/
1x
Advertisement
Proudly Canadian, obsessively Toronto. Subscribe to Toronto Life!
Real Estate News

Sale of the Week: The $1.5-million Little Italy home that shows the utility of a teaser price

By Jonathan Forani| Photography by Birdhouse Media
Copy link
Sale of the Week: The $1.5-million Little Italy home that shows the utility of a teaser price

Address: 9 Mansfield Avenue
Neighbourhood: Little Italy Agent: Alex Brott, Sage Real Estate Limited, Brokerage Previously sold for: $855,000, in 2013, prior to renovations

Listed At: $1,099,000 Sold For: $1,500,000

The property

A three-bedroom townhouse at the end of a row in Little Italy.

The history

The sellers, a Canadian and an Australian, bought the home in 2013 and made a number of renovations over the years, including major basement upgrades. They slowly started moving their lives to Australia while renting the home out on Airbnb whenever they were away. Now they’re living in Australia full time. They managed the sale of their home via email.

The transom window in the entry has some nice stained glass:

Advertisement
Sale of the Week: The $1.5-million Little Italy home that shows the utility of a teaser price

Here’s the living room:

Sale of the Week: The $1.5-million Little Italy home that shows the utility of a teaser price

The dining room, with lots of wainscotting:

Sale of the Week: The $1.5-million Little Italy home that shows the utility of a teaser price

Here’s the kitchen:

Sale of the Week: The $1.5-million Little Italy home that shows the utility of a teaser price

And there’s a mudroom at the back of the house:

Sale of the Week: The $1.5-million Little Italy home that shows the utility of a teaser price

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

Advertisement
Sale of the Week: The $1.5-million Little Italy home that shows the utility of a teaser price

And another:

Sale of the Week: The $1.5-million Little Italy home that shows the utility of a teaser price

They all share this bathroom:

Sale of the Week: The $1.5-million Little Italy home that shows the utility of a teaser price

And here’s the master bedroom:

Sale of the Week: The $1.5-million Little Italy home that shows the utility of a teaser price

The basement has had some upgrades:

Sale of the Week: The $1.5-million Little Italy home that shows the utility of a teaser price

And here’s the backyard:

Advertisement
Sale of the Week: The $1.5-million Little Italy home that shows the utility of a teaser price
The fate

The buyers are a young couple who know the neighbourhood well. They visited the open house and returned with their agent and their whole family before putting in an offer.

The sale

The sellers underpriced the home to attract more potential buyers during a bout of bad weather. The strategy seems to have worked: there were seven offers, the two highest of which were identical. The sellers sent both those offers back and ended up unloading the place for $401,000 over asking.

By the numbers

• $1,500,000 • $5,564 in taxes (approximately) • 2,285 square feet (including the basement) • 6 days on MLS • 3 bedrooms • 2 bathrooms • 1 garage

NEVER MISS A TORONTO LIFE STORY

Sign up for This City, our free newsletter about everything that matters right now in Toronto politics, sports, business, culture, society and more.

By signing up, you agree to our terms of use and privacy policy.
You may unsubscribe at any time.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Advertisement
Advertisement

More Sales of the Week

A Toronto family wanted to ditch the city. So they bought this $2.7m home in Thornbury
Real Estate News

A Toronto family wanted to ditch the city. So they bought this $2.7m home in Thornbury

Inside the Latest Issue

The May issue of Toronto Life features the artists, professors, scientists and other luminaries moving north to avoid the carnage of Trump. Plus, our obsessive coverage of everything that matters now in the city.