Real Estate

Sale of the Week: the $1-million Wychwood home that proves a small lot can sell overnight

Sale of the Week: the $1-million Wychwood home that proves a small lot can sell overnight

Address: 31 Wychwood Avenue
Neighbourhood: Wychwood Agent: Ryan Roberts, Bosley Real Estate Ltd., Brokerage

The Property: This contemporary two-storey home is situated on a shallow lot across the street from the Wychwood Barns. It has a fully renovated kitchen and a finished (and soundproofed) basement.

The History: The sellers, a young family, picked up the property five years ago when it was tenanted and “heavily worn,” according to the selling agent. They upgraded the kitchen with new surfaces and luxury appliances, redid the facade and landscaped the yards. One thing they didn’t touch was the original hardwood flooring, which gives the renovated house some of its character.

The Fate: Another young couple scooped up the home. They didn’t object to the small lot size, thanks in part to the clever landscaping. Parking could be an issue, though: the lack of a garage or driveway means they’ll have to apply for street parking permits from the city.

The Sale: The sale was helped along by Toronto’s notoriously low inventory of detached homes. The sellers intended to review offers after a week, but decided to sneak a peek at the six bully offers they received after day one. The home sold in less than 24 hours.

By the Numbers:

• $1,041,000 • 1,650-square-foot lot • 1,234 square feet above grade • 565-square-foot basement • 123 per cent list price • 27.5-by-60-foot lot • 24 hours, approximately, on the market • 6 bully offers • 3 bedrooms • 2 bathrooms



Sign up for This City, our free newsletter about everything that matters right now in Toronto politics, sports, business, culture, society and more.

By signing up, you agree to our terms of use and privacy policy.
You may unsubscribe at any time.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.


Big Stories

These are Toronto’s best new restaurants of 2024
Food & Drink

These are Toronto’s best new restaurants of 2024