Michael Quinnell’s Post

A very interesting development has come up on the market in East York. It is a multi-unit development project that includes three separate and distinct units in the main dwelling plus a garden suite in the backyard. The most interesting part is that they are all for sale as strata units that operate essentially as a mini condo community on a residential property in Toronto. Below are the listings and their sale prices, what are everyone's thoughts on the creation of strata's/condos in residentially zoned properties in Toronto? Will it help with affordability/access to housing? Will it make developers/builders more incentivized to densify existing low-density properties? What is the process of creating a strata for a property like this in Toronto? We'd like your feedback! #1 - 319 Mortimer - (1,406 sq. ft. - main building) - $999,900 https://lnkd.in/g2NjMpJw #2 - 319 Mortimer - (501 sq. ft. - main building) - $499,900 https://lnkd.in/gqxQyVrR #3 - 319 Mortimer - (1,895 sq. ft. - main building) - $1,599,900 https://lnkd.in/gvtQJdTB #4 - 319 Mortimer - 1,286 sq. ft. Garden Suite - $1,299,900 https://lnkd.in/g6R7p77w

We are looking for feedback about this multi-unit development that was recently completed in East York! Anyone who can offer a point of view about the pros and cons of strata/condo units in low-density residential properties/neighbourhoods in Toronto please feel free to join the conversation! I think this is an exciting opportunity for Toronto investors to create more housing stock but I am concerned about how this may affect some areas of Toronto that are better set-up for single-family housing. I think we are going to see a lot more of these projects in R-zoned (versus RD or RS) properties in Toronto, including areas like East York. It would be great to see more of these types of projects in neighbourhoods that have good access to public transportation too as long as it fits in the neighbourhoods they are being built. If anyone has experience or knowledge on the process of creating a strata on a residential property like this that would be very interesting to learn more about!

Working with estates can be challenging, as the apartment is often in difficult condition, and many times the beneficiaries will have competing goals. This deal was unique in that the family who owned this apartment were original 1947 shareholders in the building, and the space, while dated, presented an extraordinary combination of light, size, views and private outdoor space on Fifth Avenue. But the building’s facade project meant that the windows were obscured, and the building’s elevator project meant that we could not stage the sprawling vacant space. And the building’s strict financial requirements meant that no ordinarily wealthy buyer would qualify. So we had to get creative with marketing, virtual staging, and partnering with multiple architects to help buyers visualize the true potential. Creative marketing, partnering with professionals, and the ability to create a rapport with members of the board are essential skills when selling a home that presents as many challenges as this one. Just thrilled for my clients, a family whose multiple generations occupied this special home since the building opened in 1947. And grateful that when the estate attorney asked his law colleagues for recommendations for a broker who could handle a high-end property on prime Fifth Avenue that my friend and former colleague at Anderson Kill immediately recommended me. #jedthebroker #JEDTalks #thejedlewinteam ———————————————— #justsold #nycrealestate #nycrealestateagent #nycrealtor #fifthavenue #nycluxuryrealestate #nycluxury #nycluxurybroker #luxurylifestyle #luxuryhomes #luxury #virtualstaging #andersonkill #theagency #estates #trusts #trustsandestates

In real estate, quality isn't just a selling point—it's the foundation of value. High-quality properties attract discerning buyers, command higher prices, and ensure long-term satisfaction. From construction to finishes, every detail matters. Invest in quality to build trust and secure successful sales. #RealEstate #QualityMatters #InvestInQuality

We are excited to share news of our newest soon to be completed 4/2 single-family rentals currently being built in Cape Coral, FL for under $305k. Featuring an open floor plan, these properties are designed to meet the demands of modern living. With stainless steel appliances and granite countertops, these investment properties are tailored to attract quality tenants and have competitive rental rates! ⭐ Purchase Price $302,490 ⭐Total rental rate at $2,425 ⭐Potential day 1 equity of $30,000 ⭐Cash on Cash return 7.5% ⭐Monthly cash flow over $500 ⭐5% Property Management Fees Visit Build2Rent.com for our Full Inventory. #Build2Rent #investing #flrealestate #newconstruction #PropertyInvestment #SmartInvesting #swflrealestate #realestateadvice #realestateinvestor #realestateportfolio #floridarealestate #newconstructionhomes #investmentopportunity #realestateinvesting #realestate #multifamilyconstruction #Floridanews #realestatelife #roi #newconstructionhome #Equity #cashflow #optimizeinvestment #newbuild #SFR #B2R #singlefamily #singlefamilyhome #SingleFamilyRental #singlefamilyrental

Buyers are often drawn to New Construction because it's brand new and they are the first to live in the property. With that, there are additional pros and cons to consider. Here are the biggest pros and cons to contemplate with New Construction: Pros: • Customization options for layout and finishes. • Modern amenities and energy-efficient features. • Lower maintenance costs with warranties. • Potential for higher resale value in the long term. Cons: • Higher initial price compared to existing homes. • Delays in construction timelines may occur. • Lack of mature landscaping and established communities. • Less negotiation room with builders. Ultimately, new construction homes offer customization and modern features that many existing properties do not. Interested in New Construction? Let's discuss your wish list. #NewConstruction #homebuying #prosandcons #realestate #moderndreamhome

Buyers are often drawn to New Construction because it's brand new and they are the first to live in the property. With that, there are additional pros and cons to consider. Here are the biggest pros and cons to contemplate with New Construction: Pros: • Customization options for layout and finishes. • Modern amenities and energy-efficient features. • Lower maintenance costs with warranties. • Potential for higher resale value in the long term. Cons: • Higher initial price compared to existing homes. • Delays in construction timelines may occur. • Lack of mature landscaping and established communities. • Less negotiation room with builders. Ultimately, new construction homes offer customization and modern features that many existing properties do not. Interested in New Construction? Let's discuss your wish list. #NewConstruction #homebuying #prosandcons #realestate #moderndreamhome

Buyers are often drawn to New Construction because it's brand new and they are the first to live in the property. With that, there are additional pros and cons to consider. Here are the biggest pros and cons to contemplate with New Construction: Pros: • Customization options for layout and finishes. • Modern amenities and energy-efficient features. • Lower maintenance costs with warranties. • Potential for higher resale value in the long term. Cons: • Higher initial price compared to existing homes. • Delays in construction timelines may occur. • Lack of mature landscaping and established communities. • Less negotiation room with builders. Ultimately, new construction homes offer customization and modern features that many existing properties do not. Interested in New Construction? Let's discuss your wish list. #NewConstruction #homebuying #prosandcons #realestate #moderndreamhome

Buyers are often drawn to New Construction because it's brand new and they are the first to live in the property. With that, there are additional pros and cons to consider. Here are the biggest pros and cons to contemplate with New Construction: Pros: • Customization options for layout and finishes. • Modern amenities and energy-efficient features. • Lower maintenance costs with warranties. • Potential for higher resale value in the long term. Cons: • Higher initial price compared to existing homes. • Delays in construction timelines may occur. • Lack of mature landscaping and established communities. • Less negotiation room with builders. Ultimately, new construction homes offer customization and modern features that many existing properties do not. Interested in New Construction? Let's discuss your wish list. #NewConstruction #homebuying #prosandcons #realestate #moderndreamhome

Buyers are often drawn to New Construction because it's brand new and they are the first to live in the property. With that, there are additional pros and cons to consider. Here are the biggest pros and cons to contemplate with New Construction: Pros: • Customization options for layout and finishes. • Modern amenities and energy-efficient features. • Lower maintenance costs with warranties. • Potential for higher resale value in the long term. Cons: • Higher initial price compared to existing homes. • Delays in construction timelines may occur. • Lack of mature landscaping and established communities. • Less negotiation room with builders. Ultimately, new construction homes offer customization and modern features that many existing properties do not. Interested in New Construction? Let's discuss your wish list. #NewConstruction #homebuying #prosandcons #realestate #moderndreamhome