78 Lowther Ave., No. 2, Toronto
Asking price: $2,279,000 (September, 2024)
Previous asking price: $2,368,000 (July, 2024)
Selling price: $2,195,000 (September, 2024)
Previous selling price: $2.15-million (July, 2023)
Taxes: $11,165 (2024)
Property days on market: 57
Listing agents: Nigel Denham and Penny Brown, Sotheby’s International Realty Canada
The main floor is open-concept with a dining area between the living room and kitchen.
The action
This three-storey unit in a refurbished coach house was tentatively sold this summer, but the deal dissolved when a scan of the status certificate revealed that an owner was limited to having one dog.
“It was a one-dog, two-cat policy, which is not uncommon in condos,” said agent Nigel Denham.
“The buyer had two dogs, so we had to kill the deal, to everyone’s disappointment.”
After Labour Day, the price was reduced to $2,279,000 and within weeks, a new deal was agreed, though one $84,000 under the revised asking price.
“We were expecting to sell in a pretty efficient amount of time because it carries a Lowther address, which is one of the better addresses in Yorkville,” said Mr. Denham. “And it’s a great and highly walkable location.
“It’s also a charming property that’s hard to replicate. It has the perfect hybrid of worry-free condo living with condominium elements to it.”
There are three bedrooms with balconies and ensuite bathrooms.
What they got
This heritage-designed property was converted in the 1980s into three townhouse-style units.
This unit, called the “East House” has 2,277 square feet of living space, including three bedrooms with balconies and ensuite bathrooms, plus a recreation area in the basement.
The main floor is open-concept with a dining area between the living room and kitchen. The dining room has a fireplace and French doors to a south-facing terrace. The kitchen has plenty of natural light from a row of skylights.
A powder room is around the corner.
The unit includes surface parking. Monthly maintenance fees are $820.
Plenty of natural light enters the house.
The agent’s take
“It’s not the only house that’s been converted into condominiums … but it is rare,” said Mr. Denham.
“It came with its own private garden/walled terrace, which is one of the more charming elements of the townhome.”