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Competition cuts Forest Hill home’s sale price Add to ...


ASKING PRICE $2,880,000

SELLING PRICE $2,715,000

PREVIOUS SELLING PRICE $1,635,000 (2007)

TAXES $16,480 (2012)


LISTING AGENT Boris Kholodov, Royal LePage Real Estate Services Ltd., Johnston and Daniel Division

The Action: Three dozen house hunters took the opportunity to explore this detached family home in Forest Hill. However, with stiff competition from other nearby properties also looking for buyers, a deal was negotiated in early May for significantly under the asking price.

What They Got: The exterior brick, stone and timber details of this roughly 70-year-old Tudor were preserved by the sellers, but the interiors were expanded and renovated with classic and modern luxuries, from elaborate trims, wainscoting and heated floors in the sky-lit master ensuite to central vacuum and sprinkler systems.

The 3,451-square-foot plan offers a living room with a limestone gas fireplace, a formal dining area and a combined kitchen and fireside family room with upscale marble finishes, butler’s pantry, built-in table, island and Sub-Zero, Wolf and Miele appliances, as well as patio doors.

Upstairs, two out of five bedrooms have walk-in closets and a private bathroom.

The 1,612-square-foot basement could function as nanny quarters as it has rear and side entrances, a guest bedroom, fifth bathroom and a recreation room.

A private driveway to a garage and fenced yard round out the 40-by-165-foot grounds.

The Agent’s Take: “There were several other properties on the market at the same time, however this property offered a very good combination of what people were really looking [for], including the original charm in exterior and all the modern finishings and features inside,” says agent Boris Kholodov.

“This house is very much a Toronto house with finishings that are attractive to most local buyers that appreciate good quality.”

Like the home’s size and style, the outdoor space is standard for the area. “It’s a very versatile lot because it’s a normal rectangle [shape] and it’s flat,” Mr. Kholodov notes.

“Most buyers … like a lot that is large enough to accommodate a swimming pool if they decide to put one in.”

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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