Real Estate

Sale of the Week: the $852,000 Roncesvalles home that shows the sales power of a hot block

Sale of the Week: the $852,000 Roncesvalles home that shows the sales power of a hot block

By |  

By |  

toronto-sale-of-the-week-308-garden-avenue-intro

Address: 308 Garden Avenue
Neighbourhood: Roncesvalles
Agent: Loic Danis, Sutton Group Old Mill Realty Inc., Brokerage

The Property: This recently renovated Roncesvalles semi takes up the entire width of its exceptionally large 20.25-foot frontage. The rare, one-car parking pad up front was a particular draw for many visitors, as was the home’s proximity to High Park and the waterfront.

The History: The previous owners were a young couple, one a teacher and the other an IT worker, with three young children. They bought the house back in 2005. Despite the neighbourhood’s amenities (including great schools and restaurants on Roncesvalles Avenue), they decided to depart for a detached home with more space for their growing family. Between 2010 and 2013, they repainted 308 Garden, installed pot lights throughout and added a solarium off the living room to create more space, among other upgrades.

The Fate: This house is one of many in the area to have changed hands a few times recently. Older families who hung onto homes in the primarily Polish area are now selling off, and Roncesvalles is seeing young families of all nationalities moving in. The neighbourhood’s built form isn’t changing that much, though. New condo construction is limited mostly to Bloor Street.

The Sale: The semi was listed at $859,900, which is what similar homes were selling for on the block. That’s why it came as such a surprise when the initial reception from potential buyers was lukewarm. Once a handful of homes listed in the same price range down Garden Avenue sold for approximately $100,000 over asking, though, interest picked up. After 23 days on the market, 308 Garden closed for $852,500 after receiving a single bid.

By the Numbers:

• $852,500
• $4,295 in taxes (2013)
• 99 per cent of list price
• 23 days on the market
• 20-foot-wide lot
• 4+1 bedrooms
• 2 bathrooms
• 1-car parking pad
• 1 offer

Topics: Homes housing Housing Market Roncesvalles sale of the week

3 thoughts on “Sale of the Week: the $852,000 Roncesvalles home that shows the sales power of a hot block”

  1. Finally the market and buyers are coming to their senses!!! But still, if you drive 20 minutes away, you can get twice the lot, detached, 6 times the parking, and pay less taxes…

  2. 20 min away would mean you aren’t in Roncesvalles anymore. The point for these buyers is that they want to be there. Prices of homes in Roncy has gone up so much.

Comments are closed.

 

Big Stories

The electrifying life of Blue Jays ace Alek Manoah
City

The electrifying life of Blue Jays ace Alek Manoah

The Guru of Mount Nemo: Inside a Burlington commune gone wrong
Deep Dives

The Guru of Mount Nemo: Inside a Burlington commune gone wrong

After 10 rounds of fertility treatment and four miscarriages, we became parents in the last way we expected
Life

After 10 rounds of fertility treatment and four miscarriages, we became parents in the last way we expected

<em>Star</em> Wars: Inside the vicious battle for control of the country&#8217;s largest newspaper
City

Star Wars: Inside the vicious battle for control of the country’s largest newspaper

After my husband tried to kill me, I was forced to flee Kenya. Eight years later, I&#8217;m still fighting for justice
Memoir

After my husband tried to kill me, I was forced to flee Kenya. Eight years later, I’m still fighting for justice

Untold stories from the early years of Second City, the group that changed comedy
Culture

Untold stories from the early years of Second City, the group that changed comedy