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Busy street drives buyers from Spadina home Add to ...

769 SPADINA RD., TORONTO

ASKING PRICE $1.495-million

SELLING PRICE $1.5-million

TAXES $10,187 (2013)

DAYS ON THE MARKET 33

LISTING AGENT Elli Davis, Royal LePage Real Estate Services Ltd.

The Action: In the fall, this updated 1930s residence was priced at $1.575-million, but many buyers were not keen on fronting onto a major street. After rejecting several low-ball offers, the price was slashed to less than $1.5-million to revive interest. The strategy succeeded in flushing out two bids.

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What They Got: The roof, eat-in kitchen and three bathrooms were redone to maintain the condition of this four-bedroom house with a classic brick and stone façade, double garage and heated pool on a 50-by-120-foot lot.

To accommodate different types of activities, there is a fireside living room, formal dining space and sunroom with heated stone floors and a rear walkout, as well as a second floor family room with a gas fireplace and a lower-level recreation room with surround sound.

One bedroom has the luxury of a private bathroom and another with a balcony.

The Agent’s Take: “The appeal was you get a 50-foot, detached home in the village, but for a more reasonable price than if it were on a side street,” agent Elli Davis said. “[The buyer] was thrilled to be living in the Forest Hill area with easy access to schools … and it’s walking distance to Eglinton shops and subway.”

Plus, this property’s fine form didn’t go unnoticed. “It’s a lovely Tudor home,” Ms. Davis added. “It has an in-ground pool, so it was like an oasis back there also because it backs onto a ravine.”

Editor's Note: Done Deals contain information gathered from real estate agents, home buyers, home sellers and sale prices that are publicly available from government sources. While we try to publish Done Deals as soon as possible after the transaction has occurred, long closings can cause delays.

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