Sale of the Week: the $901,000 Blake-Jones semi that proves buyers will pay for community
Address: 89 Ravina Crescent
Neighbourhood: Blake-Jones
Agent: Brandon Buller , Coldwell Banker Burnhill Realty, Brokerage
The Property: A two-storey semi located in a tiny micro-neighbourhood of artists and young professionals affectionately known as “the Pocket.” An open-concept kitchen spans the back of the building, complete with a mosaic-tile backsplash and floor-to-ceiling cabinets. The master bedroom has a balcony of its own, with a view to the real draw: the community below. Despite its small size, the Pocket has a well-organized and active community association. It doubles as a sort of social club that coordinates everything from park-revitalization efforts to fireworks displays, like the upcoming Victoria Day festivities in Phin Avenue Parkette.
The History: The sellers of this century-old home lived there for about seven years before putting it on the market so they could relocate closer to family in Burlington. They completely renovated the property in 2007, opening up the main-floor dining room and kitchen, but keeping the original plaster wainscotting.
The Fate: Even before Toronto Life identified Blake-Jones as a great place to buy , homes in the Pocket had been inching toward the million-dollar mark. The buyers—a professional couple with young children—are part of this shift in the local demographic. They were especially fond of the local school districts, which include Jackman Avenue Junior Public School and its early French-immersion program. They may also come to appreciate the easy commute downtown and the two-car garage.
The Sale: The sellers set an under-average listing price, taking into account the pent-up demand for homes because of this year’s late spring. Two open houses attracted roughly 100 visitors. The sellers received 12 serious offers after seven days on the market. The agent believes that holding true to a specific offer day and turning down early bids helped push the selling price to $202,200 over asking. To the agent’s knowledge, 89 Ravina’s is one of the highest-value sales on the street.
By the Numbers:
• $901,000
• $3,896 in taxes (2013)
• 129 per cent of list price
• 12 offers
• 7 days on market
• 4+1 bedrooms
• 2 bathrooms
• 2-car garage
• 2 nearby TTC stations
• 1 basement nanny suite
273770 The exterior of the house. (It's the one to the left) Sale of the Week: 89 Ravina Crescent Sale of the Week: 89 Ravina Crescent https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-01-96x96.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-01.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-01.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-89-ravina-crescent/slide/toronto-sale-of-the-week-89-ravina-crescent-01/ toronto-sale-of-the-week-89-ravina-crescent-01 0 0
273771 The entranceway Sale of the Week: 89 Ravina Crescent Sale of the Week: 89 Ravina Crescent https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-02-96x96.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-02.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-02.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-89-ravina-crescent/slide/toronto-sale-of-the-week-89-ravina-crescent-02/ toronto-sale-of-the-week-89-ravina-crescent-02 0 0
273772 The den, at the front of the house Sale of the Week: 89 Ravina Crescent Sale of the Week: 89 Ravina Crescent https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-03-96x96.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-03.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-03.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-89-ravina-crescent/slide/toronto-sale-of-the-week-89-ravina-crescent-03/ toronto-sale-of-the-week-89-ravina-crescent-03 0 0
273773 The previous owners renovated the house to create this open-concept dining/kitchen area Sale of the Week: 89 Ravina Crescent Sale of the Week: 89 Ravina Crescent https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-04-96x96.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-04.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-04.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-89-ravina-crescent/slide/toronto-sale-of-the-week-89-ravina-crescent-04/ toronto-sale-of-the-week-89-ravina-crescent-04 0 0
273774 A closer look at the kitchen Sale of the Week: 89 Ravina Crescent Sale of the Week: 89 Ravina Crescent https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-05-96x96.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-05.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-05.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-89-ravina-crescent/slide/toronto-sale-of-the-week-89-ravina-crescent-05/ toronto-sale-of-the-week-89-ravina-crescent-05 0 0
273775 There are four bedrooms on the second floor of the house Sale of the Week: 89 Ravina Crescent Sale of the Week: 89 Ravina Crescent https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-06-96x96.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-06.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-06.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-89-ravina-crescent/slide/toronto-sale-of-the-week-89-ravina-crescent-06/ toronto-sale-of-the-week-89-ravina-crescent-06 0 0
273776 The second-floor hallway Sale of the Week: 89 Ravina Crescent Sale of the Week: 89 Ravina Crescent https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-07-96x96.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-07.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-07.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-89-ravina-crescent/slide/toronto-sale-of-the-week-89-ravina-crescent-07/ toronto-sale-of-the-week-89-ravina-crescent-07 0 0
273777 Here's one second-floor bedroom Sale of the Week: 89 Ravina Crescent Sale of the Week: 89 Ravina Crescent https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-08-96x96.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-08.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-08.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-89-ravina-crescent/slide/toronto-sale-of-the-week-89-ravina-crescent-08/ toronto-sale-of-the-week-89-ravina-crescent-08 0 0
273778 And another bedroom Sale of the Week: 89 Ravina Crescent Sale of the Week: 89 Ravina Crescent https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-09-96x96.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-09.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-09.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-89-ravina-crescent/slide/toronto-sale-of-the-week-89-ravina-crescent-09/ toronto-sale-of-the-week-89-ravina-crescent-09 0 0
273779 And another bedroom Sale of the Week: 89 Ravina Crescent Sale of the Week: 89 Ravina Crescent https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-10-96x96.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-10.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-10.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-89-ravina-crescent/slide/toronto-sale-of-the-week-89-ravina-crescent-10/ toronto-sale-of-the-week-89-ravina-crescent-10 0 0
273780 The second-floor washroom Sale of the Week: 89 Ravina Crescent Sale of the Week: 89 Ravina Crescent https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-11-96x96.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-11.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-11.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-89-ravina-crescent/slide/toronto-sale-of-the-week-89-ravina-crescent-11/ toronto-sale-of-the-week-89-ravina-crescent-11 0 0
273781 And here's the master bedroom. The door leads to a balcony Sale of the Week: 89 Ravina Crescent Sale of the Week: 89 Ravina Crescent https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-12-96x96.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-12.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-12.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-89-ravina-crescent/slide/toronto-sale-of-the-week-89-ravina-crescent-12/ toronto-sale-of-the-week-89-ravina-crescent-12 0 0
273782 The master bedroom has some built-in storage Sale of the Week: 89 Ravina Crescent Sale of the Week: 89 Ravina Crescent https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-13-96x96.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-13.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-13.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-89-ravina-crescent/slide/toronto-sale-of-the-week-89-ravina-crescent-13/ toronto-sale-of-the-week-89-ravina-crescent-13 0 0
273783 And here's a view of the patio, a recent addition Sale of the Week: 89 Ravina Crescent Sale of the Week: 89 Ravina Crescent https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-14-96x96.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-14.jpg https://torontolife.com/wp-content/uploads/2014/05/toronto-sale-of-the-week-89-ravina-crescent-14.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-89-ravina-crescent/slide/toronto-sale-of-the-week-89-ravina-crescent-14/ toronto-sale-of-the-week-89-ravina-crescent-14 0 0
WAYYYYYYYY OVERPRICED!!!!!!!!
ANOTHER EXAMPLE OF KOOKOOISM IN TORONTO!!!
Toronto buyers are seriously brain dead…. This house would go for mid 300’s, maybe low 400’s in a surrounding area…. you know what I’d do with almosta million dollars?? Use half of it on a house that I could live in FOREVER, and put the rest in a savings account…. nothing short of winning the lottery (and even then, not likely) would make me spent 129% of list price. This bidding war crap has got to end…
This house would not go for mid 300’s, maybe low 400’s in a surrounding area. Owning a house in the city is not for everyone, but if you want the big city life, with all its convenience, you have to pay the big bucks for it. Fact of life.