Royal LePage Real Estate Services Ltd.
22B Leaside Park Dr., Toronto
Asking price: $799,000 (July, 2024)
Selling price: $855,000 (July, 2024)
Previous selling prices: $462,500 (September, 2013); $369,000 (December, 2007); $194,857 (August, 1999)
Taxes: $3,812 (2024)
Days on the market: Seven
Listing agents: Belinda Lelli and Suzanne Stephens, Royal LePage Real Estate Services Ltd.
The action
The first floor of the townhome is arranged with open living and dining areas, an eat-in kitchen, and the smallest of three bathrooms.Royal LePage Real Estate Services Ltd.
The owners of this two-bedroom townhouse north of the Leaside Bridge made efforts, both real and virtual, to highlight this property right after Canada Day. They painted the interiors and did virtually staged photographs of otherwise empty rooms. Perhaps most importantly, they set a price under $800,000, in stark contrast to a three-bedroom unit nearby that had been up for sale for months listed at nearly $1.1-million.
“There was one for sale, listed for a lot higher, and it had gone stagnant,” said agent Belinda Lelli.
“Our challenge was pricing properly in order to sell on an offer night, and for many buyers, the attractive, under $1- million price was an enormous draw.”
Two offers arrived on cue, and one was improved to $855,000 after negotiations.
“We had six realtor showings and more than 30 people through the open houses, all young families, most of which are residing in apartments and condominiums, seeking a home such as this one in a family-centric area, steps to parks, schools, and transit,” Ms. Lelli said.
“We didn’t get many offers because a lot of people were afraid they couldn’t sell their condo because the condo market has taken a hit.”
This 25-year-old townhouse has a three-storey plan with a private garage and an enclosed yard accessible through a multi-purpose room on the ground level.Royal LePage Real Estate Services Ltd.
What they got
This 25-year-old townhouse has a three-storey plan with a private garage and an enclosed yard accessible through a multi-purpose room on the ground level.
The floor above is arranged with open living and dining areas, an eat-in kitchen, and the smallest of three bathrooms.
Two bedrooms are on the top floor. The basement is unfinished.
Snow removal and landscaping are incorporated into monthly condominium fees of $189.
The agent’s take
“It’s spacious and a lot of people use the lower level for bedrooms,” said Ms. Lelli.
“This townhouse can field a rental income of $3,500 to $3,800 per month.”