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Real Estate News

Sale of the Week: The $1.45-million Parkdale Victorian that shows what a difference a few months can make

By Kelly Reid| Photography by Birdhouse Media
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The house that sold at 50 Gwynne Avenue
Listed At
$1,449,000
Sold For
$1,449,000

Address: 50 Gwynne Avenue
Neighbourhood: Parkdale Agents: Kathy Essery and Pavlena Brown, Sage Real Estate Ltd., Brokerage Previously sold for: $812,500, in 2012      

The property

A renovated Victorian that proves timing is everything.

The history

The sellers shopped for a year before purchasing this 120-year-old home. The husband owns a construction business, so they finished the basement themselves. Now that their kids are growing, they’re looking to move to a neighbourhood they feel is more family-oriented.

The living area occupies a bit of space by the entryway:

Sale of the Week: The $1.45-million Parkdale Victorian that shows what a difference a few months can make

There’s room for a dining table:

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Sale of the Week: The $1.45-million Parkdale Victorian that shows what a difference a few months can make

And here’s the kitchen, with a door to the sunroom at the back of the house:

Sale of the Week: The $1.45-million Parkdale Victorian that shows what a difference a few months can make

The sunroom has some built-in bench seating:

Sale of the Week: The $1.45-million Parkdale Victorian that shows what a difference a few months can make

There are two bedrooms on the second floor. Here’s one of them:

Sale of the Week: The $1.45-million Parkdale Victorian that shows what a difference a few months can make

And here’s the master bedroom, which has a door to its own balcony (plus some stained glass):

Sale of the Week: The $1.45-million Parkdale Victorian that shows what a difference a few months can make

The two second-floor bedrooms share this bathroom:

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Sale of the Week: The $1.45-million Parkdale Victorian that shows what a difference a few months can make

There’s a family room on the third floor:

Sale of the Week: The $1.45-million Parkdale Victorian that shows what a difference a few months can make

And also another bedroom:

Sale of the Week: The $1.45-million Parkdale Victorian that shows what a difference a few months can make

The finished basement has a bit of whitewashed brick:

Sale of the Week: The $1.45-million Parkdale Victorian that shows what a difference a few months can make

And there’s a fourth bedroom down here:

Sale of the Week: The $1.45-million Parkdale Victorian that shows what a difference a few months can make

Artificial turf never needs mowing:

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Sale of the Week: The $1.45-million Parkdale Victorian that shows what a difference a few months can make
The fate

The buyers are a family who are upsizing from a condo. Days after they made the buy, their second child was born.

The sale

The property was originally listed in June at $1,565,000, but then home prices began to fall. There were many showings but no bites, so the agents pulled the listing, waited out the summer, and relisted at $1,449,000 in September. The lower price, plus a heavy marketing push on social media, drew two offers. The sellers accepted the higher of the two, at their asking price.

By the numbers

• $1,449,000 • $5,264.78 in taxes (2016) • 1,937 square feet • 711-square-foot lower level • 13 days on MLS • 4 bedrooms • 3 bathrooms

The Hunt

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