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Real Estate News

Sale of the Week: The $2-million Lytton Park home that proves the first offer isn’t always the best

By Kelly Reid| Photography by Westblue Media
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The house that sold at 549 Briar Hill Avenue
Listed At
$1,499,000
Sold For
$1,950,000

Address: 549 Briar Hill Avenue
Neighbourhood: Lytton Park Agent: Adam Wolman, Keller Williams Referred Realty, Brokerage      

The property

A 1930s home with a preserved interior, located a 15-minute walk north of Eglinton.

The house still has much of its original wainscotting and wood trim:

Sale of the Week: The $2-million Lytton Park home that proves the first offer isn't always the best

There’s some leaded glass in the living room:

Sale of the Week: The $2-million Lytton Park home that proves the first offer isn't always the best

Here’s the dining room, with more of that dark wood:

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Sale of the Week: The $2-million Lytton Park home that proves the first offer isn't always the best

The kitchen, with a small eating area in the rear:

Sale of the Week: The $2-million Lytton Park home that proves the first offer isn't always the best

There are three bedrooms on the second floor. This one is being used as a den:

Sale of the Week: The $2-million Lytton Park home that proves the first offer isn't always the best

Another bedroom:

Sale of the Week: The $2-million Lytton Park home that proves the first offer isn't always the best

And the master bedroom:

Sale of the Week: The $2-million Lytton Park home that proves the first offer isn't always the best

The three bedrooms share this bathroom:

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Sale of the Week: The $2-million Lytton Park home that proves the first offer isn't always the best

The basement is finished:

Sale of the Week: The $2-million Lytton Park home that proves the first offer isn't always the best

And there’s a covered porch out back:

Sale of the Week: The $2-million Lytton Park home that proves the first offer isn't always the best
The history

The sellers, who bought the place in 1986, lived there for 30 years without making major alterations. Now that they’re spending their winters in Florida and don’t need the space, they’re downsizing to a condo.

The fate

For the buyers, the fact that the house still had many of its original fittings—including its dark wainscotting—was a bonus. They’re still deciding whether they want to live in the house themselves or rent it out.

The sale

The agent decided to price the place slightly under market value to generate interest. There was an offer on the first day, but the sellers decided not to accept. After four days, there were six offers, which led to the hoped-for bidding war. The winning bid was for $450,000 over the asking price.

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By the numbers

• $1,950,000 • $6,786.00 in taxes (2016) • 1,800 square feet • 4 days on MLS • 3 bedrooms • 2 bathrooms

The Hunt

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