REPORTED BY: SYDNIA YU
PUBLISHED IN THE GLOBE AND MAIL
49 Chestnut Park Rd., Toronto
Asking price: $5,795,000 (September, 2024)
Previous asking price: $5,995,000 (August, 2024)
Selling price: $5.6-million (October, 2024)
Previous selling prices: $5,125,000 (June, 2019); $4,785,000 (December, 2017); $4,497,000 (June, 2015); $2.05-million (November, 2012)
Taxes: $21,573 (2024)
Property days on market: 39
Listing agent: Elli Davis, Sotheby’s International Realty Canada
There are entertaining areas with gas fireplaces on the main and lower levels. The main-floor family room has three sets of French doors to the garden and the garage on the 32- by 143-foot lot.
Sotheby’s International Realty Canada
The action
This semi-detached house first came to market in late August priced a tad under $6-million when other options in the upscale neighbourhood were limited.
“I knew supply would increase in September/October, which it did, and there were few homes for sale in Rosedale at the time,” said agent Elli Davis. “So I felt it was a good time to show it.”
“The landscaping was also at its most beautiful.”
Initial feedback was positive, but to further entice buyers, the price was taken down by $200,000. Nine days later, an offer of $5.6-million was presented, which was accepted.
“We adjusted the price once to stimulate more activity, which resulted in an offer and a sale,” said Ms. Davis.
“I’m finding that properties that need renovations are taking longer than the ones that are not needing it.”
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The second-floor primary suite has a balcony, dressing room, sitting room and the largest of the home’s four bathrooms.
Sotheby’s International Realty Canada
What they got
This 119-year-old house is a heritage-designated property with a brick façade and a portico.
The home has been updated with a contemporary kitchen and a sundeck off a study on the third floor. It also has a temperature-controlled wine cellar.
There are entertaining areas with gas fireplaces on the main and lower levels. The main-floor family room has three sets of French doors to the garden and the garage on the 32- by 143-foot lot.
The second-floor primary suite has a balcony, dressing room, sitting room and the largest of the home’s four bathrooms.
The home has been updated with a contemporary kitchen and a sundeck off a study on the third floor. It also has a temperature-controlled wine cellar.
Sotheby’s International Realty Canada
The agent’s take
“Chestnut Park is one of the most prime streets in Rosedale,” said Ms. Davis.
“This was actually a good condo alternative for someone who may not want to go into a high-rise. And the walkability to Yonge Street was a very strong asset.”
This 119-year-old house is a heritage-designed property with a brick façade and a portico.
Sotheby’s International Realty Canada
