40R Shaftesbury Ave., Toronto
Asking price: $1,188,000 (February, 2021)
Selling price: $1,275,000 (February, 2021)
Taxes: $6,717 (2021)
Days on the market: Seven
Listing agents: Nigel Denham, Robert Nelson and Penny Brown, Sotheby’s International Realty Canada
This two-storey, 20-foot-by-42-foot laneway house was built about 10 years ago by Toronto architectural firm Superkul. Previous attempts at selling the space had failed to elicit an acceptable bid and a new team of agents were brought in to try again. A minor price adjustment and a staging makeover resulted in two offers this February.
“The staging before didn’t speak to the nature of what that house was – which was modern, Scandinavian and minimalist,” agent Nigel Denham said. “It’s a compact space, so we had to be strategic and thoughtful about the pieces we put in there.”
“We had all eyes on us with no competitive inventory on the market in the area. Finding $1-million to $1.5-million houses in Summerhill is rare to begin with.”
What they got
Superkul converted what was once a blacksmith shop into a house with 960 square feet of living space. There are two-storey lightwells along the living room and eat-in kitchen and heated concrete floors.
Upstairs, two bedrooms are separated by a private courtyard with stairs to two rooftop decks.
The agent’s take
“It’s a very cool space,” Mr. Denham said. The original steel doors were reused and hung on the outside of the building and “could be slid across to close or expose one of the windows on the ground floor.”
“You’re tucked away in a nice quiet laneway with a nice treetop view from your rooftop terrace,” Mr. Denham said.
“It didn’t have parking … but you’re literally a 60-second walk to the best part of Yonge and Summerhill shopping and entertainment.”
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