Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices
59 St Leonards Ave., Toronto
59 St Leonards Ave., Toronto

Pre-emptive offer beat competition for detached house in Lawrence Park Add to ...

59 ST LEONARDS AVE., TORONTO

ASKING PRICE $2.25-million

SELLING PRICE $2.5-million

PREVIOUS SELLING PRICE $480,000 (1986)

TAXES $12,873 (2015)

DAYS ON THE MARKET One

LISTING AGENT Patrice Gale, Royal LePage Real Estate Services Ltd.

The Action: There was such a shortage of Lawrence Park real estate early this February, properties around $2-million were selling quickly. For instance, before this detached estate could have a full day of exposure, one of the first three visitors headed off potential competition with a pre-emptive offer of $2.5-million.

What They Got: Since 1926, this 2-1/2-storey house bears a centre-hall plan with formal entertaining areas, five bedrooms, three bathrooms and a lower-level office with interior access to an oversized, attached garage.

To one side of the foyer is a living room with a gas fireplace and tiled sunroom, while the other side has a dining room and eat-in kitchen with granite counters, island, stainless steel appliances and access to a south-facing deck overlooking the fenced 50-by-150-foot lot.

Notable features upstairs consist of a tandem room off one bedroom and a walk-in closet in the master.

The Agent’s Take: “It’s steps to Yonge Street, great schools, including lots of private schools and great public school … and it’s about a 10-minute walk to the subway,” agent Patrice Gale says. “It was competing with the newly built homes on half the lot north of Lawrence, so this was a great alternative for somebody to get more house on twice the lot.”

While many original five-bedroom homes nearby swapped out a bedroom for an en suite, that was not the case here.

“It’s rare to find something as good a quality of home with that size and number of bedrooms,” Ms. Gale adds.

Report Typo/Error

Follow us on Twitter: @globeandmail

Also on The Globe and Mail

Video: Done Deals: How a heritage feel helped sell a Riverdale home for $201,000 over asking (The Globe and Mail)

Next story

loading

In the know

Most popular videos »

Highlights

More from The Globe and Mail