Sale of the Week: The $1.6-million new-build that shows the investment potential of Wallace-Emerson

By Nicholas Mizera | June 22, 2015

By Nicholas Mizera | 06/22/2015

Address: 132 Yarmouth Road
Neighbourhood: Wallace-Emerson
Agent: Alice Kent, Bosley Real Estate Ltd., Brokerage

The Property: Because of its unique facade, this modern Wallace-Emerson home is known as “the ‘S’ house” among neighbours. It has an open-concept main floor with a glass staircase, a master bedroom with a massive six-piece en suite bathroom, and a sizeable backyard with a two-car detached garage.

The History: The home was completed in 2012. The new-build left little for the sellers to improve upon aside from the yards, which they had professionally landscaped.

The Fate: The west end is seeing an influx of builders hoping to cash in on the redevelopment of aging industrial, commercial and residential properties. Modern pads like 132 Yarmouth remain relatively rare, though, which buoys their values.

The Sale: The home was listed for $1,149,000 when we last featured it in 2012. Then it was marked down twice until it finally sold for $1,075,000. The selling agent says the challenge back then was finding other properties to compare it to. West-end gentrification has changed all that. The current sellers used similar new homes cropping up in the Junction and High Park as precedents for their asking price, $1,387,000. They received six offers in six days.

By the Numbers:

• $1,575,000
• 114 per cent list price
• 6 days on the market
• 6 offers
• 4 bathrooms
• 3+1 bedrooms
• 2-vehicle detached garage
• 2 years old, approximately

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13 thoughts on “Sale of the Week: The $1.6-million new-build that shows the investment potential of Wallace-Emerson”

Rajee Man says:

June 22, 2015 at 5:16 pm

The Master bedroom takes up the whole ‘third’ floor, not the ‘first’ floor. ;)
Toronto Life says:

June 22, 2015 at 5:20 pm

Thanks for pointing that out. We’ve fixed it.
DANIEL says:

June 23, 2015 at 9:33 am

This neighborhood is actually Christie Pits.
mezimeen says:

June 23, 2015 at 12:22 pm

This is actually part of Seaton Village (East side of Chirstie St)
Britney Andrade says:

June 23, 2015 at 3:26 pm

Which is why this is not “news”. Expected price in this neck of the woods!
missedthebus says:

June 25, 2015 at 7:35 am

I just don’t get why, when it’s a new build, the front door opens right into the living room like that. Where do people put their coats, boots, etc., assuming real people will live there?
Estogirl says:

June 25, 2015 at 8:25 am

This is NOT Wallace Emerson. The real estate people made that up. This is Christie Pits. Wallace Emerson is at Dufferin, in fact there is a community centre named as such at Dufferin and Dupont. Claiming this house is in Wallace Emerson is completely misleading.
Estogirl says:

June 25, 2015 at 8:26 am

This is NOT Seaton Village either, which is found between Christie and Bathurst. Period.
Estogirl says:

June 25, 2015 at 8:27 am

Thank you Daniel for pointing that out. Correct. But apparently not in the eyes of the Real Estate Board
mezimeen says:

June 25, 2015 at 9:21 am

Whoops, you’re right. Thought it was a similar house on the east side of Christie. Don’t take it too seriously OKAY?! Yikes.
PMcBride says:

June 30, 2015 at 10:41 am

Would it be possible to find out where the dining room table and chairs were purchased?
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