Sale of the Week: the $1.96-million home that proves Lawrence Manor is a hotbed for new-builds

Sale of the Week: the $1.96-million home that proves Lawrence Manor is a hotbed for new-builds

Address: 474 Woburn Avenue
Neighbourhood: Lawrence Manor
Agent: Adam Weiner, Harvey Kalles Real Estate Ltd., Brokerage

The Property: This new-build in Lawrence Manor has four bedrooms, each with an en suite washroom. Luxury conveniences include a $30,000 Miele kitchen-appliance package and radiant floor heating in the finished basement.

The History: An investor bought the property several years ago for around $900,000, tore down the preexisting red-brick bungalow and replaced it with this custom design. He and his wife originally intended to live in it, but then they found a different location that suited them better.

The Fate: The street is turning into an enclave of contemporary homes. It tends to attract buyers like the empty-nesters who bought this hip house for entertaining.

The Sale: The interlocking parking pad behind the home put off some potential buyers seeking a traditionally landscaped backyard, but the property still received three offers within 19 days on the market, finally closing at $1,960,000. According to the agent, that’s the most a home with 30-foot frontage has sold for in the Lawrence Manor area.

By the Numbers:

• $1,960,000
• $30,000 Miele kitchen-appliance package
• 2,700 square feet above grade, approximately
• 97 per cent of list price
• 19 days on the market
• 8 months old
• 5 bathrooms
• 4+1 bedrooms
• 4 spaces on the parking pad, accessible by laneway
• 3 offers
• 1-car built-in garage