a three-bed­room de­tached at mount pleas­ant and davisville

Toronto Life - - This City -

lorin and gita banks were liv­ing in Eto­bi­coke when Gita ac­cepted a re­tail job down­town, 23 sub­way stops away. Lorin worked from home, and Gita wasn’t will­ing to spend three hours a day com­mut­ing, so they de­cided to move down­town. They found a three-bed­room, 1,200-square-foot de­tached near Mount Pleas­ant and Davisville with a newly ren­o­vated, open-con­cept kitchen. They pur­chased it for $1 mil­lion in 2012, then spent $250,000 on an ex­ten­sive ren­o­va­tion.

The Bankses loved their home and the neigh­bour­hood, but, in the fall of 2014, they learned they were ex­pect­ing their third child and started think­ing about an­other up­grade. In Jan­uary 2016, Gita launched a business teach­ing clients to cook fast and healthy meals in their own homes. Sud­denly, she and Lorin were no longer teth­ered to the city. Their home was ap­praised at $1.5 mil­lion, which would al­low them to buy a new house and shrink their monthly costs.

In Septem­ber 2016, the year af­ter their third daugh­ter was born, Lorin and Gita found a list­ing for a gor­geous six-bed­room, six-bath­room house in Rock­wood, about an hour west of the city. Gita thought the house looked like a French château, with a tum­bled-brick ex­te­rior, and it sat on al­most a hectare of land with tons of green­ery, ma­ture trees, and a pool and firepit in the back­yard, plus end­less hik­ing trails owned jointly by the res­i­dents. They put in an of­fer, and stip­u­lated a long clos­ing so they could sell their house and the girls could fin­ish their school year. In the spring, with the Toronto mar­ket soar­ing, they sold their mid­town home for $2.1 mil­lion.

In June, the fam­ily moved into their new place. They’ve al­ready be­gun a facelift. Gita has al­ways dreamed of hav­ing a gourmet kitchen; now, she’s get­ting it. They’re also plan­ning to make an­nual fam­ily trips. On the list so far: Italy, Aus­tria, Switzer­land, Aus­tralia and In­dia.

Lorin Banks, 43 industrial sales­per­son

food en­tre­pre­neur Gita Banks, 42

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