Like its neighbor to the south, Canada’s real estate market is expected to see continued growth in 2021, particularly in the luxury sector. In Toronto, an emerging global hub, residential sales of $5 million or more have increased by more than 8% year-over-year, while sales of $2 million or more have increased by about 10%. In March, the average price of a home was nearly $1.1 million, according to the Toronto Regional Real Estate Board.
In this week’s look at the world’s finest homes, I compared properties in Toronto against similarly priced properties near Vero Beach, Florida, and New York City. From a contemporary residence in the heart of West Village to a custom home on the exclusive Old Colony Road, here’s a closer look at what about $6.2 million buys in Hutchinson Island, Manhattan and Toronto.
West Village, Manhattan, New York City | $6.5 million
Walls of windows bring skyline and river views inside this West Village condominium (WARBURG REALTY).
This Greenwich Lane condominium in the heart of West Village has been renovated from top to bottom and features a tasteful mix of high ceilings, wide-plank floors and artful fixtures. The unit has two bedrooms and two bathrooms in more than 1,500 square feet of living space.
The two-bedroom condominium at 155 West 11th Street is listed for $6.5 million (WARBURG REALTY).
Features: Walls of windows converge in the library/second bedroom to perfectly frame panoramic views of the nearby river and cityscape. The floor-to-ceiling glass is continued in the living room and primary suite, the latter of which has been extensively updated with a marble-clad bathroom and exquisite built-ins.
High ceilings and oversized windows create volume inside the updated condominium (WARBURG REALTY).
Other perks: Private storage and a lease to the seller’s garage space—two hard to come by items in the urban metropolis—can be included in the sale for an additional cost.
York Mills, Toronto, Ontario | $6.22 million (CAD 7.5 million)
The Joe Brennan-designed home at 47 Old Colony Road in Toronto is listed for about $6.22 million (CAD 7.5 million) (BARRY COHEN HOMES).
Designed and built by custom homebuilder Joe Brennan of Brennan Custom Homes, this palatial residence lies in York Mills, a highly sought-after neighborhood in Toronto’s North York District. Tailored for entertaining and family living, the 11,000-square-foot home features a lower entertainment level complete with a glass wine cellar, billiards room, recreation room, wet bar and nanny suite.
Skylights and walls of windows keep the dining area light and bright while opening the space to garden views (BARRY COHEN HOMES).
Features: At the heart of the home is a sunken living room entered through a pair of French doors. The centerpiece common area is outfitted with beautiful herringbone-patterned wood floors and topped by a Swarovski chandelier. Windows framing front gardens and a wood-burning fireplace with a marble surround and carved mantle complete the timeless setting.
Every day is pool day at the Toronto estate, which features an indoor pool and spa (BARRY COHEN HOMES).
Other perks: There is something for everyone at the Old Colony Road estate. Amenities include a newly added sports court and an indoor swimming pool and a spa. A gym and cedar-lined sauna are among other details of note.
Hutchinson Island, Florida | $6.35 million
The custom residence at 6722 N Highway A1a on Hutchinson Island sits on 1.2 acres with over 100 feet of beach frontage (DALE SORENSEN REAL ESTATE).
This breezy oceanfront home is located on Hutchinson Island, a barrier island community located just south of Vero Beach. Custom built in 2007, the tropical contemporary sits on 1.2 acres of grounds with a swimming pool and a boardwalk leading to 104 feet of sandy beachfront.
A chef’s kitchen with an island and high-end appliances lies at the heart of the Hutchinson Island house (DALE SORENSEN REAL ESTATE).
Features: An updated kitchen beckons stay-at-home chefs with its eye-catching Mahogany cabinetry, granite countertops and stainless appliances. Across from the kitchen is a cozy reading nook with floor-to-ceiling bookshelves and a grand piano.
The open-concept floor plan is navigated by artistic staircase or elevator (DALE SORENSEN REAL ESTATE).
Other perks: The home has more than 6,500 square feet of living space, six bedrooms and seven bathrooms. A spiral staircase and elevator are used to navigate two levels of living. There’s also a sauna with a drop-down projection screen.
