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Buyer carves $60,000 from Toronto ravine home list price Add to ...


ASKING PRICE $1,425,000

SELLING PRICE $1,365,000

PREVIOUS SELLING PRICE $1,300,000 (Sept 2012)

TAXES $8,429 (2012)


LISTING AND CO-OP AGENT Bill Thom, Re/Max Realtron Realty Inc.

The Action: Of all the methods used to promote the sale of this detached residence – in Bayview Village near North York General Hospital – it was a lawn sign that persuaded a passerby to drop in for a tour and sign a deal.

What They Got: Nature envelops this brick house on a 54-by-104-foot lot on a street with mature trees that backs onto the East Don River ravine system.

Decks off the family room, eat-in kitchen and fireside master suite with a six-piece ensuite – the largest of five bathrooms – provide elevated outdoor spaces, while large windows frame the scenery in a fireside living room and den with 12-foot ceilings.

A two-storey foyer acts as the gateway into most areas with doors to the dining and laundry rooms and double garage, plus a winding staircase to four bedrooms upstairs and a lower-level bedroom and recreation area with a wet bar, wood-burning fireplace and walkout to the gated yard.

To update the roughly 30-year-old structure, the seller brought in new heating and cooling systems, stainless steel appliances, kitchen pot lights, hardwood and laminate floors throughout.

The Agent’s Take: “There are not too many ravine properties to start with in Toronto and this one backs onto a densely wooded ravine,” says agent Bill Thom. “Everything seems to be facing the back towards the ravine and it’s unique to have a balcony off the master bedroom, kitchen and family room and a walkout basement.”

The size and urban setting of this house also made it a solid investment for the buyer. “The average [home] is 3,200 or 3,300 square feet, but this is closer to 4,000 square feet,” Mr. Thom states.

“It’s also walking distance to the subway and has convenient access to the subway … and nice schools, like Earl Haig, which is a draw.”

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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