16 PAGE AVE., TORONTO
ASKING PRICE $3,280,000
SELLING PRICE $2,920,000
TAXES $8,159 (2016)
DAYS ON THE MARKET 32
LISTING AGENT Bill Thom, Re/Max Realtron Bill Thom Group Realty Inc.
The Action: Properties in Newtonbrook generally require lengthy marketing campaigns to find a buyer, but this four-level backsplit changed hands within a month because of its highly desirable ravine-side 79-by-174-foot lot.
"Some took longer even and are still on the market, but this one took 30 some days, so it's not that long," agent Bill Thom said. "You only have around three to four [ravine lots] come up a year for the entire neighbourhood."
What They Got: The roofing, windows and flagstone walkway are the newest elements of this roughly 3,100-square-foot house crafted in the 1960s with solid wood ceilings in the eat-in kitchen, raised dining area and living room. The latter also features a two-sided stone fireplace shared with a den and a walkout to a southwest-facing deck.
Across the rear, the top floor of accommodates four bedrooms, including a master suite with a balcony and one of three bathrooms. The level below houses two bedrooms and a family room with a fireplace, wet bar and side exit.
For storage, there is an 1,817-square-foot basement and loft space in the built-in double garage.
The Agent's Take: "The big feature is the ravine and the second biggest feature is that it's like a Frank Lloyd Wright-inspired, architectural feat, which was custom-built for the original owners," Mr. Thom said.
"It looks like a cottage and feels like a cottage in Muskoka."
The tranquil setting is enhanced by the volume of space inside and out. "For a resale home, this is double the size of a typical bungalow here," Mr. Thom said.
"Because the [seller] was in the lumber business, it has about 1,500 square feet of decking."