Sale of the Week: the $1.7-million Yonge and Eglinton home that shows the power of a good school district

The Property: This two-storey home’s polished concrete and wood finishes make for a modern, loft-like interior. The home is in the vicinity of some of Toronto’s best private and public schools, and the patio overlooks Eglinton Park.

The History: This house was built in 2008 on a lot that used to be occupied by a bungalow. A family snapped it up shortly thereafter. They were specifically seeking a home within the Allenby Junior Public School district.

The Fate: The new buyers are moving from Aurora to be closer to their friends and midtown’s school districts. Their investment could turn out to be a very good one, in part because the Eglinton Crosstown light-rail line, set for completion in 2020, will dramatically improve the house’s access to public transit.

The Sale: The buyers swooped in with a firm offer on the first day the property was listed. The sellers, however, weren’t prepared to let the home go until they’d secured a nearby house within the same school district. Their longtime agent pulled through, and the deal for 697 Oriole Parkway was finalized within two days.

By the Numbers:

• $1,690,000 • 2,247 square feet above grade, approximately • 99 per cent of list price • 14 nearby schools • 4 bedrooms • 4 washrooms • 1-car built-in garage • 1 day on the market