38 Earl St., Th 5.
38 Earl St., Th 5
Asking price: $749,000
Selling price: $825,000
Previous selling prices: $520,000 (2014); $498,000 (2013); $455,000 (2011); $326,000 (2008); $237,000 (2003)
Taxes: $3,305 (2018)
Days on the market: Four
Listing agent: Christopher Kowal, Royal LePage Urban Realty
Interior appointments range from 10-foot ceilings and oak hardwood floors, to a gas fireplace in the combined living and dining area.
The action: Every few years, a homeownership opportunity emerges in a condominium townhouse community near Sherbourne station. The seller of this 1,250-square-foot unit turned down an offer on the first day of marketing in late June, but accepted another following verbal negotiations over its price a few days later.
“It’s so unique, not just in the complex, but in the city, as it’s only a one-bedroom and one-bath [plan], although it has very generous square footage,” agent Christopher Kowal said.
“People looking for one-bedroom, one-bathroom units are [often searching] under the $600,000 range, so I had to price this strategically so it wouldn’t be too high to prohibit anyone from looking at it, but not so low it looked underpriced.”
The kitchen has quartz counters and stainless-steel appliances.
What they got: Mixed within an enclave composed primarily of four-storey townhouses built about two decades ago are a few Victorian mansions retrofitted with smaller residences.
One mansion was divided into three units, including this two-storey suite spanning the main and lower levels. The main floor has street-level entry from the front porch and the lower floor has access to garage parking and a 275-square-foot terrace.
Interior appointments range from 10-foot ceilings and oak hardwood floors, to a gas fireplace in the combined living and dining area, and quartz counters and stainless-steel appliances in the kitchen.
Water is included in the $720 monthly maintenance fee.
The home features a sunken terrace off the lower-level bedroom.
The agent’s take: “It’s very unusual to see a very beautiful heritage Victorian house converted into a condo,” Mr. Kowal said.
“So it’s a little deceiving from the street. It looks like when you walk into it, you own the entire house, but it’s really just the main floor and basement.”
The over-century-old unit is equally surprising once inside. “The finishes are gorgeous, and it has a very private sunken terrace off of the bedroom on the lower level,” Mr. Kowal said.
This one-bedroom, one-bath townhouse condominium that is part of a converted mansion in the Upper Jarvis neighbourhood in Toronto sold in four days for $76,000 over asking.