25 Golfdale Rd., Toronto
Asking price: $2.8-million
Selling price: $2,775,000
Previous selling prices: $2,395,000 (2015); $1,630,000 (2014); $1,410,000 (2011)
Taxes: $13,149 (2019)
Days on the market: Three
Listing and co-op agents: Belinda Lelli and Paul MacMillan, Royal LePage Real Estate Services Ltd.
Available listings are generally rare around this corner of Lawrence Park near the Rosedale Golf Club and top rated schools, but this four-bedroom home had several competitors when listed at $2,998,000 for nearly a month early this summer.
To target local families before they vacationed out of town, open houses were hosted in the last weekend in June. To add further enticement, it was relisted at a reduced price of $2.8-million on June 27 – and sold three days later.
“Buyers for homes in this price range have had to cope with the new stress test requirements. As a result, the market for these properties has softened,” said agent Belinda Lelli, who ultimately found multiple offers.
“A new aggressive price reduction prior to Canada Day long weekend made for a quick sale 99 per cent of our asking price on the holiday Sunday.”
What they got
This centre hall residence shows the craftsmanship of a bygone era with its brick façade, rich wainscotting in the foyer and dining area, and fireplaces in the living room and one bedroom upstairs.
The roof, windows and mechanical systems have all been updated and there are heated floors in five bathrooms. The remodelled kitchen has a long island with bar seating. The basement was also redone to create a recreation space and guest rooms.
A double garage, south-facing deck and fenced-in yard are clustered at the back of the 50-foot-by-125-foot grounds.
The agent’s take
“This home is a classic 1927 house with 21st-Century updates,” Ms. Lelli said.
“This coveted street in Lawrence Park north offers a tranquil setting that is mere steps from all the conveniences of Yonge Street.”
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