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Toronto Real Estate Cabbagetown sellers accept near-asking offer after long wait

Shannon Ross Photography

35 Winchester St., Toronto

Asking price: $1,640,000

Selling price: $1,585,000

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Previous selling price: $359,000 (1999)

Taxes: $6,056 (2018)

Days on the market: 97

Listing agent: Jen Tripp, HomeLife/Realty One Ltd

The action

The home still has traditional living and dining rooms.

Shannon Ross Photography

Over three months this winter, every time agent Jen Tripp considered a price drop for this semi-detached Edwardian, it received an offer or an influx of showings. One buyer who made a low-ball bid early on doubled back to make a better proposal, but it was already scooped up by another party for $1.585-million in February.

“From the trenches, we’re seeing longer days on market, we’re not seeing as many hold backs [on reviewing offers] or if they do, they often go back out at a different price point,” Ms. Tripp said.

“The fact we didn’t do a price change, speaks to the fact this isn’t about the price, it’s about finding a buyer, which are very different things.”

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What they got

The den opens to a 600-square-foot deck with multiple tiers.

Shannon Ross Photography

This 2,195-square-foot house has retained much of its early 20th-century character, from the red-brick façade to traditional living and dining rooms with hardwood floors, nine-foot cove ceilings and original pocket doors.

Renovations were done to modernize all three bathrooms and the eat-in kitchen. Sliding doors from the kitchen open to a den, also with sliding doors to a 600-square-foot deck with multiple tiers, built-in seating and south-facing exposure.

There are open areas on the third and lower levels.

The agent’s take

“It was in very good condition, but the unique thing is that it has four bedrooms. It’s very hard to find a four-bedroom houses in Toronto,” Ms. Tripp said.

“The third-floor den was amazing. It was a big open space with a bedroom, so there was enough room for these purchasers to have two quality-sized home offices.”

Parking off the laneway behind the 20-by-138-foot lot was also a welcomed asset. “Often in Cabbagetown you either get a garden or parking, but here you have a front garden, a backyard and two-car garage,” Ms. Tripp said.

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