Buying Property in Toronto - What You Should Know About Aged Properties

by Zumin Real Estate Centre

If you have ever explored downtown Toronto, chances are that you have noticed some of the beautiful old houses there. These are gorgeous century houses, standing proud and tall amid the test of time. They make up the personality of one of the city’s best neighbourhoods, oozing with character, appeal, and history. Sure enough, they are among the best things to see and admire in downtown Toronto.

Buying real estate in Toronto and becoming a part of the neighbourhood is undoubtedly a privilege. Who would not want to be a part of such a beautiful neighbourhood? That being said, there are still things that you need to keep an eye out for when you are on the lookout for a home in Toronto to make sure that you don’t end up with a lemon. Here are five:

 

Knob and Tube Wiring

Since many old Toronto houses were built decades or even a century ago, many come with outdated electrical wiring systems. This poses safety hazards, not to mention that the system may be completely incompatible with your devices. Therefore, it’s important to look at any prospective home’s wiring system to see whether it is usable. It’s best to seek help from a professional inspector who can help identify knob and tube wirings. Electrical wiring is something that you will certainly have to consider when selecting an old Toronto house.

 

Building Code Compliance

Every neighbourhood has a set of building codes that homeowners must comply with. However, it is important to remember that building codes change all the time. Fortunately, houses are not required to abide with them retroactively. They must simply comply with the standards in place during the time when they were erected. But what if houses are renovated without building permits? In such a case, they may not adhere to the new codes. This is something that you must be wary of to ensure that you don’t purchase a house that poses safety risks to you and your family.

 

House Critters

Old Toronto houses do not only appeal to humans, but to house critters such as termites, mice, rodents, and much more as well. These pests can be annoying and downright dangerous at times. Quite a number of old Toronto houses have termite infestations. Moreover, some are filled with cracks and small gap openings that allow rodents a way in. It is estimated that 70 per cent of Toronto households is infested with mice. Therefore, you should check whether there is an invasion of critters in any old houses that you hope to purchase.

 

Drains

Most Toronto houses have clay drains. Clay drains are beautiful features associated with old homes. But what if there’s a huge tree in your backyard? The roots may grow and cause damage to your drains. This is one major concern that clients often voice to realtors when purchasing a real estate in Toronto. You might fall victim to damage if you aren’t wary of checking the house drains.

 

Heritage Designations

Finally, since some Toronto houses are centuries old, many have heritage designations. They are actually protected by the city. There is a standard house requirement that you need to maintain in order to preserve the home’s traditional look and appearance. This means that you can only contend with minor changes in your house renovation. If you intend to retain the majestic old look of your house, there is nothing to worry about. But more than anything else, the heritage designation should be deemed with utmost consideration when purchasing an old house in Toronto.

If you’re looking to buy real estate in Toronto, get in touch with us today we’re happy to help you find a property that suits you.