Sale of the Week: the $923,000 semi that hints at a million-dollar future for a Leslieville street

Sale of the Week: the $923,000 semi that hints at a million-dollar future for a Leslieville street


Address: 82 Ivy Avenue
Neighbourhood: Leslieville
Agent: Ralph Fox and Kori Marin, Sage Real Estate Limited, Brokerage

The Property: This three-bedroom semi in Leslieville features an open-concept main floor with a powder room for guests, a kitchen with a marble centre island and custom finishes throughout. The basement has a full kitchen, making it relatively simple to convert into an apartment with a separate entrance.

The History: A member of the sellers’ family did a stud-to-stud renovation of the century-old home between 2004 to 2005. Some of the more impressive things he added include a glassed-in staircase, an exposed-brick wall and floor-to-ceiling cabinetry in the kitchen.

The Fate: This particular pocket of Ivy Avenue is gaining cachet as Wagstaff Drive, the laneway in its backyard, becomes a hotspot for trendy tea importers, coffee roasters and microbreweries. The underexposed area will be getting a further publicity boost in early 2015, when 82 Ivy is scheduled to be featured on HGTV’s Property Brothers.

The Sale: The listing hit the market almost two weeks ahead of Labour Day. Rather than compete with the fall rush in September, the agents risked an offer deadline the day before the long weekend, when most of Toronto is cottage-bound. This move ensured a low-inventory market, which worked to the seller’s advantage. According to the agents, this is the third home on the street to sell for over $900,000, a trend in line with Leslieville’s steadily rising home values.

By the Numbers:

• $923,000
• 2,144 total square feet
• 600-square-foot backyard deck
• 710-square-foot finished basement apartment
• 110 per cent of list price
• 8 days on the market
• 3 bedrooms
• 3 washrooms
• 2 parking spaces
• 1-car detached garage