House of the week: 283 Kenilworth Avenue
283 Kenilworth Avenue is a multi-level tree house in the heart of the Beaches, currently on the market for $1,690,000. A three-storey dwelling, it's a property that makes an impression with wood ceilings and a mahogany staircase spread over seven levels.
The former dilapidated home was purchased about eight years ago for $250,000, and later flipped and sold for almost six times what the owners originally paid. The result is a 2,800 square foot property that rocked this Beach neighbourhood with three bedrooms, four bathrooms and a landscaped backyard with a "dramatic wall of water."
In today's soaring real estate market, you can barely score a condo for the original asking price, and flipping a house might be a tougher sell. The average for a detached house still hovers around the $1 million mark and condo prices have exceeded $400K. Whether you call it "the Beach" or the rebranded "Beach Village," this sandy waterfront neighbourhood is still a hot, hot, hot pocket.
Summers (and winters) in the city. With a rumoured milder January this year (we'll believe it when we see it), this beach property is great for hosting parties year round. The back is very private with a step-down area, and enclosed fence hidden by large shrubs.
MOVE ON IF
You don't like stairs or any type of wood fixtures. Mahogany, cedar, solid birch---this rebuilt house uses wood and custom fixtures in just about every room. The multi-level staircase (mahogany, of course) is a steep climb to the other floors so watch your step.
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