25 Warren Cres., Toronto
Asking price: $1,177,000 (July 2022)
Selling price: $1,277,000 (July 2022)
Previous selling price: $700,000 (August, 2015); $289,000 (June, 2003); $227,000 (September, 2000)
Taxes: $4,442 (2022)
Days on the market: One
Listing agent: Jeanette Grant, Royal LePage Lakes of Muskoka Realty
The action
This two-bedroom house rests on a 25- by 100-foot lot backing onto the Humber River ravine, a spot the first two visitors to the home were dead set on owning. After some quick negotiations, the bidder that added an extra $100,000 to the asking price won over the sellers.
“With the stalled market, we weren’t quite sure what to expect. Lots of places were sitting, getting terminated and re-listed lower,” said agent Jeanette Grant.
“We thought that [$1.177-million] was an attractive enough price point to get some action on it, though one that was listed the next day at a very similar price point just expired after 92 days on the market.”
What they got
This two-storey house was built in 1922, and has had numerous modern updates, recently including a new furnace and revamped kitchen with tile flooring.
The open living and dining area has a wood burning fireplace at one end. South-west facing decks are situated outside a rear family room and a primary bedroom upstairs.
There is a five-piece bathroom and a partially finished basement.
One car can park on the driveway.
The agent’s take
“Both sets of buyers appreciated the value of the beautiful location with direct access to Etienne Brulé Park, a view of the Humber River, and the fantastic redevelopment potential as a result,” Ms. Grant said.
“It’s a hidden gem of a neighbourhood in Toronto’s west end, highly desirable for young families with kids, dog lovers and those seeking a little solace in nature.”