The Lawrence Park home is close to top schools.
1 Ronan Ave., Toronto
Asking price: $998,000
Selling price: $1,250,000
Previous selling price: $257,500 (1996)
Taxes: $5,144 (2017)
Days on the market: Seven
Listing agents: Paul MacMillan and Belinda Lelli, Royal LePage Real Estate Services Ltd.
THE ACTION
In early March, with similar homes in the Yonge Street and Lawrence Avenue area priced in the $1.5-million range, this three-bedroom bungalow near Wanless Park drew buyer attention with a sub-$1-million asking price.
“This is a great family friendly neighborhood, but finding an affordable way to become established here can be a challenge,” said agent Paul MacMillan, who hosted open houses and private showings over one week.
“We were able to welcome nearly 200 prospective buyers to this home. Ultimately we were able to present 10 offers to the sellers.”
The living room has hardwood flooring and leaded glass windows.
WHAT THEY GOT
Set on a 35-by-100-foot corner lot, this house was initially erected in 1927 as a modest bungalow. It was expanded in the early 1950s, creating two new bedrooms, a third bathroom and an attached double garage.
There are leaded glass windows and hardwood flooring in the living room, as well as formal and casual dining areas off a kitchen, from which there is access to a side yard and the basement.
THE AGENT’S TAKE
“Located in Lawrence Park north and in close proximity to top flight schools, Wanless Park and the TTC, this home is both a blue-chip investment and a great place to raise a family,” Mr. MacMillan said.
“The home is larger than it looks from the curb … with more than 1,674 square feet of family living space, plus a large and unfinished basement. It also provides a great opportunity for the buyer to put their own personal stamp on the property.”