Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Arts & Crafts original sells for $149,000 less than asking Add to ...

29 OAKMOUNT RD., TORONTO

ASKING PRICE $1,649,000

SELLING PRICE $1,500,000

TAXES $7,203 (2012)

DAYS ON THE MARKET 24

LISTING AGENT Myron Dylynsky, Royal LePage Real Estate Services Ltd.

The Action: Just north of Bloor Street and High Park, this Arts and Crafts residence catered to a niche market that not only appreciated its history and could afford its million-dollar price tag, but also overlooked its location next to a highrise.

More Related to this Story

Twenty buyers booked private tours and one visitor presented a $1.5-million bid to secure its ownership within less than a month.

What They Got: Nearly a century ago, Eden Smith – an architect prolific in the late 19th and early 20th centuries – designed this side centre hall home on a 44-by-180-foot lot. It now has 5,260 square feet of interior living space, including a 1,530-square-foot basement apartment, plus surface parking and a 1,130-square foot coach house with a loft space above.

More than a decade ago, the sellers replaced the mechanics and roof, remodelled all five bathrooms, converted the kitchen into a fireside office and created an eat-in kitchen with heated terracotta tile floors, granite counters, stainless steel appliances and a door to the deck and flagstone patio.

Hardwood floors, trims, stained glass windows and light fixtures are original – or were replaced with replicas – in areas such as the formal living and dining rooms, which feature a wood-burning fireplace and elaborate wood panelling respectively, and a fireside family room on the second floor.

Four bedrooms, including two with sitting rooms, are on the upper floors off a grand oak staircase.

The Agent’s Take: “There are a number of homes left in Toronto designed and built by Eden Smith, but what was interesting was that there were only two owners in the 100 years,” Myron Dylynsky said.

“It’s three times the value of the average home in Toronto, so not only is it an expensive property, but it’s a very unique property in the manner of which it was preserved.”

Plus, this 2.5-storey house provides more than adjacent two-storey homes. “That coach house is a huge structure on the property and I haven’t seen a double arched door coach anywhere else,” Mr. Dylynsky added.

“[In addition] it’s got a private driveway, which a lot of properties in that area don’t have – they have shared driveways.”

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.

 

In the know

More from The Globe and Mail

Most Popular Stories