Sale of the Week: the $1.8-million Long Branch home that shows what 30 feet of Toronto lakefront is worth
Address: 85 Lake Promenade
Neighbourhood: Long Branch
Agent: Sohail Mansoor and Arlyn Fortin, Royal LePage Signature Realty, Brokerage
The property: This Long Branch home’s back deck is located just steps away from Lake Ontario, and the open-concept main level has a floor-to-ceiling view of the water. The master suite has a door that leads directly to the beach.
The history: The sellers moved in 25 years ago. Now retired, they’re selling off to travel the globe. They upgraded the home in 2009 with a modern kitchen, new windows, updated bathrooms and new hardwood and slate floors. They also turned the attic into a loft-style family room.
The fate: Things are heating up in Long Branch, as new restaurants and shops entice young buyers who find themselves priced out of Bloor West and Trinity-Bellwoods. The buyers may benefit from the change.
The sale: Some prospective buyers didn’t love the fact that the master bedroom is on the lower level, but the main floor’s 14-foot ceilings (and the resulting view) more than made up for the non-traditional design. The sellers received an initial offer within a week of listing. The sale looked as though it was going to stall in negotiations until a second potential buyer expressed interest, at which point the original suitor finally sealed the deal.
By the numbers:
• $1,805,000 • 3,293 square feet • 98 per cent list price • 49 years old • 39 days on the market • 30 feet of lake frontage, approximately • 4 bathrooms • 3 bedrooms • 1 remote-controlled fireplace • 1-car attached garage
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