Sale of the Week: the $1.9 million teardown that shows the changing character of Forest Hill
Address: 83 Dunloe Road
Neighbourhood: Forest Hill
Agent: Beth Boigon, Forest Hill Real Estate Inc., Brokerage
The Property: This two-storey centre-hall home in Forest Hill makes up for its fixer-upper status with an ample 50-by-120.25-foot lot that includes a fenced, pool-sized backyard. Inside, there are original hardwood floors, two fireplaces and a finished basement with high ceilings. The home also lies within range of various high-end amenities, including an award-winning public school district and private schools. Another nearby destination is Forest Hill Village, at Spadina and St. Clair, which is in the midst of a sea change, like much of the rest of the tony neighbourhood.
The History: Ever since being built in the 1940s, the home has been maintained by the same family. Today, “The Village” retains its original community feel, but there are modern amenities (an LCBO and a Starbucks, for instance) among long-time fixtures like the . Forest Hill Barber Shop
The Fate: Fittingly, this home was put on the market the very same day its neighbour was being torn down. 83 Dunloe will meet a similar fate, with the new owners expected to bulldoze the site and start over fresh. It’s clear the buyers don’t intend to flip the place once they’re finished rebuilding—they’ll be keeping this one for themselves. They’ll take possession in May.
The Sale: Seeing a trend, the sellers figured out early on that this home’s value would have a lot to do with the land it sits upon. They factored in the sale of the now-bulldozed house next door to set a fair asking price. The home’s location across the street from a busy school kept the list value relatively accessible by Forest Hill standards, but a shortage of buildable properties in the area helped buoy the sale once bidding started. The home attracted 12 offers, the best one putting the home $351,000 over asking.
By the Numbers:
• 123 per cent of list price
• 12 offers
• 6 days on the market
• 4 bedrooms
• 4 bathrooms
• 2 parking spaces
• 2 fireplaces
• 1-car garage
270512 The exterior of the house. The new owners plan to tear the structure down and replace it with something new Sale of the Week: 83 Dunloe Road Sale of the Week: 83 Dunloe Road https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-1-96x96.jpg https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-1.jpg https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-1.jpg 1000 667  https://torontolife.com/real-estate/sale-of-the-week-83-dunloe-road/slide/sale-of-the-week-83-dunloe-road-1/ sale-of-the-week-83-dunloe-road-1 0 0
270513 Here's the main-floor dining room Sale of the Week: 83 Dunloe Road Sale of the Week: 83 Dunloe Road https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-2-96x96.jpg https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-2.jpg https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-2.jpg 1000 667  https://torontolife.com/real-estate/sale-of-the-week-83-dunloe-road/slide/sale-of-the-week-83-dunloe-road-2/ sale-of-the-week-83-dunloe-road-2 0 0
270514 And here's the main-floor study Sale of the Week: 83 Dunloe Road Sale of the Week: 83 Dunloe Road https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-3-96x96.jpg https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-3.jpg https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-3.jpg 1000 667  https://torontolife.com/real-estate/sale-of-the-week-83-dunloe-road/slide/sale-of-the-week-83-dunloe-road-3/ sale-of-the-week-83-dunloe-road-3 0 0
270515 The kitchen looks a little dated, but the new owners are planning on starting from scratch, so it's not a worry for them Sale of the Week: 83 Dunloe Road Sale of the Week: 83 Dunloe Road https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-4-96x96.jpg https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-4.jpg https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-4.jpg 1000 667  https://torontolife.com/real-estate/sale-of-the-week-83-dunloe-road/slide/sale-of-the-week-83-dunloe-road-4/ sale-of-the-week-83-dunloe-road-4 0 0
270516 This is the living room Sale of the Week: 83 Dunloe Road Sale of the Week: 83 Dunloe Road https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-5-96x96.jpg https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-5.jpg https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-5.jpg 1000 667  https://torontolife.com/real-estate/sale-of-the-week-83-dunloe-road/slide/sale-of-the-week-83-dunloe-road-5/ sale-of-the-week-83-dunloe-road-5 0 0
270517 There are four bedrooms on the home's second floor Sale of the Week: 83 Dunloe Road Sale of the Week: 83 Dunloe Road https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-6-96x96.jpg https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-6.jpg https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-6.jpg 1000 667  https://torontolife.com/real-estate/sale-of-the-week-83-dunloe-road/slide/sale-of-the-week-83-dunloe-road-6/ sale-of-the-week-83-dunloe-road-6 0 0
270518 Here's one of the home's four bedrooms Sale of the Week: 83 Dunloe Road Sale of the Week: 83 Dunloe Road https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-7-96x96.jpg https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-7.jpg https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-7.jpg 1000 667  https://torontolife.com/real-estate/sale-of-the-week-83-dunloe-road/slide/sale-of-the-week-83-dunloe-road-7/ sale-of-the-week-83-dunloe-road-7 0 0
270519 And here's another bedroom Sale of the Week: 83 Dunloe Road Sale of the Week: 83 Dunloe Road https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-8-96x96.jpg https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-8.jpg https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-8.jpg 1000 667  https://torontolife.com/real-estate/sale-of-the-week-83-dunloe-road/slide/sale-of-the-week-83-dunloe-road-8/ sale-of-the-week-83-dunloe-road-8 0 0
270520 This is the master bedroom Sale of the Week: 83 Dunloe Road Sale of the Week: 83 Dunloe Road https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-9-96x96.jpg https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-9.jpg https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-9.jpg 1000 667  https://torontolife.com/real-estate/sale-of-the-week-83-dunloe-road/slide/sale-of-the-week-83-dunloe-road-9/ sale-of-the-week-83-dunloe-road-9 0 0
270521 The basement rec room Sale of the Week: 83 Dunloe Road Sale of the Week: 83 Dunloe Road https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-10-96x96.jpg https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-10.jpg https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-10.jpg 1000 667  https://torontolife.com/real-estate/sale-of-the-week-83-dunloe-road/slide/sale-of-the-week-83-dunloe-road-10/ sale-of-the-week-83-dunloe-road-10 0 0
270522 A view of the backyard, with plenty of space for a pool or a garden Sale of the Week: 83 Dunloe Road Sale of the Week: 83 Dunloe Road https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-11-96x96.jpg https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-11.jpg https://torontolife.com/wp-content/uploads/2014/04/sale-of-the-week-83-dunloe-road-11.jpg 1000 667  https://torontolife.com/real-estate/sale-of-the-week-83-dunloe-road/slide/sale-of-the-week-83-dunloe-road-11/ sale-of-the-week-83-dunloe-road-11 0 0
4 thoughts on “Sale of the Week: the $1.9 million teardown that shows the changing character of Forest Hill”
Toronto people are becoming stupid – it must be the drinking water or the drugs they are smoking. What idiot would buy this piece of junk for 1.9??
Okay Toronto, it’s time to stop drinking the kool-aid. $1.9 million for a house that you’re just going to tear down?!
An idiot that knows he can tear this down and build a brand new custom home that will be worth over 2.5 million. If you understood the value of real estate then you would understand why anyone would pay so much for this place.
Savings from reuse are between 4 and 46 percent over new construction when comparing buildings with the same energy performance level. By the same token, it takes between 10 and 80 years for a home that is 30 percent more energy efficient to overcome the climate-change impacts of its construction. In other words, want to do the WORST thing possible from an energy, waste and pollution standpoint? Then by all means, tear it down.
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