10 Laurier Ave., Toronto
Asking price: $1,649,000 (April, 2024)
Selling price: $1,585,000 (May, 2024)
Previous selling price: $360,000 (December, 1999)
Taxes: $7,062 (2023)
Days on the market: 12
Listing agents: Christian Vermast, Paul Maranger and Dwayne Evens, Sotheby’s International Realty Canada
The action
This heritage-designated Victorian has a fairy tale look and a location on a family-friendly dead-end street near St. James Cemetery and Riverdale Park. Twelve days into the sales process a guest at an open house ventured an offer that cut $64,000 from the asking price, which was accepted.
“We thought it would sell within two to three weeks – the average right now is between three to four weeks – so this sold relatively quickly,” said agent Christian Vermast.
“There were three similar properties for sale, but what I believe gave this one a competitive advantage was the fact it was on one of the most architecturally congruent streets in Cabbagetown. It’s also on a cul-de-sac, which is very quiet so kids can play on the street.”
What they got
This 2½-storey row house has architectural features from 1889, such as its red brick façade, arched windows and intricate woodwork in the principal rooms.
The second and lower levels offer casual recreation areas. The smaller one upstairs has a cozy wood-burning fireplace and a Juliet balcony.
Large decks are situated off the kitchen and largest of three bedrooms. The primary bedroom also has a cathedral ceiling with a skylight, a walk-in closet, and one of the home’s two four-piece bathrooms.
The 15- by 74-foot lot does not include parking, but there is street permit parking and public transit nearby.
The agent’s take
“It’s for people who cherish Victorian architecture in a very urban setting,” said Mr. Vermast.
“It has original features, like very high ceilings, which gave the space a real sense of elegance, and original crown mouldings, baseboards, ceiling medallions and stained glass windows.”