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Real Estate

Sale of the Week: The $1.6-million Weston home that shows the effects of this summer’s market slump

By Kelly Reid| Photography by My Virtual Listings
Sale of the Week: The $1.6-million Weston home that shows the effects of this summer's market slump
Listed At
$1,699,900
Sold For
$1,584,000

Address: 84 Wendell Avenue
Neighbourhood: Weston Agents: Sam Valentini and Paula Carrascalao, Re/Max Premier Inc., Brokerage Previously sold for: $435,000, in 2012, prior to a rebuild      

The property

A hobbyist’s dream home, located between the 400 and the Humber River.

The history

The seller, who works as a site supervisor for a residential builder, built this house from the ground up four years ago, complete with a double-height detached garage for his hobby: working on old cars. But when there were health issues in the family, he and his wife decided to downsize to a bungalow.

Here’s the living area:

Sale of the Week: The $1.6-million Weston home that shows the effects of this summer's market slump

The dining area:

Sale of the Week: The $1.6-million Weston home that shows the effects of this summer's market slump

And the kitchen:

Sale of the Week: The $1.6-million Weston home that shows the effects of this summer's market slump

There are four bedrooms on the second floor. The master bedroom has a Juliet balcony:

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Sale of the Week: The $1.6-million Weston home that shows the effects of this summer's market slump

The master bedroom’s ensuite bathroom:

Sale of the Week: The $1.6-million Weston home that shows the effects of this summer's market slump

The basement is finished, and there’s a fifth bedroom down here:

Sale of the Week: The $1.6-million Weston home that shows the effects of this summer's market slump

The seller built a giant detached garage to serve as his workshop:

Sale of the Week: The $1.6-million Weston home that shows the effects of this summer's market slump

Here’s what it looks like inside:

Sale of the Week: The $1.6-million Weston home that shows the effects of this summer's market slump
The fate

The buyers are a family who liked the fact that the house won’t require much work. The ample parking and storage was a bonus. They took possession on July 31.

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The sale

The house was listed for sale just after the foreign buyers’ tax was announced, which deterred bidders. After 24 days, there was just one offer, for $115,000 under asking. It wasn’t ideal, but the seller decided to accept. He had snagged his new bungalow for under $900,000, so he still came out ahead.

By the numbers

• $1,584,000 • $6,597.66 in taxes (2017) • 3,200 square feet above ground • 1,500-square-foot basement • 24 days on MLS • 10 parking spaces • 5 bathrooms • 4 bedrooms

The Hunt

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