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The Real Estate Market High bid halts showings of custom home on Toronto lakefront golf course

Sotheby’s International Realty Canada /Sotheby’s International Realty Canada

49 Lynndale Rd., Toronto

Asking price: $1,798,000

Selling price: $1,835,000

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Taxes: $7,280 (2018)

Days on the market: Five

Listing agents: Nigel Denham and Rob Nelson, Sotheby’s International Realty Canada

The action

The two-storey home backs onto the Toronto Hunt Club and Lake Ontario.

Sotheby’s International Realty Canada /Sotheby’s International Realty Canada

There were daily private showings of this custom-built two-storey home with an attached garage on a 50-by-120-foot lot backing onto the Toronto Hunt Club and Lake Ontario. But before a week could pass, a $1.835-million offer was presented to the sellers in October.

“There was nothing [else available] of this calibre and price point, so we had the lion’s share of eyes on us,” agent Nigel Denham said.

“The buyer smartly put a small premium on the ask price to incentivize the owner to take their offer and stop showing it to other people.”

What they got

The family room has a walkout to the patio and backyard.

Sotheby’s International Realty Canada /Sotheby’s International Realty Canada

Built by an engineer for his own family, this two-storey home features a classic four-bedroom plan, complete with a central dining room and an eat-in kitchen, as well as a lower-level office and recreation room with a fireplace.

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In subsequent years, a family room addition was created with a walkout to the south-facing patio and backyard.

The agent’s take

“It has 50-foot frontage and is south-facing – so it’s one of the biggest lots on the street – and it has beautiful vistas of the golf course and ravine system,” Mr. Denham said.

“[Plus] you do get lake views from the rear-facing rooms on the second floor. It’s a wonderful, beautiful setting all around.”

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