Sale of the Week: the $1.5-million Yonge-St. Clair home that shows the enduring value of a large, older property
The property: This home has decorative crown mouldings, leaded glass windows and high baseboards characteristic of its era. A spacious eat-in kitchen, big backyard and rec room in the basement make it suitable for larger families.
The history: Built in 1922, the home still has many of its original features (including some knob and tube wiring). It’s not a fixer-upper, though: over the years, its owners have added air conditioning and updated the kitchen, among other small improvements. The sellers are downsizing after raising their family at the address.
The fate: The buyers had rented in the area for a number of years. Because the home was well maintained, they’ll be able to move in immediately and leave the major renovations for years to come.
The sale: The property had two major selling points: its spacious interior and its proximity to excellent schools. There were several offers, and the sellers went with the best of them—but only after reassuring themselves that the buyers loved the home as much as they did.
By the numbers:
• 2,716 square feet above grade
• 1,001-square-foot basement
• 102 per cent of list price
• 93 years old
• 5 bathrooms
• 5 bedrooms
• 4 days on the market
• 2 fireplaces
• 2-car private drive
• 1-car detached garage