A Toronto family wanted to ditch the city. They just bought this $450,000 detached in Goderich
Who: Michael Daley, 39, account executive at Dropbox; Kristy Daley, 39, real estate agent; with their kids, Tenley (21 months), Shepherd (5) and Pearson (6)
The history: Michael and Kristy first met when they were both 16, working part time at McDonald’s in their hometown of London, Ontario. They each graduated from Western University in 2005 and began dating shortly after.
In 2008, they moved to Toronto together for work. After living at condos in CityPlace and the Distillery District, they purchased a four-bed, two-and-a-half-bath bungalow in Scarborough Bluffs in 2013, for $553,750, with plans to start a family.
Between 2013 and 2020, Kristy got her real estate licence, the Daleys had three kids, and they completed a $120,000 renovation of their home, redoing the main floor, kitchen and bathrooms.
During that time, the couple also became interested in purchasing a second property in the city as an investment, but because real estate prices were climbing in Toronto, they decided to wait a bit.
When the pandemic hit, both Michael and Kristy were able to work from home. Michael made office space in the spare bedroom, while Kristy worked in the living room or at the kitchen island.
In September 2020, Kristy helped Michael’s brother find a new home. She encouraged him to look outside of the city, where prices were more affordable. It made Michael and Kristy wonder if they should also purchase a second property elsewhere, instead of in Toronto like they’d originally planned.
Michael and Kristy had always loved Goderich, a small town of less than 10,000 people, located about two and a half hours’ drive west of Toronto. Growing up in London, they both often made day trips to Goderich to visit the beach.
The couple pulled up a few online listings and found a house they thought might make a good investment. On September 5, the whole family drove out to Goderich for a viewing.
The hunt: The house was located on a quiet street, just northeast of Goderich’s main square. It reminded Kristy of her grandmother’s home, which had a similar façade and red-brick exterior. The listing price: $449,900.
The place, built in 1900, still had stained-glass windows and detailed wooden archways.
The Daleys liked that most of the main floor had recently been renovated, with a new kitchen, pantry, laundry room and powder room.