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Harvey Kalles Real Estate Ltd.

85 Fifeshire Rd., Toronto

Asking price: $4,798,000

Selling price: $4.5-million

Taxes: $25,195 (2019)

Days on the market: Eight

Listing agents: Andre Kutyan and Robert Greenberg, Harvey Kalles Real Estate Ltd.

The action

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The main floor features casual and formal entertaining areas.Harvey Kalles Real Estate Ltd.

This summer, agent Andre Kutyan counted more than 80 properties listed between $3-million and $6-million in and around the St. Andrew-Windfields neighbourhood south of Highway 401. So, in late September, he slashed the price of this nearly 6,200-square-foot house from $4.998-million to $4.798-million.

“Only about 17 sales have happened in the last six months – less than three sales a month in the area – so you have to be right on the money with price, even aggressive, to attract buyers,” Mr. Kutyan said.

“If someone built that home today for a minimum $1.6-million to $2-million and the land price anywhere in the $3-million-to $3.5-million range, you’re going to be around $6-million for a new house there. This is an 18-year old home, so there’s a lot of value.”

What they got

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The kitchen is finished with intricate mouldings and limestone finishes.Harvey Kalles Real Estate Ltd.

A property measuring 156 feet by 245 feet allows this two-storey house to also accommodate an attached four-car garage and a centre-hall plan with four bedrooms, 10 bathrooms, formal and casual entertaining and dining areas on the main floor, plus a finished basement.

The Bellini kitchen and master bedroom are finished with intricate mouldings, limestone finishes and gas fireplaces.

The agent’s take

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The backyard features a pool and hot tub.Harvey Kalles Real Estate Ltd.

“This lot is irregular in shape because it’s at the corner of Caldy [Court], so you only had one neighbour on Fifeshire, which gives you a lot of privacy, and you get use of the city boulevard, so the lot looks bigger than it is,” Mr. Kutyan said.

“The backyard has beautiful landscaping with a pool, hot tub, waterfall and nice gazebo as well.”

Attention to detail was evident. “All the detailed crown mouldings were hand painted. It was crazy,” Mr. Kutyan said.

“And the main-floor office had a three-piece bathroom, which is rare to see, so if someone had an elderly family member, they could turn it into a guest suite.”

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