Sale of the Week: the $1.4-million Birchcliff home that shows the selling power of a lakefront retreat

By Nicholas Mizera | August 31, 2015

By Nicholas Mizera | 08/31/2015

The house at 7 Kingsbury Crescent

Address: 7 Kingsbury Crescent
Neighbourhood: Birchcliff
Agent: Ken Digalakis, Re/Max All-Stars Realty Inc., Brokerage

The property: This Birchcliff home has a smattering of rear-facing picture windows and a balcony with unobstructed views of Lake Ontario. The interior has some retro touches, like wood panelling in the kitchen, while a sunken great room, beamed ceilings and a pair of fireplaces give the place a cottagey feel. The Toronto Hunt country club is a 15-minute walk away.

The history: The sellers moved into the late-60s-era home about 13 years ago, hoping to escape the city’s bustle. Aside from tending to the lush pond and perennial garden out back, they didn’t make any major improvements as far as the selling agent knows.

The fate: Foreign buyers involved in the movie industry bought up the property. Like many others seeking lakeshore homes in the area, they appreciated the natural surroundings and the relatively easy commute to the city.

The sale: The buyers were drawn to the Toronto Hunt area’s close-knit community. There were no other bidders, so both parties met for a round of relaxed in-person negotiations and settled on an unconditional offer of $1,400,800.

By the numbers:

• $1,400,800
• 2,200 square feet, approximately
• 94 per cent of list price
• 7 days on the market
• 3 bedrooms
• 3 parking spaces
• 2 bathrooms
• 0.5 acres, approximately

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