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Real Estate

Sale of the Week: $4.2 million for a York Mills home with a blacked-out movie theatre

By Jonathan Forani| Photography by ICONICA
Sale of the Week: $4.2 million for a York Mills home with a blacked-out movie theatre
Listed At
$4,295,000
Sold For
$4,200,000

Address: 179 Old Yonge Street
Neighbourhood: York Mills Agent: Stephen Sun, RE/MAX Realtron Realty Inc., Brokerage Previously sold for: $3,590,000, in 2016

The property

At nearly 6,000 square feet across five split floors, with five bedrooms and eight bathrooms, this modern home is perfect for big families. The sauna, home theatre and sprawling backyard provide the potential for oodles of fun, too. It’s located on a corner lot near York Mills station.

The history

In 2012, the property sold for $1,750,000, when it was a modest home with a large rooftop deck. The buyers tore it down and built a modern split-level home with floating stairs, heated floors, a 10-foot ceiling and a basement sauna, then put it on the market for roughly $3.8 million. It took nearly a year to sell, but eventually went for $200,000 under asking. The new owners added a soundproofed home theatre in the basement, lived in it for a few years, then put it on the market for just under $4.3 million.

Here’s the 10-foot-wide front foyer:

Sale of the Week: $4.2 million for a York Mills home with a blacked-out movie theatre

A look at the dining area, which has a nice view of the backyard through those floor-to-ceiling windows:

Sale of the Week: $4.2 million for a York Mills home with a blacked-out movie theatre

Those patio doors slide away to eliminate the barrier between the living room and backyard:

Sale of the Week: $4.2 million for a York Mills home with a blacked-out movie theatre

Here’s the kitchen, which has sleek white countertops:

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Sale of the Week: $4.2 million for a York Mills home with a blacked-out movie theatre

This bedroom is pretty in pink:

Sale of the Week: $4.2 million for a York Mills home with a blacked-out movie theatre

Here’s another bedroom. Throughout the house, the interior flooring is made from imported white oak:

Sale of the Week: $4.2 million for a York Mills home with a blacked-out movie theatre

This bedroom has an ensuite bathroom:

Sale of the Week: $4.2 million for a York Mills home with a blacked-out movie theatre

The master bedroom, with its double-sided fireplace:

Sale of the Week: $4.2 million for a York Mills home with a blacked-out movie theatre

Check out the master bathroom, where there’s a steam shower and walk-out balcony:

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Sale of the Week: $4.2 million for a York Mills home with a blacked-out movie theatre

The master walk-in closet is spacious:

Sale of the Week: $4.2 million for a York Mills home with a blacked-out movie theatre

A couple of floors below, the family room:

Sale of the Week: $4.2 million for a York Mills home with a blacked-out movie theatre

The foyer in the basement is an unexpected place to play piano, but maybe the acoustics are good:

Sale of the Week: $4.2 million for a York Mills home with a blacked-out movie theatre

The home theatre is equipped with 4K projection and Dolby surround sound. All you need to bring is the popcorn:

Sale of the Week: $4.2 million for a York Mills home with a blacked-out movie theatre

This backyard provides plenty of room to run:

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Sale of the Week: $4.2 million for a York Mills home with a blacked-out movie theatre

Here’s a look at the sliding floor-to-ceiling windows in the living/dining room:

Sale of the Week: $4.2 million for a York Mills home with a blacked-out movie theatre
The fate

The buyers, an entrepreneurial family who work in tech, were looking to upsize. They fell in love with the split-level design, which will allow their kids to have their own half-floor while the parents enjoy the privacy of the master suite upstairs. The corner lot also gives them ample outdoor entertainment space, since the fenced-in yard wraps around all four corners of the home.

The sale

This place is unusual compared to the other homes in the neighbourhood, which are mostly big and old. The sellers’ agent decided on a healthy listing price, setting it at nearly $4.3 million—among the highest in the neighbourhood in recent years. About 200 people attended open houses. There were a few interested parties, but one acted relatively quickly, putting down the offer on paper and closing the deal in less than a week. The sellers accepted the bid for $95,000 under asking.

By the numbers

• $4,200,000 • $18,000 in taxes (approximately) • 5,800 square feet (including basement) • 6 days on MLS • 8 bathrooms • 5 bedrooms • 4 parking spaces

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