 

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Some very good and true points about the market.

FROM THE GLOBE AND MAIL REAL ESTATE SECTION TODAY

While this article  reflects the Toronto and BC market, there area many points that are true about going to market in any city.

Myself and Stephanie  had an incredibly busy Nov and Dec with sales and listings .

We are well into our way into the early spring market that looks like it is approaching

fast and as experienced agents in the core areas we can advise you about how to best

market and sell your home.

 

Homes along Brunswick Avenue in Toronto.

Real estate observers in the Toronto area will be watching the market in January with special interest as they try to predict the movement of sales and prices in 2019.

January may be a barometer for how the rest of 2019 will go after a sputtering performance in 2018.

By the third week of January, agents say, the early spring sales will begin.

“The spring market starts much sooner than anyone expects,” says Jimmy Molloy, an agent with Chestnut Park Real Estate Ltd.

Mr. Molloy says listings are scarce in Toronto these days and supply is especially thin at the beginning of the year. Many homeowners don’t like to list in the winter because they believe their homes and gardens are at their best in the spring.

They may be right, he says, but sellers also face more competition when buds appear on the trees. He encourages sellers to list in late winter when buyers don’t have many properties to choose from.

“I won’t wait until May.”

Mr. Molloy says he becomes an amateur weather man in January and February, because he doesn’t want to bring a house onto the market in the middle of a blizzard. When he sees a clear stretch of weather, he encourages sellers to hang out a “for sale” sign.

“The market is always front-end loaded at the beginning of the year,” he says. “There’s a little bit of snow and you only have pictures of last summer – but you’re the only house.”

Mr. Molloy, who does most of his business in luxury neighbourhoods such as Yorkville, Forest Hill and Rosedale, says sellers seem to be optimistic – but they often are because homeowners tend to see the best in their own property.

“They feel very optimistic about the performance of their own home, as they should be.”

Looking ahead, Mr. Molloy believes 2019 will be a solid year for Toronto real estate, but growth will be moderate compared with the high-octane run-ups of 2017 and other recent years.

“Price appreciation will be closer to inflation,” Mr. Molloy says.

After a long stretch with interest rates barely above zero, higher borrowing costs are a drag on the market – in every segment of the market.

“Money was virtually free – it’s not free anymore.”

In December, sales in the Greater Toronto Area tumbled 22.5 per cent from the same month last year, according to the latest data from the Toronto Real Estate Board.

That number can be somewhat deceptive, as the market dynamics in December, 2017, were very different. Many buyers rushed to secure a deal in the last month of 2017 before new, tougher mortgage regulations came into effect in January of 2018.

Patrick Rocca, an agent with Bosley Real Estate Ltd., says house hunters hoping to snag a bargain were roaming around in December.

He was shocked to receive an offer $700,000 below asking for a property listed with an asking price of $2.9-million.

“It was ridiculous. It’s a buyer who’s thinking they’re going to get a steal,” he says.

Mr. Rocca says he normally signs back a counteroffer but in this case, it wasn’t worth doing even that.

New listings last month fell 31.5 per cent from December, 2017, when listings surged as some sellers tried to cash in.

The average price in the GTA crept up 2.1 per cent to $750,180 in December from $734,847 in the same month in 2017.

Mr. Rocca says his phone began buzzing with calls and e-mails on Jan. 2 as homeowners contacted him to say they were ready to list toward the end of January.

“I’m hoping it will be a good start to the year.”

He adds, however, that the sellers are moving now because of a change in lifestyle – not because they are trying to reap profits.

“I don’t see us going through any kind of craziness like 2017.”

He says some homeowners are reluctant to list because they are hoping for another surge in prices, but he says he believes the market has returned to a more normal, long-term rhythm.

“If you’re hanging on waiting for it to pop again, I don’t know when that’s going to happen.”

As for the psychology of buyers, some fear interest rates will continue to rise in early 2019. Others are holding out to see if prices will falter this year after last year’s slowdown in Toronto, Vancouver and other previously hot markets.

Mr. Rocca says some buyers are so anxious they are passing up properties that he considers good deals.

“It’s trying to convince buyers to buy. There are good opportunities right now and they aren’t seeing that.”

Looking further into the year, Mr. Rocca expects the biggest factor in the market will be the coming federal election. Since the election will likely take place in the fall, he expects the spring market to be much stronger.

“People tend to pause during an election year. The earlier part of the year will be better.”

So far Toronto-area real estate has remained relatively stable, without following the dramatic fall in the Vancouver area, where real estate sales plummeted 47 per cent in December from the same month in 2017.

Vancouver sales have been hammered partly because of a speculation and vacancy tax imposed by the provincial government. In 2018, the B.C. government raised the foreign-buyers tax to 20 per cent from 15 per cent and broadened the areas where it applies.

While Ontario doesn’t have a tax on vacant properties, other factors – including rising interest rates, tougher mortgage regulations and weaker demand from foreign buyers – weigh on both markets.

The Bank of Canada lifted rates three times in 2018, Bank of Montreal chief economist Douglas Porter points out, who is forecasting two more hikes of 25 basis points each in 2019.

Mr. Porter says the central bank’s previous rate increases are already having an outsized impact.

With the two big economic engines of housing and consumer spending “cooling before our eyes,” the economy is now heavily dependent on exports, business investment and infrastructure spending for growth in 2019, he adds.

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