Sale of the Week: the $2.2-million townhouse with a connection to Canadian publishing history
Address: 7A Austin Terrace
Neighbourhood: Casa Loma
Agent: Elise Kalles, Corinne Kalles and Caroline Bokar, Harvey Kalles Real Estate Ltd., Brokerage
The Property: This renovated townhouse across the street from Casa Loma has an open-concept interior with modern finishes, dumbwaiters between the kitchen and the basement, and a wine cellar. The only aspect of the original neo-Georgian design that remains is the facade.
The History: Once home to Canadian editor and Maclean’s founder John B. Maclean, the Maclean House was restored and converted into three townhouses, including this one, by Renaissance Fine Homes. The historic structure was originally designed in 1910 by John Lyle, the architect responsible for Union Station and the Royal Alexandra Theatre. In 2009, the property was spared from a different developer’s wrecking ball when neighbours banded together to save it. They eventually succeeded in winning it heritage designation.
The Fate: There was no interest from couples with youngsters—but single professionals, families with older teens and downsizing empty nesters were drawn to the neighbourhood’s central location and historic prestige.
The Sale: The property was listed in fall 2014, after the renovation had been completed. Despite plenty of marketing, there weren’t many suitors until spring—usually a busy time for real estate sales. The home sold after 211 days.
By the Numbers:
• $2,200,000 • 2,910 square feet above grade • 795-square-foot basement • 211 days on the market • 105 years old • 96 per cent of list price • 5 bathrooms • 4 bedrooms • 2-car underground garage parking
