457 Elm Rd., Toronto
Asking price: $2,799,000 (October, 2023)
Selling price: $2,751,000 (November, 2023)
Previous selling price: $1.68-million (January, 2015); $1.3-million (January, 2007)
Taxes: $13,592 (2023)
Days on the market: 22
Listing agents: Andre Kutyan and Robert Greenberg, Harvey Kalles Real Estate Ltd.
The action
This four-bedroom house south of the Toronto Cricket Skating and Curling Club was priced below the local norm largely on account of its location on a busy residential street. The sellers rejected a first offer that factored in a heavy discount. When that same buyer came back with an improved offer a few weeks later, they were again rejected as by this time a new buyer had made an offer closer to the asking price.
“Unfortunately for the first buyer, the second offer was stronger than the first one, and it was a firm deal,” said agent Andre Kutyan.
What they got
This two-storey home was built in 2007 and has 2,774 square feet of living space, plus a double garage accessed through the basement.
The living and dining rooms have 10-foot ceilings. There are also family rooms with gas fireplaces on the main and lower levels.
The eat-in kitchen has a long island, stainless-steel appliances and an exit to the backyard.
Upstairs, the primary bedroom has vaulted ceilings, a walk-in closet and the largest of the home’s four bathrooms.
The agent’s take
“It’s in a good school district and good proximity to amenities within walking distance,” said Mr. Kutyan.
“We’re on a 30-foot lot with a built-in, two-car garage and almost 2,800 square feet, whereas a lot of these homes we’re competing with were on 25-foot lots with single garages and were significantly smaller in terms of square footage, so there’s a lot of value in a house like this.”