Forest Hill Real Estate Inc.
276 Concord Ave., Toronto
Asking price: $1,879,000 (June, 2024)
Selling price: $1,860,000 (July, 2024)
Previous selling prices: $1.75-million (May, 2020); $1,285,000 (May, 2014); $1.1-million (September, 2013)
Taxes: $9,370 (2024)
Days on the market: 22
Listing and buyer’s agent: Leonard Fridman, Forest Hill Real Estate Inc.
The action
Each unit has its own kitchen and entertaining areas, and two share a common laundry room.Forest Hill Real Estate Inc.
Forest Hill Real Estate Inc.
The marketing plan for this semi-detached triplex that sits just 50 metres from Bloor Street West included a detailed description in an online newsletter, a 13-page brochure with photographs and floor plans, and a list of expenses and rental incomes. The data package swayed one careful buyer, who had scanned listings by agent Leonard Fridman for years, into putting forward an offer $19,000 under the asking price.
“Sometimes people will sit on the database for eight years, [waiting] for the right property to come along,” said Mr. Fridman.
“If you were a buyer looking to do this, you’d fear the unknown, and you’d want as much detail and transparency to make you feel comfortable.”
Mr. Fridman said he reassured the buyer that this property is an affordable substitute to single-family houses nearby.
“It’s a great way to live in the city of Toronto by living in one unit and renting out the other two,” Mr. Fridman said.
“Right now, with the cost of living, it’s an incredible way of freeing up cash … and not being beholden to a big mortgage.”
What they got
Units on the main and lower levels both have two bedrooms and one bathroom.Forest Hill Real Estate Inc.
This three-storey house was remodelled about 10 years ago into three separate rental units. Each has their own kitchen and entertaining areas, and two share a common laundry room. There’s an exit to the west-facing yard and a double garage on the 18- by 137-foot lot.
Units on the main and lower levels both have two bedrooms and one bathroom.
The upper unit has a two-storey plan with three bedrooms, two bathrooms, a rooftop deck and private laundry facilities.
The agent’s take
“It’s a unique home because it’s a triplex,” said Mr. Fridman.
“Triplexes of this quality are rare.”