Sotheby’s International Realty Canada
131 Yonge Blvd., Toronto
Asking price: $3,379,000
Selling price: $3,284,000
Previous selling price: $1,700,000 (2009)
Taxes: $15,016 (2019)
Days on the market: Five
Listing and co-op agents: Nigel Denham and Robert Nelson, Sotheby’s International Realty Canada
The action
Decorative woodwork adorns the home's many entertaining areas.Sotheby’s International Realty Canada
This two-storey house near the Toronto Cricket Skating and Curling Club was given a new roof, fencing and interior makeover based on buyers’ feedback when it was listed for about $3.7-million last fall. A previous visitor took notice once it was relisted at about $3.4-million and returned to strike a deal in September.
“There’s a bit more inventory and the mindset of buyers had shifted, so they were less inclined to bid up prices and overpay," agent Nigel Denham said. "You have to be refined in your pricing nowadays, especially in North Toronto,”
“[Plus] we came back with a vastly improved presentation, which is why we effected a trade so quickly.”
What they got
The home was designed by architect Richard Wengle.Sotheby’s International Realty Canada
This roughly 30-year-old house has four bedrooms, five bathrooms and several areas devoted to entertaining, all adorned with upscale finishes, such as arched windows and decorative woodwork.
There is an office, media room and recreation area in the basement.
The agent’s take
The two-car garage has direct access to the house.Sotheby’s International Realty Canada
"[The former owner] hired a notable architect – Richard Wengle – to design and build their dream home,” Mr. Denham said.
“As a result, three out of four sides of the house have natural stonework, which is very expensive. That house was built like a fortress and, typical of Richard Wengle, it’s timeless and striking architecture.”
The large living space was a key selling point for many potential buyers. “It’s a 50[-foot-]by-140-foot lot, so it’s a big property, great for families who have kids and want space for them to burn off the boundless energy they have,” Mr. Denham said.
“It has a full two-car garage with direct access to the house, which is rare. A lot of the houses [in the neighbourhood] – even in $4-million to $5-million range – have single car garages.”
Your house is your most valuable asset. We have a weekly Real Estate newsletter to help you stay on top of news on the housing market, mortgages, the latest closings and more. Sign up today.