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Real Estate

Sale of the Week: The $1-million Scarborough house that proves not every property sells on the first try

By Kelly Reid| Photography by Matt Vatcher
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The house that sold at 46 Monastery Lane
Listed At
$989,900
Sold For
$1,010,000

Address: 46 Monastery Lane
Neighbourhood: Clairlea-Birchmount Agent: Joe Cicciarella, Real Estate Homeward, Brokerage Previously sold for: $297,568, in 2000      

The property

A Scarborough home that shows the importance of the right offer timetable.

Here’s the living room:

Sale of the Week: The $1-million Scarborough house that proves not every property sells on the first try

The family room, looking very pink:

Sale of the Week: The $1-million Scarborough house that proves not every property sells on the first try

The kitchen:

Sale of the Week: The $1-million Scarborough house that proves not every property sells on the first try

And the breakfast area, with a view of the backyard:

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Sale of the Week: The $1-million Scarborough house that proves not every property sells on the first try

There are four bedrooms on the second floor. This one is set up as an office:

Sale of the Week: The $1-million Scarborough house that proves not every property sells on the first try

Another bedroom:

Sale of the Week: The $1-million Scarborough house that proves not every property sells on the first try

In house full of daring colour schemes, this one stands out:

Sale of the Week: The $1-million Scarborough house that proves not every property sells on the first try

And here’s the master bedroom:

Sale of the Week: The $1-million Scarborough house that proves not every property sells on the first try

And the master ensuite:

Sale of the Week: The $1-million Scarborough house that proves not every property sells on the first try

The basement has new laminate flooring:

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Sale of the Week: The $1-million Scarborough house that proves not every property sells on the first try

The back deck:

Sale of the Week: The $1-million Scarborough house that proves not every property sells on the first try

With a spiral staircase down to ground level:

Sale of the Week: The $1-million Scarborough house that proves not every property sells on the first try
The history

The sellers bought the house after it was built in 2000, and they’ve made some upgrades over the past two years. The roof is brand new, and the basement now has a kitchen:

Sale of the Week: The $1-million Scarborough house that proves not every property sells on the first try
The fate

The buyers are moving from outside Ontario, so their priorities were transit and schools, both of which this neighbourhood has in spades. The sliding door entrance to the basement suite means it could be rented out—but for now it will be owner-occupied.

The sale

At first, the house was listed at $989,900, with offers held back for seven days. When nothing came in, the sellers relisted at $1,039,900, with offers accepted any time. After two weeks with no hits, they relisted again at $989,900—again with offers accepted any time. This turned out to be the winning combination. There were two offers that were somewhat close. They accepted the higher one.

By the numbers

• $1,010,000 • $3,756.33 in taxes (2016) • 1,982 square feet • 919-square-foot basement • 5 days on MLS • 4 bedrooms • 4 bathrooms

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The Hunt

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Correction
January 9, 2017

This article originally gave an incorrect amount for 46 Monastery Lane’s second listing price. It was $1,039,900, not $1,399,900.

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