Sale of the Week: a $2.8-million Bayview Village new-build that appeals to a younger generation
Sale of the Week: a $2.8-million Bayview Village new-build that appeals to a younger generation
Address: 50 Canary Crescent
Neighbourhood: Bayview Village
Agent: Arash Vakili, Right At Home Realty Inc., Brokerage
The property: This newly built custom home boasts details like eight-inch-wide walnut plank floors on both levels, underlit gemstone countertops in the kitchen and iPad-controlled smart home features. Its Bayview Village location affords easy access to the 401 without the traffic found in equally tony neighbourhoods to the south.
The history: The home, completed last December, replaced one of the area’s ubiquitous 1950s-era bungalows. The sellers built the place for themselves, but then decided to downsize to a smaller pad.
The fate: A noticeably younger set is taking over the neighbourhood as its older, professional demographic sells off to cash in on ballooning lot values. Developers have been quick to take advantage of the trend by building ritzy contemporary homes designed to woo those with more youthful sensibilities (not unlike the college-aged buyers who snapped up 50 Canary).
The sale: The sellers bought the lot in 2013 for just over $1 million, a far cry from the $1.5 million that the area’s bungalows can fetch now. They first listed the home for just over $3 million in order to test the market, then relisted it for $2,954,999. The decrease, coupled with international marketing, did the trick: they received five offers, and chose the one that allowed them to move out the soonest.
By the numbers:
• $2,830,000
• 4,000 square feet above grade, approximately
• 96 per cent of list price
• 15 days on the market
• 7 months old
• 6 bathrooms
• 5 offers
• 4+1 bedrooms
• 2-car attached garage
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- A 1950's bungalow used to sit on this lot.
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- Here's the foyer.
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- Which leads into the family room (where you'll find the first of many fireplaces).
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- This bathroom (one of six) has an interesting geode-themed countertop.
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- Moving along to the kitchen where the fridge and freezer are two separate entities, the counter is Caesarstone and there's a built-in espresso maker.
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- The dining room is just off of the kitchen.
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- And so is the living room.
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- This den would make for a nice home office.
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- Here's another one of the six bathrooms.
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- The master bedroom has an electric fireplace.
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- And some pretty sweet recessed lighting.
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- Soaker tub + electric fireplace = a midwinter night's dream
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- The master bedroom also boasts an impressive walk-in closet with custom-built shelving.
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- A balcony off the master bedroom looks over the backyard.
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- Even the basement rec room gets a fireplace (and a wet bar).
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- The house might be big, but there's still a whole lotta yard out back.
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- That driveway and attached two-car garage are the stuff of downtown-dwellers' dreams.
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The sale: The sellers bought the lot in 2013 for just over $1 million, a far cry from the $1.5 million that the area's bungalows can fetch now. They first listed the home for just over $3 million in order to test the market, then relisted it for $2,954,999. The decrease, coupled with international marketing, did the trick: they received five offers, and chose the one that allowed them to move out the soonest.
By the numbers:
• $2,830,000
• 4,000 square feet above grade, approximately
• 96 per cent of list price
• 15 days on the market
• 7 months old
• 6 bathrooms
• 5 offers
• 4+1 bedrooms
• 2-car attached garage
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6 bathrooms!!!! Come on?!? Otherwise, as an oldie, like it.
The writer would have us believe that developers are wooing the market of “College-aged buyers” seeking $3 million dollar homes? Surely that’s not an actual demographic?