/
1x
Advertisement
Proudly Canadian, obsessively Toronto. Subscribe to Toronto Life!
Real Estate News

Sale of the Week: the $1.2-million Bedford Park teardown

By Nicholas Mizera
Copy link
Sale of the Week: the $1.2-million Bedford Park teardown

Address: 369 St. Germain Avenue
Neighbourhood: Bedford Park Agent: Andre Kutyan and Robert Greenberg, Harvey Kalles Real Estate Ltd., Brokerage

The Property: This well-maintained Bedford Park home is on a lot about 40 feet deeper than the area average, making it perfect for major renovations or new construction.

The History: The seller, a 94-year-old woman, bought the home in 1964 for about $18,000. Nothing much has changed since the place was originally built in 1922. Along with original leaded-glass windows and wood floors, the home still has knob-and-tube wiring and a cast iron boiler in the basement.

The Fate: The buyers are a family with kids. They plan to tear 369 St. Germain down and build a larger home in its place. Like many older Bedford Park residences, the actual structure’s value was eclipsed by the value of the land it sits on.

The Sale: When the seller began receiving unsolicited million-dollar offers, she decided to consult with an agent. He listed low, hoping Bedford Park’s shortage of buildable properties would spark a bidding war. The tactic earned the home 21 offers in six days. The sale set a local record for a teardown of its size when it closed for $1,208,000, surpassing expectations.

By the Numbers:

• $1,208,000 • 135 per cent of list price • 93 years old • 25-by-150-foot lot • 21 offers • 6 days on the market • 3 bedrooms • 1 bathroom • 1-car detached garage

Sale of the Week: the $1.2-million Bedford Park teardown
Sale of the Week: the $1.2-million Bedford Park teardown
Sale of the Week: the $1.2-million Bedford Park teardown
Sale of the Week: the $1.2-million Bedford Park teardown
Sale of the Week: the $1.2-million Bedford Park teardown
Sale of the Week: the $1.2-million Bedford Park teardown
Sale of the Week: the $1.2-million Bedford Park teardown
Sale of the Week: the $1.2-million Bedford Park teardown
Sale of the Week: the $1.2-million Bedford Park teardown
Sale of the Week: the $1.2-million Bedford Park teardown

NEVER MISS A TORONTO LIFE STORY

Sign up for This City, our free newsletter about everything that matters right now in Toronto politics, sports, business, culture, society and more.

By signing up, you agree to our terms of use and privacy policy.
You may unsubscribe at any time.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Advertisement
Advertisement

Big Stories

Inside the rise and fall of the Vaulter Bandit, the 21st century’s most notorious bank robber
Deep Dives

Inside the rise and fall of the Vaulter Bandit, the 21st century’s most notorious bank robber

Inside the Latest Issue

The June issue of Toronto Life features our annual ranking of the best new restaurants. Plus, our obsessive coverage of everything that matters now in the city.