Real Estate News Headlines // May 12th 2015

Jethro Seymour, one of the Top Toronto Real Estate Brokers, provides you with Canadian real estate news headlines.

Calgary Herald

The iconic, unique Canadian Pacific Railway Pavilion, a landmark in the heart of downtown Calgary, is for sale, the Herald has learned.
“We can confirm that CP’s Calgary Pavilion is currently listed for sale, but have no further comment beyond that,” said a company spokesperson in an email.
Commercial real estate firm CBRE Limited has the listing for the property located at 201 9th Ave. S.W., which is connected to the Fairmont Palliser Hotel. The listing, at $11 million, says the 39,442-square-foot building has ample natural light, vaulted ceilings and skylight features. It is equipped with a commercial kitchen, multiple offices and boardrooms.

The Vancouver Sun

A Saanich Peninsula waterfront estate with a 10,000-square-foot historic house on six acres has sold for $5.3 million — the highest price paid for a property this year in the capital region.
Calgary residents Steve and Lera Zakreski purchased the Dunmora estate, said real estate agent Scott Piercy, who along with Jim LeBlanc of Engel and Volkers Vancouver Island Real Estate represented the buyers.
Dunmora is an architectural standout in the region. It is an English Tudor-style manor house built in the 1920s and designed by architect J.C.M. Keith, whose work includes Christ Church Cathedral.
Last year’s highest price for a property was $5.6 million for another Peninsula home, Piercy said. So far this year, 129 properties have sold through the Multiple Listing Service for more than $1 million, according to the Victoria Real Estate Board. Single-family homes accounted for 114 of those sales. The board currently has 21 properties listed for sale above $4 million.
The highest asking price is $16.9 million for a home at 3195 Humber Rd., on the Uplands waterfront. It is followed by 529 Swanwick Rd., at $13.25 million in Metchosin. That property features a river running through a contemporary style house.

Jethro Seymour, Toronto Real Estate Broker at Royal LePage RES Ltd., Johnston & Daniel Division
One clap, two clap, three clap, forty?

By clapping more or less, you can signal to us which stories really stand out.