Sale of the Week: the Church-Wellesley townhouse that shows what $1 million gets you downtown
Address: 116 Granby Street
Neighbourhood: Church-Wellesley Village
Agent: Nadia Saloojee, Royal LePage Your Community Realty, Brokerage
The Property: This completely renovated condo townhouse has an open-concept, no-basement configuration that puts the den on the main floor, the kitchen and living room on the second and two bedrooms on the third. A built-in double garage is a particular draw, considering the downtown location.
The History: The townhouse owes its modern appearance to its seller, a young professional who wanted to give it a contemporary downtown look. He did away with stucco ceilings and installed pot lights throughout, added custom flooring and upgraded the kitchen. Some of the home’s original elements shine through, though, including a wood-burning fireplace. (The building was originally finished in 1983.)
The Fate: The new owners are PhD students moving to Toronto from Boston, where they were studying at Harvard. They’ll be surrounded by like-minded academics, as the Ryerson campus continues to expand into the Village.
The Sale: International sales rely heavily on strong online marketing campaigns, and this one was no exception. The agent made use of traditional flyering techniques in combination with an interactive online feature sheet and a push over social media. After three open houses, 116 Granby received two offers. The sale closed for $1,000,000 flat, or $23,000 over asking, after 13 days on the market.
By the Numbers:
• $1,000,000 • 2,000 square feet, approximately • $152.53 a month in condo fees • 102 per cent of list price • 31 years old • 13 days on market • 3 bathrooms • 2 bedrooms • 2 offers • 2-car built-in garage • 1 visitor parking spot outside the garage
