Skip to main content
done deal
Open this photo in gallery:

Keller Williams Portfolio Realty

68 The Westway, Toronto

Asking price: $999,000

Selling price: $1,015,000

Previous selling prices: $495,000 (2006); $318,500 (1996)

Taxes: $4,842 (2018)

Days on the market: Three

Listing agents: Irene Kaushanksy and Philip Brown, Keller Williams Portfolio Realty

The action

Open this photo in gallery:

The home's living spaces are split over four levels.Keller Williams Portfolio Realty

This backsplit residence has a layout unlike most bungalows and two-storey homes that were sold in the Richview community this winter, so arriving at an appropriate listing price was a bit of a challenge and the four-month path to a sale was rocky. The home was originally listed at $1.089-million, but got no offers at that price. The asking price was then dropped below $1-million, which drew three offers, but the one bid the owners choose to negotiate eventually feel apart. Relisted once more above $1-million, one more offer was received but that too collapsed in negotiations. When the home was relisted and the price dropped to $999,000 in February, the owners received four offers, the best of which sealed the deal.

“There aren’t a lot [of backsplits], especially in that immediate pocket, which is part of what made it hard to price,” agent Irene Kaushansky said.

“Buyers were convinced that because it was on the market for a while, they could buy it at a much lower price, and we went through a number of offers … [because] we weren’t prepared to take less than what the house was worth.”

What they got

Open this photo in gallery:

The basement has an eat-in kitchen and recreation area.Keller Williams Portfolio Realty

From the street, this 3,646-square-foot house on a 47-by-116-foot lot looks like a bungalow with a double garage. But its living spaces span four levels, including a basement with an eat-in kitchen and a recreation area with a wet bar and a fireplace.

At the front of this 45-year-old home are the primary living, dining and cooking quarters. A central staircase leads up to three bedrooms and down to a fourth bedroom and family room with a gas fireplace and patio exit.

The agent’s take

“The house had a lot of space, like backsplits tend to have,” Ms. Kaushansky said.

“It has a very nice, very big, renovated eat-in kitchen, and it had a window that overlooks the backyard, which is rare for backsplits.”

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.

Follow related authors and topics

Authors and topics you follow will be added to your personal news feed in Following.

Interact with The Globe