Sale of the Week: the $2.5-million Lytton Park home that shows what a difference good timing can make

Sale of the Week: the $2.5-million Lytton Park home that shows what a difference good timing can make

(Image: Jordan, The Print Market) (Image: Jordan, The Print Market)
 

Address: 237 St. Clements Avenue
Neighbourhood: Lytton Park
Agent: Andre Kutyan and Robert Greenberg, Harvey Kalles Real Estate Ltd., Brokerage

The Property: This open-concept contemporary home in the east end of Lytton Park has large picture windows and three bedrooms, each outfitted with its own en suite bathroom. It’s walking distance to Yonge and Eglinton’s shops and subway.

The History: The sellers are a young family who were drawn to the neighbourhood because of its proximity to Allenby Junior Public School. Not even the foundations of the original home remained after they built this place for themselves three years ago. They spared no expense.

The Fate: A couple of empty-nesters made the purchase, according to the selling agent. With the Eglinton LRT expected to be completed by 2020, the property could make for an excellent retirement investment.

The Sale: The home was originally listed with a different agent for six months, to no avail. The current agent re-listed it for $2,495,000 after Canada Day to take advantage of a market short on houses in the same price range. The timing paid off. The eventual buyers offered slightly over asking to clinch the deal early on the first day of showings. The property sold after two days on the market.

By the Numbers:

• $2,505,000
• 3,355 square feet above grade, approximately
• 1,170-square-foot finished basement
• 100 per cent of list price
• 5 bathrooms
• 3+1 bedrooms
• 2-car built-in garage
• 2 days on the market
• 1 offer