22 Western Battery Rd., unit 122, Toronto
Asking price: $699,000
Selling price: $820,999
Previous selling price: $565,000 (2015); $307,140 (2006)
Taxes: $3,066 (2018)
Days on the market: Six
Listing agent: Anthony Coretti, Royal LePage Supreme Realty
This single-storey, stacked townhouse is unlike many adjacent units, which have multiple levels and flights of stairs. Plus, its original third bedroom has been converted into a formal dining room.
Given its unusual characteristics, traditional formulas to estimate its value were used only as loose guidelines when it entered the market at $699,000 in mid-March. Nearly a week later, one of 11 parties bidding on it decided it was worth $121,999 more.
“A lot of agents were coming in talking about price per square feet, which is fine and dandy when everything lines up, but when you have a unique property such as this – not to mention the finishes were far beyond anything else – it’s so hard to price,” agent Anthony Coretti said.
“We went with the [comparable two-bedroom] sales, but we knew we should be overshooting them.”
What they got
At one end of a low-rise building composed of urban townhouses with street-level entrances, this wide and shallow unit enjoys the benefit of windows on three sides overlooking a park across the street.
Further improving the 13-year-old space were recent upgrades to the kitchen, including quartz counters, an island and backsplashes in the kitchen.
There are two full bathrooms, as well as laundry machines and underground parking. Water costs are covered by monthly fees of $478.
The agent’s take
“The other townhouses there, you [often] come up to a foyer and you see four or five doors, so you see all your neighbours’ [entrances]. This was private and secluded,” Mr. Coretti said.
“And it had 270-degree views as you had windows on the east, north and west, so it was really a special unit.”
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.