With the average single-family home in Toronto now at a record price of over $2 million, ownership of these properties is reserved for a select few who can not only afford such an investment, but can invest even more money for the to return to. to make a profit or splurge on something with extravagant design details.
A home that just hit the market for $2.5 million – though it will likely sell for a lot more – shows exactly what kind of high-tech luxury can be had for a few million in the city, and what the Sophisticated investors can add to get more bang for their buck on resale.
Like many of TO’s recent renovations, the 83 Virginia Avenue home is very boxy, minimalist and modern, with floor-to-ceiling windows and the same understated gray color scheme that’s been in vogue for a few years now.
But while the building is in many ways similar to countless other major renovations of older homes on Toronto’s side streets, there are a few extras that make it extremely unique and sure to attract high bidders.
The most notable feature is a sort of motorized curtain, made up of wooden panels that can be moved to cover the entire front of the house to hide it from passers-by on the street, or then moved to the side for more light and a better view. inside.
Designed and built by Zahra Falamarzi at Meanders, this feature is just one of many that can be controlled by touch in the smart home, as well as monitoring, audio and lighting systems.
“I did my specialized masters in algorithmic design, which is how we can create complex 3D geometries and build them,” says Falamarzi, who also owns the 4+1 bedroom, 4 bathroom home in East York. .
“We did some coding and more math in our design to produce the exact same complicated concept, and decided to do it for our house because there’s nothing like it in Toronto. It’s a brand new contemporary architecture.”
The element is mimicked inside with a 27ft accent wall, also digitally designed and made up of vertical wood panels that create a custom 3D pattern – reminiscent of a wavy leaf – to add cohesive character throughout.
Falamarzi says the facade panels were deliberately made from a warmer material to be more welcoming, curved around the entrance and designed specifically for this home, which now stands out as unique in the neighborhood.
A heated floor, three-sided fireplace, floating double vanities, built-in panel refrigerator and dishwasher, floating stairs and other custom accents are sure to appeal to buyers of a certain aesthetic and socio-economic status ( already highlighted by anyone who can afford this house).
But, there seems to be a large number of these future middle-class owners in Toronto, who buy, flip and/or sit on coveted housing stock and continue to drive up real estate prices in the city and beyond. of the.