115 Auckland Dr., Whitby, Ont.
Asking price: $1,659,000 (May, 2024)
Previous asking prices: $1,689,000 (March, 2024); $1,699,000 (February, 2024); $1,799,000 (September, 2023)
Selling price: $1,625,000 (May, 2024)
Previous selling price: $950,607 (October, 2020)
Taxes: $9,883 (2023)
Property days on market: 111
Listing agent: Scott Hanton, Hanton Real Estate Inc.
The action
This four-bedroom house has a stylish interior design and a lush setting on a ravine in a subdivision 60 kilometres east of Toronto. Despite those attributes, it had only four visitors over three weeks while listed for sale priced at $1,799,000 last fall.
“We were really the best house in the area on all fronts, but it all came down to money, and what most buyers could afford,” said agent Scott Hanton.
It was decided to take the house off the market and have it restaged. It was relisted in February priced at $1.699-million leading to four offers, but all were rejected as inadequate. Another price drop in May, this time to $1.659-million, finally led to a deal at $1.625-million.
“As hoped, many more buyers were indeed out in early 2024, and we saw 41 showings during this time and four unsuccessful offers,” said Mr. Hanton.
What they got
This two-storey house has more than 3,000 square feet of living space. The bedrooms have nine-foot ceilings and custom woodwork includes wainscotting in the dining room. The eat-in kitchen has an island and sliding doors to a deck and 40- by 102-foot grounds.
The family rooms on the main and lower levels both have gas fireplaces. The patio can be accessed directly from both levels.
There are four bathrooms and a laundry room with direct access to the double garage.
The agent’s take
“There were about $75,000 to $80,000 in upgrades,” said Mr. Hanton.
“And I can’t stress enough the importance of its ravine lot in a subdivision like this, where you’re just looking at houses everywhere. To look at nothing but nature from your windows, there’s an intangible value to that.”