Sale of the Week: the Church-Wellesley townhouse that shows what $1 million gets you downtown
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Address: 116 Granby Street
Neighbourhood: Church-Wellesley Village
Agent: , Royal LePage Your Community Realty, Brokerage Nadia Saloojee
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:
• 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
282087 Here's the exterior view Sale of the Week: 116 Granby Street Sale of the Week: 116 Granby Street https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-1-200x200.jpg https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-1.jpg https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-1.jpg 1000 667  https://torontolife.com/real-estate/sale-of-the-week-116-granby-street/slide/toronto-sale-of-the-week-116-granby-street-1/ toronto-sale-of-the-week-116-granby-street-1 0 0
282088 The ground floor consists only of this den area. This is the view towards the front of the hosue Sale of the Week: 116 Granby Street Sale of the Week: 116 Granby Street https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-2-200x200.jpg https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-2.jpg https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-2.jpg 1000 667  https://torontolife.com/real-estate/sale-of-the-week-116-granby-street/slide/toronto-sale-of-the-week-116-granby-street-2/ toronto-sale-of-the-week-116-granby-street-2 0 0
282089 And here's a view of the den looking towards the back of the house. The stairs lead to the second floor Sale of the Week: 116 Granby Street Sale of the Week: 116 Granby Street https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-3-200x200.jpg https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-3.jpg https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-3.jpg 1000 667  https://torontolife.com/real-estate/sale-of-the-week-116-granby-street/slide/toronto-sale-of-the-week-116-granby-street-3/ toronto-sale-of-the-week-116-granby-street-3 0 0
282090 The second floor consists of this kitchen, as well as living and dining areas Sale of the Week: 116 Granby Street Sale of the Week: 116 Granby Street https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-4-200x200.jpg https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-4.jpg https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-4.jpg 1000 667  https://torontolife.com/real-estate/sale-of-the-week-116-granby-street/slide/toronto-sale-of-the-week-116-granby-street-4/ toronto-sale-of-the-week-116-granby-street-4 0 0
282091 Both bedrooms are on the third floor. This is one of them Sale of the Week: 116 Granby Street Sale of the Week: 116 Granby Street https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-5-200x200.jpg https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-5.jpg https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-5.jpg 1000 667  https://torontolife.com/real-estate/sale-of-the-week-116-granby-street/slide/toronto-sale-of-the-week-116-granby-street-5/ toronto-sale-of-the-week-116-granby-street-5 0 0
282092 Here's the master bedroom, with a nice bay window Sale of the Week: 116 Granby Street Sale of the Week: 116 Granby Street https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-6-200x200.jpg https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-6.jpg https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-6.jpg 1000 667  https://torontolife.com/real-estate/sale-of-the-week-116-granby-street/slide/toronto-sale-of-the-week-116-granby-street-6/ toronto-sale-of-the-week-116-granby-street-6 0 0
282093 The master bedroom's en suite washroom Sale of the Week: 116 Granby Street Sale of the Week: 116 Granby Street https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-7-200x200.jpg https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-7.jpg https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-7.jpg 1000 667  https://torontolife.com/real-estate/sale-of-the-week-116-granby-street/slide/toronto-sale-of-the-week-116-granby-street-7/ toronto-sale-of-the-week-116-granby-street-7 0 0
282094 And the view from the back Sale of the Week: 116 Granby Street Sale of the Week: 116 Granby Street https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-8-200x200.jpg https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-8.jpg https://torontolife.com/wp-content/uploads/2014/07/toronto-sale-of-the-week-116-granby-street-8.jpg 1000 667  https://torontolife.com/real-estate/sale-of-the-week-116-granby-street/slide/toronto-sale-of-the-week-116-granby-street-8/ toronto-sale-of-the-week-116-granby-street-8 0 0
13 thoughts on “Sale of the Week: the Church-Wellesley townhouse that shows what $1 million gets you downtown”
This house had been on and off the market since early May. I went to two open houses for it through the month of May. A bit misleading to suggest it only sold in 13 days … more like 2 months. The old listing can be seen here: http://webcache.googleusercontent.com/search?q=cache:9i6gAvKSEb8J:http://www.mcsrealestatewebsites.com/agents/propertyDetail.cfm?lid%3D1003665%26id%3DC2893979%26AID%3D43882%26sBrokerCode%3Dkwneighbourhood%26t%3Dn%2B116+granby+street+toronto+may&hl=en-CA&gbv=2&&ct=clnk.
This IS a beautiful home, and congrats to the buyers! One minor correction, though – the townhouse was on the market for one month and 13 days. Was listed once for a month, taken off, and immediately re-listed at a lower price. My partner and I put in an offer which was accepted, along with our deposit. It wasn’t until three days later that the seller backed out of the offer and refunded our deposit with no explanation. Looks like he got a better deal in the end!
It’s incredible what an investment in renovations and a trendy area can do for a home’s value in Toronto. Congratulations to the buyers.
Nadia Saloojee is also my Realtor, she is professional and always works to get her clients the best value for money!
What a beautifully finished home. I can’t believe the low condo fees for the size and location of the place!
This is a beautiful condo located in a great spot. Also the open layout makes it feel huge. Congrats to the new buyers, I’m sure it will be enjoyed.
Truly a beautiful home that’s located in a great spot downtown. Also the open layout
makes it feel huge. Congrats to the new buyers, I’m sure it will be
Was the deal signed? There’s no way a seller can back out like that once a deal is accepted and signed. Talk to your lawyer.
I don’t know it looks pretty ordinary to me. Obviously the location is prime.
Something about this comment board seems funny – maybe so many people repeating the exact phrase “Congrats to the new buyers, I’m sure it will be enjoyed.” or similar.
Yes – deal was signed. They had a legal bailout clause in the agreement though, which they didn’t waive and therefore the deal died after it was signed. Thanks for the response – we ultimately found another place and are quite happy with it, too. Thought I’d comment just because of the inaccuracy is all in terms of the sale.
Thanks for the info. I didn’t realize that a seller could use a clause like that after signing to back out of a deal.
I am aware that a sale can be conditional and if the situation arises, either party can back out of a deal. On financing, or a buyer can back out if an inspection goes south, or if the sale is conditional on the seller purchasing a new property (if that doesn’t happen).
Agreed. Great house!
Fucking no. Harvard students are not comparable to the likes of Rye High selfish twits. I do think it’s weird that you would talk about the new owners like it was no big deal to invade their privacy. I love this place. I walk by it everyday on my way from work. I considered making an offer. There used to be a cute cat that lived there who sat on an armchair watching the world go by. Love Granby St.
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