Sale of the Week: the $2-million St. Clair triplex that proves rental properties can be stylish

Sale of the Week: the $2-million St. Clair triplex that proves rental properties can be stylish

Click to view gallery. (Image: Irma Eibich) Click to view gallery. (Image: Irma Eibich)
 

Address: 39 Foxbar Road
Neighbourhood: Yonge-St. Clair
Agent: Irma Eibich, Re/Max Condos Plus Corporation, Brokerage

The Property: Separated into three units, this unusual two-and-a-half-storey triplex is situated on a secluded one-way street that backs onto St. Michael’s Cemetery, affording it maximum privacy. High-end details make the difference, here. A former owner (an interior decorator) added her personal touches throughout, including hardwood floors, gas fireplaces and well-appointed kitchens. The master bedroom sports a walkout to a backyard garden with a private studio in a separate building. As for the two units above, one features cornice mouldings and both have private walkout decks of their own, which are conveniently out of view of one another and only partially overlook the garden below.

The History: Despite being built in 1910, 39 Foxbar is in surprisingly nice condition. Currently, two hand-picked tenants occupy the second- and third-level suites, giving the new owners an automatic income stream.

The Fate: The new owners are a family who were enticed by the triplex’s unusually plentiful space and the desirable school district nearby (Upper Canada College is a short walk north). The property’s value may be buoyed by development in the area. Several upscale residential and mixed-use developments are planned, along with streetscape improvements.

The Sale: The listing agent, a Ryerson photography alum, takes pride in creating her own marketing materials and believes exceptional photography played an essential part in the sale. An open house attracted a whopping 19 agents. The sellers received one offer at exactly the listing price after an eight-day offer period, and sealed the deal amid at least one desperate call from a belated suitor.

By the Numbers:

• $1,999,000
• 104 years old
• 100 per cent of the list price
• 15 days on the market
• 3 individual suites
• 3 private walkout decks
• 3 private parking spots
• 1 garden
• 1 offer