An­nex real es­tate re­mains hot

A cute Vic­to­rian home on a side street gar­ners mul­ti­ples

Bayview Post - - News - by Ron John­son

LIST PRICE: $1.595 mil­lion SELL­ING PRICE: $1.808 mil­lion DAYS ON MAR­KET: 7

This gor­geous Vic­to­rian home landed on the mar­ket in late sum­mer, and even when the mar­ket was in a lull, it sold right away and well over the ask­ing price. The charm­ing house is on a side street and fea­tures a lovely south garden and spa­cious rooms. It hasn’t been on the mar­ket since 1957. Post City spoke to re­al­tor David Free­man who sold the prop­erty.

SELL­ING POINTS

This prop­erty was a well-pre­served home from when it was built, with so many in­tact de­tails. It was mu­seum-qual­ity con­di­tion. One of the draws was for those in­ter­ested in Vic­to­rian-era qual­i­ties and ar­chi­tec­ture. The other draw was its size. It’s a three-storey home with five bed­rooms, and the sec­ond kitchen could be con­verted to a sixth bed­room. It lends it­self to a lot of dif­fer­ent uses. You could keep it this way with two kitchens, or con­vert to some­thing more sin­gle fam­ily, es­pe­cially when spend­ing this kind of money.

NEIGH­BOUR­HOOD

It’s a very rare street, a very unique street. Any­one who ev­ery worked at or went to U of T, they all know Will­cocks. This one block, it feels like the 1920s, and all of these homes are pro­tected by her­itage. If you value the pace and qual­i­ties of yes­ter­year, you are im­me­di­ately drawn to a prop­erty and a street like this. It’s a rare qual­ity, and the owner had lived in the prop­erty for ap­prox­i­mately 60 years.

WHAT WENT DOWN?

It was mid-Au­gust, which is tra­di­tion­ally the sec­ond slow­est month of the year, but we had tremen­dous ac­tiv­ity on the prop­erty. The open houses were very well-at­tended, I would say with 30 par­ties per day, and I don’t know the ex­act num­ber, but eight to 10 of­fers.

MAR­KET IM­PACT?

What it shows is that peo­ple are mov­ing to the city, for many rea­sons: work, fi­nan­cial, get­ting rid of two cars, schools.… There is more in­ter­est in liv­ing down­town than other lo­ca­tions, gen­er­ally speak­ing, but val­ues have come down.

This red-brick Vic­to­rian gem on a quiet street sold in seven days

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