Why This Toronto Home Sold For $1.2 Million over Asking

Why This Toronto home sold for $1.2 Million Over Asking

It’s not unusual for a well-priced house to sell for more than asking, but an Edwardian-era home in Toronto’s desirable Danforth neighborhood (recently rated the best neighborhood in Toronto) sold for nearly $1.2 million over asking. Originally priced at $2.35 million, the four-bedroom home sold for $3.52 million after 18 days on the market.

This 1920s Edwardian home boasts four bedrooms and four baths, a private driveway that can easily accommodate four vehicles, and a charming facade that oozes curb appeal.

With a great porch, this home offers a perfect spot from which to sit and watch the world go by. Priced at $2.35 million and sold for $3.52 million, the realtor told the Toronto Star that he’s never seen a home sell for that much over asking. “It was all good luck,” said Wilfred A. Veinot of Sutton City Realty Inc. Brokerage. “We just put it up and we happened to find someone very interested in it.”

From the leaded glass windows to the stately staircase and original wood moldings, the entry of the home is stunning. The staircase leads downstairs to a finished basement (including a recreation room, games room, and wine cellar) and upstairs to the bedrooms.

Located at the front of the home, the living room features the original fireplace surround and mantel and gorgeous windows. A bank of windows floods the renovated kitchen with natural light, while a center island offers bar-style seating. The kitchen is large and expansive, offering everything a home chef could ask for. 

There’s also this spacious formal dining room, boasting original wood wainscoting and salmon-hued textured wallpaper, while large windows offer ample natural light. 

Throughout the home, the rooms are generously proportioned, which is certainly the case with the bright and airy master bedroom. A set of sliding glass doors open to a private patio accessed from the bedroom, adding spectacular outdoor living space to the already expansive master.

Situated directly off the master bedroom is this large ensuite, boasting a huge built-in soaker bathtub. Another of the home’s four bedrooms offers the warmth of honey-hued hardwood floors and a trio of windows.

The lower level of the home is highlighted by an open-concept recreation room, which opens to a games room and wine cellar. The laundry room is also on the bottom floor with folding cabinetry discreetly hiding the washer-dryer from view until they’re needed.

Now that you’ve seen what makes a home sell for so much, apply some of these concepts to your own house-searching!