Condos for sale richmond hill . The Canadian couple bought 10 apartments. In 2020 of the epidemic, many Canadian families who changed homes traded small for big, selling their apartments in the city and moving into spacious detached houses in the suburbs.
But the Williams family in Ontario did the opposite, leaving their own house in the suburbs and moving into a small apartment in downtown Toronto.
Both parents are professionals with stable jobs. His father, DeanWilliams, 49, is a mechanic at BMW. Mother AndreaPeart-Williams is also 49 years old. She was a teacher when she was young. More than 10 years ago, she changed careers and co-founded KEAN Group, a real estate investment company, with friends.
The family has three daughters, Tenishia, 27, Christiana, 17, and Ariana, 8. The 27-year-old daughter is the child of Andrea and her ex-husband.
When Andrea and Dean got married in 2003, they bought a 3100-square-foot detached house in Brampton, a northwest suburb of Toronto, for C $305000. There are five bedrooms in the separate house, two of which are located in the semi-basement, which is a complete suite that can be rented.
The eldest daughter, who was 9 years old at that time, also moved in with them. Over the next 17 years, the family lived and worked in peace and contentment in this independent house and gradually developed into a happy family of five.
After three years of marriage, Dean and Andrea saved a sum of money. Andrea, who was still a teacher at that time, made up her mind to buy a second apartment to rent and support the loan.
Since then, the couple have never stopped buying a house. Over the past 14 years, they have bought nine properties in small Ontario cities such as Benton, Cambridge and London, almost all of them for rent. Together with Binton’s home, there are currently 10 properties owned by Andrea and Dean, with a total price of C $9.5 million and a monthly rental income of $35000.
In 2017, Andrea and Dean were no longer satisfied with the markets around Toronto and officially entered downtown Toronto. They bought two apartments in Toronto near Lake Ontario. One is a two-bedroom, two-bath apartment in LibertyVillage, priced at C $662000. The other is an one-bedroom apartment in Swansea for $515000.
According to the developer’s plan, the Liberty Village apartment will be completed in April 2020, and Andrea and Dean plan to rent it out as soon as it is repossessed. The Swansea apartment is expected to be completed by the end of 2021. Dean said they plan to use the small apartment as the couple’s second apartment, and they can move there to retire in a few years after the second and third daughters go to college. Dean grew up in Scarborough, east of Toronto, where his parents and other relatives still live. Dean says that when they move to an apartment in Toronto, they can be closer to their families.
But COVID-19 changed everything. The construction of their Liberty Village apartment has been delayed because of the epidemic, and the completion date has been postponed to the autumn of 2020. The opening of the Swansea apartment has also been postponed to 2022. At the same time, the eldest daughter Teneas, who had been living with her parents in the independent house of Binton, decided to move out, and her parents arranged for her to be placed in the basement of their investment house in Binton. In May 2020, the 27-year-old daughter officially left her parents. The other four members of the Williams family began to talk about moving to an apartment in Liberty Village.
This plan is not only because there are fewer permanent residents, but also for many other reasons. For example, Dean wants to be close to his parents’ house because his elders are old and need to be taken care of. Second, his second daughter and third daughter both want to live downtown to be close to the film and television agency in Toronto. Although the two girls are only 8 and 17, they have entered the entertainment industry in recent years, taking on a lot of modeling and acting jobs, and their third daughter, Ariana, has appeared many times in the Netflix fantasy series “Shadowhunters.”