Sale of the Week: the $2.2-million Lawrence Manor home that proves the value of a cul-de-sac
The Property: This brand-new, four-bedroom Lawrence Manor house has a large, open-concept interior, complete with glass-walled living and dining rooms. Its location at the far end of a cul-de-sac eases the drawbacks of living just off busy Avenue Road.
The History: Builders bought up the bungalow that used to occupy this plot of land a year and a half ago, then replaced it with this new-build. The contemporary mini-mansion design fits in well with other updated homes on the street.
The Fate: Avenue Road is experiencing a surge of development, both along its main strip and in its surrounding neighbourhoods. One upcoming development to the south will result in the loss of several shops between Brookdale and Fairlawn, including local legends Bistro on Avenue and Fairlawn Market. As the area adds density, this home’s relative privacy will become steadily more valuable.
The Sale: Helped along by its prime location near Avenue Road and the 401, plus a marketing plan that included open houses, billboards and full-page advertisements in newspapers, the home sold for $2,180,000 after 17 days on the market.
By the Numbers:
• 3,700 square feet above grade
• 97 per cent of list price
• 50-foot frontage
• 17 days on the market
• 9-piece master ensuite
• 5 washrooms
• 4+1 bedrooms
• 2-car garage