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Toronto Real Estate Lowered asking price draws single offer for Toronto house

Lucais Corp.

78 Beaty Ave., Toronto

Asking price: $1,799,000

Selling price: $1,725,000

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Previous selling price: $1,065,000 (2017)

Taxes: $4,719 (2018)

Days on the market: 81

Listing agent: Lucais Shepherd, Lucais Corp.

The action

The bones of this two-storey brick structure date to 1912, but the rest is essentially new.

Lucais Corp.

This detached Edwardian was initially priced at $1,850,000 late last November, but buyers’ interest waned leading up to Christmas Day. So the asking price was trimmed back to under under $1.8-million, which convinced one shopper to circle back with an official bid.

“When the year turned over, a lot of stuff came off the market," agent Lucais Shepherd said. “In January, showings picked up and there was a bit more positivity in the market.”

What they got

There are oak hardwood floors in all three bedrooms upstairs.

Lucais Corp.

The bones of this two-storey brick structure date to 1912, but the rest is essentially new, from quartz counters in the kitchen and four bathrooms to designer light fixtures and oak hardwood floors in all three bedrooms upstairs and the open living and dining rooms. There is a fireplace in the living room. French patio doors lead to a stylish mudroom addition.

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The basement has also been modernized and consists of a recreation room, kitchen and bedroom, as well bathing and laundering facilities.

The 27-by-148-foot grounds were refreshed with new fencing, patio, landscaping and re-built garage.

The agent’s take

“The last sale on the street of another house was $3.2-million and change, so that gives you an indication of what’s selling on the street and the calibre,” Mr. Shepherd said.

“[Edwardians] are very solid houses and this has two beautiful bay windows with great views. [The sellers] didn’t spare anything, they literally did everything from scratch, including structural work as well.”

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