Architecture

Living in History

January 29, 2011

My condo is in a building that was designated a heritage property by the city of Toronto on July 8, 1998.
Heritage Toronto Plaque
Heritage Toronto Plaque
The following is excerpted from a City of Toronto report (May 25, 1998) recommending the heritage designation for the building.

The property is identified for architectural reasons. The apartments were constructed in 1928 according to the designs of Toronto architects Kaplan and Sprachman. W. Pidgeon and Sons Limited were both the developers and the contractors for the project. Albert E. Pidgeon, a member of the firm, occupied a unit.

The apartments are designed in the Spanish Colonial Revival style, identified by the red clay tile roofs, curvilinear gable, round-arched openings, and stone details imitating adobe stucco. The I-shaped three-storey plan is covered by a hipped tiled roof with gables on the south face and double chimneys on the east, south and west ends. The principal (south) facade is symmetrically organized in three parts. The centre section contains the main entrance at ground level. A projecting entrance porch has a red tile roof supported on brick piers. A round-arched stone-clad opening contains a single wood door with multi-paned sash and arched sidelights with single panes. Iron light fixtures in the shape of griffins holding globe lights are placed on either side of the entrance. A two-storey round-arched window opening over the entrance lights the interior stairwell. Pairs of rectangular windows are separated by a spandrel and surmounted by an arched transom with leaded glass. On either side of the entrance bay, each of the three stories has single flat-headed windows with brick lintels and extended stone sills. The centre of the wall is topped by a curved gable with corbelled brick and stone coping. The end sections of the south wall have flat-headed window openings, organized in pairs and threes and linked by continuous sills. Trios of round-arched window openings mark the third storey. Above, the gable ends of the roof have stone corbels and brackets. The end walls of the south wing are devoid of openings. The north extension of the building has red brick cladding and regularly spaced fenestration. On the interior, the entrance hall with its ceramic tile floor and the wood staircase are important features.

The property is set on landscaped grounds on a tree-lined street. It is a well-designed example of the Spanish Colonial Revival style and a visible feature amid the mainly single residential buildings in the North Toronto neighbourhood.
My building
My Building
A Google search of the architectural firm who designed the building will find that they were noted theater architects who designed between 70 and 80 percent of all movie theaters in Canada between 1919 and the 1950's including the Eglinton Theater which is located not far from my building. It opened on April 15, 1936 with a screening of 'King of Burlesque'.
The Eglinton Grand
The Eglinton Grand Image Source: Torontoist.com

General

A Co-Ownerwhat?

January 24, 2011

I wrote in an earlier post that my home was quite low in price for the area. Before you start thinking I bought a dump, the reason my unit was priced much lower to similar in the area is simple - it's a co-ownership, not a condo.

When I first heard that the unit was a co-ownership, I assumed I knew what that was - I mean, I've watched 'Sex and the City' - Carrie lived in one, right? Wrong.  She lived in a co-operative, which is not the same as a co-ownership. Anyone else confused?

At the time I was looking I did a quick internet search (gotta love Google) so I'd have a basic understanding.  Below you'll find some of the differences and similarities between condos, co-ops and co-ownerships.  *Please note that these are as I understand them to be - if you're considering purchasing a co-ownership, please consult your real estate lawyer for all the details.

Condo

  • Each unit is a separate property which can be bought and sold
  • Condos can be mortgaged
  • Owners of the units in the building will also own shares in the common elements of the building that are proportionate to the size of their unit

Co-Operative

  • The entire property is owned by a corporation
  • The 'buyer' of a unit owns shares in the corporation, and is granted exclusive rights to use that specific unit
  • Shares can be mortgaged
  • Buyers are not registered on title for the property
  • Generally most banks will not loan for a co-op, but some credit unions will

Co-Ownership

  • There is just one property, and all the owners are listed on the title for the property
  • Owners have a proportional share of the entire property and are given the exclusive right to occupy their unit
  • Shares can be mortgaged
  • Generally most banks will not loan for a co-ownership, but some credit unions will
One of the reasons that co-ownerships are generally less expensive than 'regular' condos is that financing can be difficult.  In order to qualify for my mortgage I needed to have 30% down - this cuts out a large portion the buyer demographic looking to move into a one-bedroom unit, which in turn drastically reduces demand.

General

Do you have an Octopus in your basement?

January 18, 2011

Since my house search took so darned long, my agent and I had the pleasure or viewing a massive number of places. Some were good, some were bad, and some were just plain scary. There was the place that smelled of cats, the house that had a leak in the roof (you could tell as there was water in the kitchen 2 floors below), and there were quite a few with octopus furnaces.

I had no idea what I was looking at the first time I saw one - all I knew was I'd entered a basement and discovered it was almost completely filled with this:
Octopus Furnace

Octopus furnaces, or gravity furnaces date from the late 1800's to early 1900's, and usually burned coal. The one above had been modified at some point to burn gas, but no matter the fuel they are not at all efficient.  You can't see any in the picture above, but there was also asbestos wrapping on the ducts which would be a giant pain to have removed as it's highly toxic.

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