44 Sherwood Ave., Toronto

Asking price: $2,589,000 (March, 2023)

Previous asking prices: $2,749,000 (June, 2022); $2.9-million (May, 2022)

Selling price: $2,589,000 (March, 2023)

Previous selling prices: $1,212,000 (September, 2013); $902,500 (July, 2006); $462,000 (November, 2003)

Taxes: $10,180 (2022)

Property days on market: 47

Listing agents: Carol Lome and Brayden Irwin, Royal LePage Real Estate Services Ltd., Johnston and Daniel Division

The action

This four-bedroom house only collected one offer over six weeks on the market last spring, even after the asking price was reduce from $2.9-million to $2.749-million. The sellers turned that offer down and decided to bide their time. A spike in sales this March pushed them to relist at a new price of $2,589,000. Within days, they had three bids, one of which met their target price.

“Right as the market was starting to shift and rates were starting to rise, the sellers weren’t prepared to sell it, so we took it off the market,” said agent Brayden Irwin.

“At the end of January, the Bank of Canada announced they were going to hold interest rates, so all of a sudden, we started to see more activity on the buy side. And for the first time in a while, we saw properties selling fairly quickly in multiple offer [scenarios], so we thought it was a good time to bring the property back to the market.”

What they got

This two-storey house was built in the 1940s and has been recently modernized with hardwood flooring throughout and an updated kitchen with bench seating and stainless-steel appliances.

There are two entertaining areas on the main and lower levels.

The major attraction upstairs is a primary bedroom with sky lights, a walk-in closet and the largest of the home’s four bathrooms, plus a deck overlooking the back yard and the larger deck and stone patio below.

The 25- by 185-foot lot also offers parking.

The agent’s take

“[Most] buyers were growing families looking for more space, and there were some people who were in a larger home and looking to downsize but stay in the neighbourhood,” Mr. Irwin said.

“The main-floor layout was a bit unique because we didn’t have a kitchen with a family room off the back, it was almost like a den between the dining room and kitchen.”

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6 Albemarle Ave., Toronto

Asking price: $2,195,000 (October, 2022)

Selling price: $2,266,500 (October, 2022)

Taxes: $8,436 (2022)

Days on the market: 13

Listing agents: Carol Lome and Brayden Irwin, Royal LePage Real Estate Services Ltd., Johnston and Daniel Division

The action

Open entertaining area with a fireplace, skylights and a private terrace.

This more than 20-year-old house is an anomaly in Riverdale with its two-bedroom plan and in-ground pool. The kitchen and bathrooms were somewhat dated, so the price was set conservatively at $2,195,000. Two offers were tendered, with the higher going $71,500 over asking.

“October was kind of a transitional market in the east end, around Withrow Park, Broadview and Danforth [avenues],” said agent Carol Lome.

“There were three houses [listed] in the area, and interesting enough, they all went in multiple offers.”

What they got

In a prime Riverdale location set high above a short street running west from Withrow Park, this two-storey house has 1,705 square feet of living space, including two bedrooms on the main level and a kitchen on the second floor.

Open entertaining areas are located on each level. The smallest one is in the basement, while the largest one is two floors above with a fireplace, skylights, and a private terrace.

The agent’s take

“This house was very unique because it was very much a West Coast [style] home,” Ms. Lome said.

“Once people were inside, they were in awe and couldn’t believe the light and charm. It was like a treehouse, you look into old maples, and the skyline and CN Tower beyond.”

The 29- by 115-foot lot is also six to 10 feet wider than average, allowing for outdoor assets rare in urban Toronto. “It even has a plunge pool in the backyard, so it was ahead of its time,” Ms. Lome said.

“And it had a two-car carport, so there were a lot of people intrigued to do a laneway house.”

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2727 Yonge St., No. 402, Toronto

Asking price: $2,295,000 (June, 2022)

Selling price: $2,377,500 (June, 2022)

Previous selling prices: $1,817,000 (February, 2020); $1,880,000 (September, 2019); $1,305,000 (November, 2018)

Taxes: $6,060 (2022)

Days on the market: Three

Listing agents: Carol Lome and Brayden Irwin, Royal LePage Real Estate Services Ltd., Johnston and Daniel Division

The action

The entire unit had a high-end renovation.

This updated, three-bedroom condo in a mid-rise building near Alexander Muir Memorial Gardens had a lot of interest right off the bat, mainly from local downsizers looking to keep a foothold in Lawrence Park.

“There aren’t many [condominiums] in that neighbourhood, and this one was over 1,700 square feet,” agent Brayden Irwin said.

“Overall, in Toronto, there’s less inventory of units of that size, and even less three-bedroom units, many of which have not been renovated or have the same quality in them.”

Within days, the seller had two offers, accepting one that added $82,500 to the asking price.

“It goes to show that it’s not all doom and gloom in the Toronto market,” Mr. Irwin said.

“When there’s good product in good neighbourhoods, people are still looking to buy, and sometimes there are not a lot of options for that type of property.”

What they got

The unit has two access points to a wide balcony.

This more than 20-year-old suite has a laundry room with a sink, a living room with a fireplace and a dining area with one of two access points to a wide balcony.

The kitchen was recently retooled with a nine-foot long island, marble countertops and upscale appliances, as well as hardwood flooring and pot lights.

The primary bedroom contains a walk-in closet and a four-piece bathroom.

The unit includes a storage locker and two parking spots. Monthly fees are $1,655, which pays for 24-hour concierge and use of a gym, pool and rooftop deck.

The agent’s take

The unit features hardwood flooring and pot lights.

“The whole unit had a high-end renovation, so it was quite beautiful,” Mr. Irwin said.

“And it looked out over the treetops east of the building.”

There are multiple exits to two rear decks and a south-facing back yard, abutting the Chatsworth Ravine near Alexander Muir Memorial Gardens.

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79 Chatsworth Dr., Toronto

Asking price: $3,579,000 (July, 2022)

Selling price: $3,679,000 (July, 2022)

Taxes: $14,799 (2022)

Days on the market: One

Listing agents: Carol Lome and Brayden Irwin, Royal LePage Real Estate Services Ltd., Johnston and Daniel Division

The three-storey house boasts a formal foyer and classic living and dining rooms.

The action

Agent Carol Lome went overboard preparing this updated, five-bedroom house, from staging the interiors to managing dozens of guests requesting preview tours 48 hours before its formal launch. She took a more restrained approach to the asking price, opening with $3.579-million.

“We didn’t price it a couple hundred thousand below market, which some agents do,” Ms. Lome said.

“It was very well received, and I was a little surprised only because it was the middle of July when it was hot and agents were saying the market is slow.”

In fact, three bidders fought for the property, which sits on a 42- by 265-foot lot abutting Chatsworth Ravine near Alexander Muir Memorial Gardens. “There weren’t any comparables in this price range in Lytton Park,” Ms. Lome said.

“It sold the day interest rates were announced.”

Three bidders fought for the property, which eventually sold for $3,679,000.

What they got

This three-storey house provides 3,066 square feet of living space with multiple exits to two rear decks and a south-facing back yard.

Parts of the original centre-hall design from the 1920s remain, such as a formal foyer and classic living and dining rooms with a fireplace and wainscotting, respectively. Additional lounging areas include a den and breakfast area off the revamped kitchen, as well as recreation rooms on the second and lower levels.

Conveniences include an 8- by 12-foot wine cellar and five contemporary bathrooms, including a primary ensuite.

Three vehicles can park on the driveway.

There are multiple exits to two rear decks and a south-facing back yard, abutting the Chatsworth Ravine near Alexander Muir Memorial Gardens.

The agent’s take

“It’s a very pretty Georgian house with great curb appeal,” Ms. Lome said. “It’s close to the subway and great schools, and it’s on a ravine lot with a lot of tableland.”

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4 Blythwood Cres., Toronto

Asking price: $3,995,000 (May, 2022)

Selling price: $4,175,000 (May, 2022)

Previous selling price: $2,805,000 (July, 2017)

Taxes: $12,129 (2021)

Days on the market: Three

Listing agents: Carol Lome and Brayden Irwin, Royal LePage Real Estate Services Ltd., Johnston and Daniel Division

The action

This four-bedroom house hit the market immediately after a fresh renovation with professional staging and the gardens blooming. Several interested house hunters quickly made offers, with one adding $180,000 to the $3.995-million list price.

“This was a house that, no matter when it came to the market, it was special because of the quality of what was done,” agent Carol Lome said.

“This house compared to a new build, and a new build on a 40-foot lot may be $5-million.”

What they got

White oak, herringbone hardwood flooring appears in the living room, dining area and family room addition.

This two-storey structure contains 2,375 square feet of living space completely refashioned with a Scandinavian design flavour.

White oak, herringbone hardwood flooring appears in the living room, dining area and family room addition. Heated hardwood floors and eight-foot ceilings add another level of refinement to the basement.

Dark granite countertops, flat paneled cabinetry and high-end appliances were used in the kitchen, as well as skylights, floor-to-ceiling windows and French doors to a deck, patio, and garage.

Upstairs, the largest bedroom has a walk-in closet and a six-piece ensuite bathroom. It is the biggest of the home’s four bathrooms.

The agent’s take

The largest bedroom has a walk-in closet and a six-piece ensuite bathroom.

“[The sellers] spent a fortune, from top to bottom, and it had a backup generator,” Ms. Lome said. “It was like a Tesla for a house.”

Outdoor spaces were also finished to a high calibre. “When you sat in the garden, it was like a spa with the water and fireplace features,” Ms. Lome said.

“The garage could be a home office quite easily because it was heated and insulated.”

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