Silverhouse Real Estate Photography
38 True Davidson Dr., Toronto
Asking price: $3.95-million (February, 2024)
Selling price: $3.95-million (February, 2024)
Previous selling price: $1,439,190 (December, 2003)
Taxes: $21,690 (2023)
Days on the market: One
Listing agents: James Warren and Alex Obradovich, Chestnut Park Real Estate Ltd.
The action
There is a formal study, dining and living room as well as casual recreation areas.Silverhouse Real Estate Photography
Concerns over high mortgage rates and a hike in the land transfer tax for homes valued at $3-million and above weighed heavily on agent James Warren as this five-bedroom house came to market. He was relieved two offers came in on the first evening, one of which met the list price of $3.95-million.
“We didn’t know what would happen with interest rates or the effects of the new increased land transfer taxes,” said Mr. Warren. “After the first interest rate announcement in February, we just decided to get on with it because, eventually there would be more homes coming on the market.”
“We were very surprised – as were the owners – when we called them that night to say we had offers.”
What they got
The home has 10-foot ceilings on the main floor, three fireplaces and an elevator.Silverhouse Real Estate Photography
This roughly 20-year-old house sits on the edge of a wooded ravine system above the Don River. It has 4,541 square feet of living space, plus an additional 1,869 square feet in the basement.
The home has 10-foot ceilings on the main floor, three fireplaces and an elevator. A double-sided fireplace splits the primary bedroom and a seven-piece ensuite bathroom.
There is a formal study, dining and living room as well as casual recreation areas with access to a rear deck, heated patio and an infinity pool on the 40- by 133-foot lot.
There are six bathrooms in total and interior access to the double garage, and a heated driveway, porch and stairs.
The agent’s take
A double-sided fireplace splits the primary bedroom and a seven-piece ensuite bathroom.Silverhouse Real Estate Photography
“It’s a very pretty stone house, like something you might see in Quebec City,” Mr. Warren said.
“It has a plunge pool and patio, so it was very nice and very much geared toward families with lots of things to do in the house.”
The home has access to a rear deck, a heated patio and an infinity pool on the 40-by-133-foot lot.Silverhouse Real Estate Photography