Lowry’s Toronto home has been sold

Deal raises speculation about veteran guard’s future with the Raptors

Kyle Lowry’s Toronto home has been sold. Not unlike the veteran point guard’s future with the Raptors, the purchase is conditional.

The 34-year-old Lowry, whose contract with the Raptors expires at season’s end, may or may not be traded to a championship contender in the leadup to the NBA’s March 25 trade deadline.

Whether or not team president Masai Ujiri makes such a franchise-shaking move surely depends on multiple factors, including Lowry’s level of desire to chase another championship ring, Toronto’s position in the playoff race, and whether or not the return would be enough to consider fast-forwarding Toronto’s transition into a post-Lowry era.

As for the real estate deal that’ll allow Lowry to move on from the five-bedroom, 10bathroom mansion located near Bayview Avenue and backing onto Highway 401: According to real estate records, it’s conditional pending a home inspection and financing.

The property, owned by KL7 Inc., a nod to Lowry’s uniform number, was put on the market at a price of $5.3 million about three weeks ago, only days before the Raptors announced they’ll play the remainder of their 72-game regular season in Tampa, Fla., where they’ve been playing “home” games at Amalie Arena since the season began in December.

Estimated at roughly 5,000 square feet, Lowry’s two-storey Toronto residence features an elevator, remote window blinds, a sauna and a backyard waterfall.

Lowry bought the property for $5.25 million in July of 2017, the same month he opted out of the final year of a pact that would have paid him another $12 million to agree to the biggest payday of his career — a three-year contract worth $100 million.

It was in the fall of 2019, a few months after Lowry helped the Raptors win their first NBA championship, that the point guard and the club came to terms on a one-year extension that, barring a trade, will keep him in Toronto until the end of the current season.