Written by: Sydnia Yu for the Globe and Mail:
40 Glenview Ave., Toronto
Asking price: $5,295,000 (October, 2024)
Previous asking price: $5,495,000 (September, 2024)
Selling price: $4,930,000 (November, 2024)
Previous selling price: $1,295,000 (September, 2003)
Taxes: $20,013 (2024)
Property days on market: 72
Listing agents: Keegan Irwin and Carol Lome, Royal LePage Real Estate Services Ltd., Johnston and Daniel Divisio
The action
The owner of this four-bedroom house put it up for sale last fall and held four open house events, cutting the price by $200,000 a month later to keep buyer interest alive. Only after that did one of the open house visitors return with an offer, $365,000 under the revised asking price.
“At that time, the market had shifted a little … so we adjusted the price,” said agent Carol Lome “A buyer who came through an open house, came back with an agent and made an offer. In this case, the open house paid off.
What they Got
There is an eat-in kitchen with double doors to outdoor cooking facilities.
This two-storey house on a 40- by 258-foot lot backing onto a ravine was recently redesigned and now has 3,329 square feet of living space, an elevator and an office adjoining the primary bedroom.
Living and dining rooms are more open-concept, and casual lounging areas are on the main and lower levels.
There are three updated bathrooms and an eat-in kitchen with double doors to outdoor cooking facilities, an in-ground pool and custom firepit.
The Agent’s Take
The backyard features an in-ground pool and custom firepit
“This is on a very special block between Duplex [Avenue] and Yonge [Street], and a very quiet residential part of Lytton Park,” said Ms. Lome.
“It was a wonderful lot; you almost felt like you were in Italy the way it was landscaped. And it had a saltwater pool and lots of tableland.
“It was custom renovated for the owners in the nineties to have an elevator, which is really state of the art,” Ms. Lome said.
“It has a private drive and a garage with direct access, so it was very current.”
