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It has become the norm to pay top dollar for a Toronto home. In fact, a recent survey shows that the average sale price for a detached home has surpassed $1,500,000. However, the typical single-family home in Toronto is not exactly an extravagant mansion, rather, it is the suburban brick-and-mortar residences that were once associated with the middle class. So, in such a hot housing market, where everything costs a million dollars, what truly makes for a luxury home? Here is a quick rundown of the key features that define Toronto luxury homes.
Excellent Location and Spacious Area
Location is one of the key characteristics that distinguish luxury real estate. Homes in upscale areas that provide the best solitude, unparalleled accessibility to amenities, or unique views not found in a typical home get top premiums from buyers. Some of Toronto’s nicest – and most expensive – residences have all these features.
An expansive floor area and lot size also define Toronto luxury real estate as they offer freedom. Having a large space allows you an infinite number of ways to use and transform your property over time. For instance, most opulent homeowners in Toronto use this extra space to host dinners and parties, or even add some recreational amenities like an infinity pool.
Remarkable Design and Quality
For real estate to be considered luxurious, it must be perceived as such. Besides being your haven, your home is a statement that expresses your style and way of life. The architecture and interior design should reflect the image you wish to project to the rest of the world.
However, remarkable architecture and interiors are not simply for show. These features can transform a drab structure into one that is not only aesthetically pleasing but also extremely practical. Toronto luxury homes are designed to meet the most recent safety and aesthetic standards, with materials and construction quality that will last for decades.
State-of-the-Art Amenities
A luxurious home should have features that make life more enjoyable and easier. When one thinks of luxury, numerous amenities spring to mind, such as magnificent swimming pools, wine cellars, home theaters, decked-out kitchens, spa-like bathrooms, backyard golf/tennis courts, and more.
Smart home features are also creating a buzz. Homebuyers seek out these smart features because of their convenience. Even if you are far from home, you can lock your doors, manage the temperature, and regulate the heating system with a swipe of your phone. Developers who keep up with these technological trends will remain competitive in Toronto’s real estate market.
Top-Notch Security
The wealthy often feel the need for enhanced security, and understandably so. Most Toronto luxury homes have built-in security features, such as CCTV cameras, smart locks, and safety alarms for break-ins, floods, or fires.
From the main entrance’s security layout to lobby-level entries to the home, these security elements ensure that the clientele has a secure and private haven to themselves.
Explore the Toronto Real Estate Market with Barry Cohen
Toronto has long been one of Canada’s most active real estate markets, particularly in luxury properties. If you appreciate the fine things in life, and would like to invest in a home that exudes luxury, reach out to none other than Barry Cohen. Leveraging 3+ decades in the real estate business, Barry can help you explore even the most exclusive, out-of-market listings. Make that call today to get started on your luxury homeownership journey.
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