40 Barbara Cres., Toronto
Asking price: $2,398,000 (September, 2022)
Selling price: $2,550,000 (October, 2022)
Taxes: $7,924 (2022)
Days on the market: Three
Listing and buyers’ agent: Paul Johnston, Right at Home Realty
The action
This three-level back split on a half-acre site hosted 19 private tours in late September. There were several initial offers and counter-offers before a bid $152,000 over the asking price was accepted.
“It did not surprise me we had an enormous amount of interest because of how unique both the property and the lot were,” agent Paul Johnston said. “But it did surprise me that multiple people stepped up quite quickly with an offer.”
“The sellers quite reasonably said they wanted to take their time and fully understand what everyone’s position was, what their options were, and not proceed with haste or panic.”
What they got
Architect Donald Moffat designed this 57-year-old house to conform with the contours of a 55- by 416-foot lot backing onto Taylor Creek park and ravine.
At its centre is a kitchen, a dining room and entertaining space with a rear deck. Off to one side is a sunroom, while the other end provides a bedroom with a walk-in closet, a bathroom, and access to an enclosed courtyard and double garage facing the street.
Additional bathrooms are positioned nearby four bedrooms upstairs, and a recreation room on the lower level.
The agent’s take
“It’s an unbelievable sized lot with an enormous amount of tableland,” Mr. Johnston said.
“There are lots [in East York] 100 and 200 feet deep, but this is well over 400 feet deep, and has the benefit of tremendous vistas onto mature trees.”
This home’s design was captivating. “Other 1950s and 1960s infills are a bit more catalogue houses whereas this was the work of an architect who crafted a decidedly modern home that’s distinctive,” Mr. Johnston said.