Sotheby’s International Realty Canada
395 Carlton St., Toronto
Asking price: $2,399,000 (June, 2024)
Selling price: $2.3-million (July, 2024)
Previous selling price: $667,000 (September, 2003)
Taxes: $8,662 (2023)
Days on the market: 21
Listing agents: Richard Silver and Jim Burtnick, Sotheby’s International Realty Canada
The action
This three-storey Victorian was built on a 20- by 90-foot lot around 1890.Sotheby’s International Realty Canada
Agent Richard Silver sold a row house across from Riverdale Farm for $2.1-million three years ago without much trouble. This summer, in a changed market, he braced himself for a more drawn-out affair for its attached neighbour – this slightly larger, four-bedroom house at the end of the row.
“I sold the house next door in a faster, COVID 2021 market, and it sold for a very high price and very quickly with multiple offers,” said Mr. Silver, “but it’s different now.
“Some properties have gone off the market in hopes the market would get better in the fall because we’ve had three rate drops now.”
This seller wanted to wait as long as necessary for the right buyer, but was fortunate that an offer came through in three weeks. “We were quite active, when a lot on the market was not, because of pricing,” said Mr. Silver.
“A lot of sellers are still expecting 2021 prices.”
What they got
The house has ample space, and room for improvement since the last renovation done 20 years ago.Sotheby’s International Realty Canada
This three-storey Victorian was built on a 20- by 90-foot lot around 1890, and has formal principal rooms and a kitchen with access to a south-facing patio and laneway.
A guest bedroom and a recreation room are in the basement, along with one of the home’s four bathrooms.
The agent’s take
The home's kitchen has access to a south-facing patio and laneway.Sotheby’s International Realty Canada
“It’s the greatest location in Cabbagetown,” said Mr. Silver.
“You’re close to the park, the zoo, and an off-leash dog area, and it’s not that hard to get to Parliament Street.”
The house has ample space, and room for improvement since the last renovation done 20 years ago.
“It’s in need of a new kitchen and bathrooms eventually, but it was a very substantial house,” Mr. Silver said.
“There were quite a number of original features, like the fireplace on the main floor, and separate living and dining rooms. However, they had been opened somewhat so you didn’t feel closed off.”