Sale of the Week: The $2.3-million Stonegate house that proves high-end sellers sometimes need to accept below asking

Address: 29 Avon Park Drive
Neighbourhood: Stonegate Agent: Arta Dawkins, RE/MAX Professionals Inc., Brokerage Previously sold for: $800,000, in 2016, before a rebuild      

The property

A spacious new-build on a corner lot near Queensway Park.

The history

The sellers are a young family with children who bought the property in 2016, then tore down an existing house and built this one. It wasn’t intended to be a flip: they planned to live here, but their family circumstances changed. They’re hoping to build a new, larger home somewhere in the area.

Here’s the foyer:

The dining area, with glassed-in wine cellar:

And the family room (there are a lot of fireplaces in this house):

The kitchen is appropriately sleek:

There are five bedrooms. Here’s one of them:

And here’s the master bedroom:

The master bedroom has a bit of closet space:

And, of course, there’s a huge ensuite:

The basement has high ceilings:

And the backyard is roomy, too:

The fate

The buyers are a young family from the area who have always lived in condos. They fell in love with this house’s 12-foot basement ceilings and the area’s ample green space. The home also comes with some attractive upgrades—including heated floors and a pre-installed surveillance system.

The sale

The private corner lot, surrounded by parkland, was likely a decisive factor in the sale. Over two months, there were four offers. The sellers conceded to one almost $140,000 under asking.

By the numbers

• $2,260,000 • $4,000 in taxes (approximately) • 3,500 square feet • 60 days on MLS • 5 bathrooms • 5 bedrooms