Dorset Park Archives - Baldo Minaudo, Broker

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Real Estate and Business

HOME FOR SALE: Dorset Park Neighbourhood – another Toronto community in transition with potential upside appreciation in home value.

Posted on December 5, 2015 by admin • 0 Comments

Dorset Park is a middle-income, family oriented neighbourhood that spans between Midland Avenue and Kennedy Road from highway 401 to just south of Lawrence Avenue.

Originally, in the 1800’s, it was part of a small farming hamlet surrounding the Kennedy and Ellesmere Road intersection, called the Village of Ellesmere. During the early 1900’s the community’s focal point was the Ellesmere Arena, which served as home of the Maple Leaf Curling Club and the Ellesmere Maple Leaf Band. The Village was known for its sports clubs, such as the Maple Leaf Football Team which won the 1890 Ontario Championships. During the early 1950’s, Ellesmere Village’s dairy farms and market gardens were replaced by the Dorset Park housing subdivision.

Today, Dorset Park is a neighbourhood in transition with a culturally diversified population with the first generation of aging subdivision homeowners slowly being replaced by a new generation of young families with children. According to 2011 statistics, over 12% of the community’s residents claim Tamil as their mother tongue.

Dorset Park is home to one of only seven community hubs as part of Ontario’s Strategic Framework and Action Plan. Led by the United Way working together with donours and community partners, the hub is a one-stop centre where residents can access vital programs and services and where they can build community. The hub brings together resources to provide a place that supports the diverse growing needs of the community.

For those interested in affordable housing for raising a family without having to undergo renovations, the neighbourhood has a pocket of more recently built housing than the original subdivision.

For example, this home at 3 Kiriakou Street, presently listed by Real Estate Homeward at $499,000 is a beautiful, bright and spacious 3 bedroom townhouse with walkout to a private south facing, fenced yard. It even has up-graded laminated floors, a huge master bedroom with ensuite and entrance from garage. The lovely landscaped interlocking brick front entrance adds to the elegance. This great family home is ready for you to move in and enjoy in a fabulous location close to School, Parks, LRT, TTC, Go and all amenities. You can view this home at a public open house on Saturday, December 5th from 2-4pm or on Sunday, December 6th from 2-4pm. Offers, if any, being reviewed on Wednesday, December 9th. Contact Baldo Minaudo if interested -416-698-2090.

Are House Prices in Scarborough (Toronto) on the Move?

Posted on November 26, 2015 by admin • 0 Comments

Are House Prices in Scarborough (Toronto) on the Move?

The last two properties I’ve sold in Scarborough have both sold for 110% of asking price. The first sold in 19 days, the second in 8 days. What could this mean?

For years Scarborough has been dormant, a secret within Toronto in which you’ll find wonderful neighbourhoods with individuals that have lived their for decades. It is here that a sense of community still lives on, where neighbours speak with each other, where properties have mature trees, gardens and signs of vibrant and active lifestyles.

One of the Scarborough communities is Agincourt, which in the 1980’s was targeted by foreign investors looking for spacious lots where they could knock down small post-World War II bungalows and replace them with 3,000-4,000 square foot homes. Agincourt which began as its own settlement and was amalgamated several times over the years is now ranked as #13 out of Toronto’s 140 communities as published by Toronto Life. It is no wonder that Agincourt properties are hard to come by and demand a premium.

Now it seems that nearby neighbourhoods, like Agincourt North are also seeing significant increases in house prices. Agincourt house prices continue to to be greater than surrounding neighbourhoods and for good reason given what it offers; golf course, great shopping, close to 401 and 404, close to Civic Centre & Scarborough Town Centre, great schools, and even a Go Station, and so much more. The city announced early in the year that the passenger rail service through Agincourt would be doubled, thereby contributing its accessibility to both the downtown and to the North.

There are many great communities in Scarborough and several that I believe will show some great appreciation in house prices. They are desired for their community feel, larger lots and/or homes, lifestyle options, open space, mature trees and established public services and infrastructure. Now that municipal, provincial and federal governments are focused on improving public transportation, accessibility to the downtown should improve and further support house prices in some communities.

If you are looking for a great home for your family or for an investment,especially in the Toronto Central and East communities (Harbourfront up to Willowdale across to Markham and down to Lake Ontario), you can reach me at 416-698-2090 and I’ll be happy to chat with you.