by Connie Adair in National Post on 16/11/2013
The National Post recently featured Elli’s listing at 93A and 95A Balmoral Avenue in their Resale Homes section which highlights unique properties for sale.
93A/95A Balmoral Ave.
(Yonge Street and St. Clair Avenue)
Asking price: $1.595-million
Taxes: $8,579 (2013)
“I have never had a property like this listed in my 30-year career,” says listing agent Elli Davis. “It features two separate homes, which I believe were once coach houses or garages in a private courtyard off Balmoral Avenue.”
The interiors have been renovated, and both feature modern bathrooms, built-ins and chef ’s kitchens that have custom cabinetry.The home at 93A offers two bedrooms and about 980 square feet of living space plus a 600-sq.-ft. lower level. Features include a fireplace in the combination living and dining room, a centre island in the kitchen and a cathedral ceiling and a three-piece ensuite bathroom in the master suite.
The second home is a bungalow that has about 637 square feet. It has a skylight in the open-concept kitchen, a combination living and dining room and a bedroom with a three-piece ensuite bathroom.
“The two homes must be purchased together,” Ms. Davis says. “The homes face one another, rather than being side by side, and tearing them down and building one large home is not an option.”
The 34×84-foot property is close to yonge and St. Clair. It’s within walking distance of up scale shops, restaurants, parks and public transit. The property has four parking spots.
Listing Broker: Royal LePage Real Estate Services Ltd. (Elli Davis)
“Classic charisma, period details inside and out form a good
foundation for an update of this traditional home”
by Connie Adair in National Post on 08/10/13
767 Spadina Rd. (Spadina Road and Eglinton Avenue)
Asking price: $1.35-million
Sold for: $1.25-million
Taxes: $9,052 (2013)
Time on the market: 19 days
Seven sixty-seven Spadina Rd. has been in the same family for more than 60 years, says listing agent Elli Davis. The two-storey detached Tudor-style home features leaded glass windows in the living room, a separate dining room and an eat-in kitchen that has built-in appliances.
Four bedrooms plus a den are on the second floor. The master suite has a walk-in closet and a four-piece ensuite bathroom. One bedroom has leaded glass. The den has a built-in bookcase and a walkout to a balcony.
The lower level has a recreation room and a two-piece bathroom.
An attached one-car garage and a private driveway are features of the 50×120-foot lot. It’s close to restaurants, shopping, public transit, parks and schools.
Listing Broker: Royal LePage Real Estate Services Ltd. (Elli Davis)
By Sydnia Yu
58 ROWANWOOD AVE., TORONTO
ASKING PRICE: $2,375,000
SELLING PRICE: $2,420,000
PREVIOUS SELLING PRICES: $1,310,000 (2005); $1,260,000 (2004)
TAXES: $12,485 (2012)
DAYS ON THE MARKET: 38
LISTING AGENT: Elli Davis, Royal LePage Real Estate Services Ltd.
The Action: This semi-detached home’s two-bedroom plan catered to a smaller pool of buyers, so there were just over two dozen showings this summer. The price was reduced after a month, which brought out a serious buyer and a $2.42-million deal close to the original list price.
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What They Got: In one half of the more than century-old, heritage structure is this three-storey portion on a 35-by-126-foot lot with a private driveway and detached double garage.
The interiors were recently renovated, so it has a modern eat-in kitchen with a pantry and top-of-the-line appliances, a dining room with a built-in bar and a living room with a gas fireplace, skylights and patio doors to a walled-in backyard with a built-in barbecue and fountain.
Areas for studies include an office in the basement and a fireside library on the second floor, which also accommodates one bedroom and stairs to a third-floor master retreat with a deck and largest of four bathrooms.
The Agent’s Take: “It was a little different because it was a large home made into two smaller homes in the ninties,” agent Elli Davis said. “It’s a gorgeous semi-detached home with a garage … and was beautifully decorated and renovated with top designer tastes and finishings.”
Buyers also fancied the proximity to extensive parkland, the Toronto Lawn Tennis Club and to upscale bistros and boutiques. “You can walk to Yonge Street, so that had a lot of appeal,” Ms. Davis added.
Editor’s Note: Done Deals contain information gathered from real estate agents, home buyers, home sellers and sale prices that are publicly available from government sources. While we try to publish Done Deals as soon as possible after the transaction has occurred, long closings can cause delays.
REM Issue #285, March 2013
In its illustrious 100-year history, Royal LePage has produced dozens of top sales professionals. The top one per cent of the company’s sales professionals become part of the National Chairman’s Club. In the last decade, three sales reps who are consistently at or near the top of the list are Elli Davis, Dan Cooper and Loretta Phinney. Recently REM asked them about the secrets of their success and longevity…
After scoring 100 per cent on her third and final real estate course, Elli Davis received her licence in 1983. She joined A.E. LePage’s Summerhill office in Toronto and sold her first property three weeks later. She has been with Royal LePage ever since and held the No. 1 spot in the company’s sales rankings for 12 consecutive years.
Davis is also a long-time supporter of the Royal LePage Shelter Foundation. Her annual donations place her in the top one per cent of all donors across Canada.
What was your first day as a Realtor like and how does it compare to a typical day now?
I originally applied for a job at 33 Yonge St. to sell/lease commercial properties, as I had heard residential was all “nights and weekends”. They sent me to a residential recruiter who called the manager of the Yonge Street branch and invited me for an interview. He encouraged me to start right away and led me to my cubicle with a shelf above and a dial phone (with a hold button) and said, “Go to it.”
From there, I started listening to other agents and created a card that I sent to all of my “very
few contacts” to inform them of my new career. I clipped listings, went to agent open houses and took anyone that could walk and talk to see properties, stopping at pay phones to get messages. I open-housed every weekend in the hot summer of 1983!
My typical day now is arriving at the office between 9-10 unless I have an appointment elsewhere. I review new listings, follow up with appraisals, talk to current sellers, meet with my team and view agent open houses unless I have one of my own. The afternoons are usually for listing appointments, personal errands, some lunches and general things that just always seem to come up. The days go by very quickly. Evenings are generally free for dinners at home or out, theatre, family and fun.
Today technology and my support staff enable me to increase my business year after year. I
concentrate on the listings but remain very “hands on” with all aspects of the everyday operation of my business. I am always accessible and efficient, which has contributed to consistent repeat and referral opportunities.
How do you keep your career fresh?
I make every day different and prioritize the most important tasks of the day. I am always networking, taking courses, learning, brainstorming and updating marketing materials and pictures. I keep my technology current. I love to read sales books and motivational success stories in all types of careers.
When you were a child, what did you want to be when you grew up?
When I was a child I was very shy and had no confidence in myself. Being the tallest girl in the class was not a good thing. I didn’t have any definitive career goal as didn’t feel I was very smart. I gradually realized during university that I enjoyed teaching and psychology and continued with my education to become a primary school teacher. I realized after about the first week that this was not where I wanted to stay but it took me seven years to take a leave of absence. I believe I took a chance at real estate with the inner strength of just going for it and with the motivation and determination not to return to the classroom.
What do you do for fun?
I enjoy travelling, exploring new countries, going on cruises, the theatre, spas, shopping, swimming and boating. I enjoy entertaining friends and spending time at the cottage. I have had the ultimate joy of being married to a great man for over 25 years and enjoying time with four grandchildren and a lot of immediate and extended family. I actually love working because I don’t consider it as “work”….most days.
Who is the person (business or personal) who inspires you most?
Even though I lost my parents several years ago, my father was a unique, fun-loving and innovative salesman without a formal education, but with the motivation to always try something new. He was a risk taker and so am I. My mother had an “at home” sales career but was born in the wrong generation. She was overly devoted to her three children. I believe she would have been a huge success in her own right as well but she really never had the chance. My sadness lies in the fact that she never saw me in my real estate career and my father only witnessed the first few years. They still inspire me.
by Carolyn Ireland
Of all the zany things happening in Toronto’s real estate market last week, perhaps the most mind-boggling was the melee that erupted over a pleasant yet unremarkable condo unit near Yonge and Davisville.
Seven parties leapt into the competition and pushed the sale price to $420,000 – or 8 per cent above the asking price of $389,000.
David Fleming of Bosley Real Estate Ltd., is one agent who was staggered by the deal. He wrote about it in his Toronto Realty Blog.
Mr. Fleming says there’s too much choice in the condo market right now for it to make sense for buyers to compete over a run-of-the-mill unit.
“I would never in this market tell a buyer to get involved in a bidding war on a condo,” he said in an interview.
“A nice house in Riverdale maybe – but not a condo.”
But that’s just one deal and Mr. Fleming says it could be an outlier. The point is that the market is extremely erratic at the moment.
The numbers from the Toronto Real Estate Board show that sales edged up 2.4 per cent in the Greater Toronto Area in the first half of January compared with the same period last year. The average selling price rose by 4 per cent in the same period.
But the market was – and continues to be – choppy and weird. Some properties stagnate for weeks and then sell at a significant discount of the asking price, while others sell overnight for more. Mr. Fleming raises another example of a house in the west end that had an asking price just less than $550,000, which is a segment of the market that draws lots of buyers.
His clients were primed to make an offer on Tuesday, which was the night set aside for reviewing bids. But before they had the chance, the house was sold late last Friday when a bully offer landed in front of the sellers.
So-called bullies usually offer an amount so substantial that the sellers are tempted to snatch at it. But in this case, Mr. Fleming points out, the bully got the house for $580,000. It’s a great deal for the buyer, he figures, but the sellers left a substantial amount of money on the table.
“I would have bought that house at that price and I’m not even in the market.”
His clients, he says, would have offered $610,000 or $620,000.
“That was frustrating. My clients are crushed.”
Elli Davis, an agent with Royal LePage Real Estate Services Ltd., cites the example of a house in Moore Park that received two offers and sold for $2.375-million. That marks a $176,000 premium above the asking price.
Mr. Fleming also had a buyer interested in that one, but the house sold within a day of coming on the market – before they even got over there to see it.
“Here I was telling him that I didn’t think the property would move.”
Mr. Fleming says lots of listings are sitting. He can’t imagine another condo unit getting seven offers in the current market.
“There are a million cookie-cutter condos out there that no one cares about.”
Ms. Davis says she tallied eight deals in January, 2012, but so far this year she has only recorded four. Still, she hopes to make up the difference by the end of the month.
“I’ve got a few in the works. Buyers just seem to be taking a little bit more time.”
Ms. Davis says some buyers are speculating that prices may fall and wonder if they should wait. But others are willing to move if they see the right property.
“They want that security that the market isn’t going to totally fall out of bed.”
She’s advising sellers to set a realistic asking price instead of setting an eye-catching price in the hope of sparking a bidding war. But she also cautions against asking too much. Prices have softened a bit since last spring, she says.
“If you’re way too high, people will ignore you and buy something that’s not.”
Mr. Fleming says the lack of snow in January may have helped the market because house hunters had no trouble tramping around. And even the arctic temperatures this week didn’t deter the buyers of 76 Langley Ave. in Riverdale. The home, priced at $949,000, sold Tuesday night for $1,129,000. “So much for the impending real estate crash,” he says. But the volatile nature of the market makes it difficult for agents to predict how the spring will shape up.
“One day you might get five offers on a house and the next week a house down the street gets zero.”
39 Wells Hill Ave.
- Asking price: $950,000
- Selling price: $1,375,000
- Listing Agent: Elli Davis, Royal LePage Real Estate Services Ltd.
This Casa Loma home was deliberately priced under $1-million to attract offers and a quick sale. The strategy worked, with 15 rival bids delivered in 7 days and the winner coming in at $425,000 over asking.
It has been a roller-coaster year in real estate, opening on a residential battlefield that saw sellers clearly with the upper hand. In Toronto, bidding wars for mid-range homes in which as many as a dozen or more eager buyers trumped and re-trumped their offer prices were commonplace. Listing prices in many neighbourhoods were simply a starting point for homes that would eventually sell for hundreds of thousands over asking.
But as fall winds blew and the federal government’s new rules tightened financing requirements, sales – and sale prices – dipped across the country. Vancouver, Canada’s second-largest residential real estate market, was hit hardest and sales tumbled by double-digit percentages. These are a few of the stand-out real-estate transactions we’ve covered this year.
310 Oriole Parkway
Avenue Rd. and Eglinton Ave. W.
- Asking price: $1.795-million
- Selling price: $1.775-million
- Previous selling price: $768,000 (2000)
- Taxes: $11,894 (2012)
- Monthly fee: $489
- Day on the market: nine
- Listing agent: Elli Davis, Royal LePage Real Estate Services Ltd.’
More than a dozen buyers requested showings of this three-storey house, which fronts on a busy residential street just a of couple blocks from parks, restaurants, shops and the Eglinton subway station.
What They Got:
The previous owners extensively revamped this traditional centre-hall residence into a more modern 3,515-square-foot space with five bedrooms, six bathrooms and casual and formal entertaining areas, plus a 692-square-foot basement suite with a guest bedroom, recreation area, kitchen and separate entry. Hosting large families and affairs can be easily done in the dining room, a fireside living room with access to a rear deck and family-room addition off the kitchen with glass doors to a heated pool, as well as media room with a 108-inch screen and projector on the second floor. Four-car parking is available on a private driveway on the 50-by-135-foot lot.
The Agent’s Take:
“The house was in excellent condition throughout [as the seller] had done renovations over the years that really enhanced the home, which was a very large home,” says agent Elli Davis.
“It had a beautifully renovated kitchen with a large eat-in area and an open-concept family room, which opened to the backyard with a glamorous in-ground pool and lovely landscaping. It looked like a country club.”
Posted in The Globe and Mail, July 12, 2012.
Published in Women’s Post, Sarah Lambert, 18 June 2012.
Elli Davis, Sales Representative, Royal LePage
Even as an elementary school teacher, Elli was constantly reading real-estate ads and going to open houses on weekends.
“I guess I always had a latent interest in real estate without even realizing it was there,” she says.
At a friend’s urging, she took the required courses. That was in 1983.
Within three weeks she had sold her first home.
By 1987, she’d been named the number one agent for Royal LePage and, although the company has quadrupled in size since she started out, Elli still maintains one of the very top positions within the company.
Elli has been able to achieve this level of success by following her golden rule: “I always service my customer as I would want to be serviced myself and I truly care about their largest asset as if it were my own money.”
By pushing herself out of her comfort zone, Elli has created a life that she loves – balancing her time between her inspiring career and her family.
“Take a chance, become uncomfortable,” she urges, “If you make yourself uncomfortable, it’s amazing how fast you become comfortable; and if you’re not, then go on and try something else. The minute I started real estate, I knew it was just perfect for me.”
76 Garnet Ave. (Bloor and Christie streets)
Asking price: $699,000
Sold for: $808,000
Taxes: $3,758 (2012)
Time on the market: five days
DEMAND FOR RENOVATED HOUSE
Potential buyers liked that this Seaton Village home is detached, renovated and has an in-law suite. It sold for more than $100,000 over the asking price in five days.
The two-storey home has hardwood floors in the combination living and dining room and tile floors in the renovated kitchen. A walkout to a deck from the family room and a three-piece bathroom are other main-floor features.
The master bedroom has his-and-her closets. Two bedrooms and a four-piece bathroom are also on the second floor.
Lower-level features include a kitchen, a living room, a bedroom and a four-piece bathroom.
The home is on a 20x115foot lot that has a two-car garage and a “great backyard,” says listing agent Elli Davis. It’s also close to schools, banks, the TTC and shopping.
Listing Broker: Royal LePage Real Estate Services (Elli Davis)