Archive for the 'Lawrence Park' Category
Lawrence Park Home Takes 10 Years to Sell
No, this is not a typo. A house in the Lawrence Park area in Toronto* has just sold after being for sale for ten years.
The owner first listed the home for sale in 1998! The facts are now in the public records. My only intention is to share some of the lessons that can be learned. There are several.
I will provide some specifics to show you some of the things to look out for, so that you can avoid making the same mistakes.
What was so unusual about this story and why did it take ten years to sell, in the midst of the longest boom in Canadian real estate history? In my many years in residential real estate sales, I have only witnessed two similar situations where the seller had such a long wait before the home was sold.
Pricing your home correctly at the outset is of crucial importance, especially in a softening real estate market such as the one we are starting to see in Toronto.
Here are some of the facts behind this most unusual sale.
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Initial listing date |
Late 1998 |
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Total number of real estate companies hired over the ten year period |
6 |
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Number of times the property was listed in the Toronto MLS system |
26 |
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Number of times the listed price was changed |
34 |
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Date property was finally sold |
Mid 2008 |
The seller initially priced the house “ahead of the market”, and continued to do so, throughout the ten year period. The listing price was above what buyers were willing to pay at any given time.
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New Low-Rise Condominium Going Up in Lawrence Park
Cresford Developments has announced the construction of Stratford Residences, a new low-rise building on Bayview Avenue, at the site of former Salvation Army College, just south of Lawrence Avenue. The project will accommodate units ranging from 1,550 to 4,275 square feet. A mid-rise building with only seven suites and 17 detached homes will be released in the next few months.
J.F. Brennan Design/Build Inc and Gluckstein Design, two well-known companies, were selected to provide the new community with a classic Georgian-style appearance intended to blend with homes in the Lawrence Park neighbourhood.
One of the most attractive features of this new development is that residents will be able to enjoy the outdoors from balconies, patios and gardens with barbecue hook-ups.
“We’ve attracted some buyers from the other neighbouring buildings because they didn’t have the outdoor space that they were looking for,” said Ms. Athanasoulis, Cresford vice-president of sales and marketing. “You can’t barbecue at some of the other buildings.”
Amenities will include a gym, pool and party room with a fireplace, bar and kitchen. Residents will be able to avail of a guest suite, 18-hour valet service and 24-hour concierge. The developer says courtyard gardens will also be created on the grounds.
The area’s main attractions include the Granite Club, Sunnybrook Health Sciences Centre and York University’s Glendon Campus. Residents will have easy access to the many restaurants, gourmet stores, and antique stores on Bayview Avenue.
Occupancy is slated for fall, 2010.
Lawrence Park Homes for Sale and Sold - June 2008
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| 92 Glengowan | 105 Stratford | 28 Glengowan | 128 Buckingham |
| Lawrence Park June 2008 homes for sale and sold | ||||||||||
| No | Street | Type | Bdrms | List Price | No | Street | Type | Bdrms | List Price | |
| 202 | Dinnick | Detached | 4 | 995000 | ||||||
| 93 | Dinnick | Detached | 5 | 1595000 | 280 | St Leonard’s | Detached | 4 | 2195000 | |
| 68 | Glengowan | Detached | 4 | 1669900 | 128 | Buckingham | Detached | 4 | 2295000 | |
| 5 | Garland | Detached | 4 | 1695000 | 50 | Cheltenham | Detached | 4 | 2395000 | |
| 28 | Glengowan | Detached | 4 | 1695000 | 127 | Stratford | Detached | 4 | 2595000 | |
| 35 | Strathgowan | Detached | 3 | 1749900 | 22 | St Leonard’s | Detached | 3 | 2850000 | |
| 270 | Dawlish | Detached | 4 | 1779000 | 62 | Glengowan | Detached | 4 | 2995000 | |
| 233 | St Leonard’s | Detached | 4 | 1795000 | 25 | Lewes | Detached | 4 | 3050000 | |
| 65 | Buckingham | Detached | 6 | 1995000 | 105 | Stratford | Detached | 4 | 3075000 | |
| 20 | Buckingham | Detached | 5 | 1995000 | 164 | Rochester | Detached | 5 | 3195000 | |
| 46 | Cheltenham | Detached | 3 | 2049000 | 233 | St Leonard’s | Detached | 4 | 3895000 | |
| 2 | St Leonard’s | Detached | 3 | 2090000 | 92 | Glengowan | Detached | 5 | 4100000 | |
| 42 | Glenallan | Detached | 5 | 2099000 | 41 | Stratheden | Detached | 4 | 4895000 | |
There are 25 homes available for sale in Lawrence Park. Inventory of homes for sale has increased since last year. This neighbourhood is shifting from a sellers to a buyers market. However, prices are holding strong.
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Lawrence Park Homes for Sale - April 2008
Inventory of homes for sale in Lawrence Park remains fairly constant with fifteen homes for sale in early April. Prices range from mid nine hundred thousand dollars to over five million three hundred thousand.
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| 280 St Leonards Avenue | 105 Stratford Crescent | 25 Sunnydene Crescent |
| Homes for Sale - April 2008 | ||||||
| Number | Street | Type | Style | Bdrms | Wshrms | List Price |
| 37 | Blythwood | Detached | 2 1/2 Storey | 4 | 3 | 949000 |
| 1 | Lauren | Detached | 2-Storey | 4 | 4 | 1200000 |
| 5 | Garland | Detached | 2 1/2 Storey | 4 | 4 | 1695000 |
| 233 | St Leonard’s | Detached | 2-Storey | 4 | 3 | 1795000 |
| 54 | Daneswood | Detached | 2-Storey | 4 | 4 | 1895000 |
| 87 | Dawlish | Detached | 3-Storey | 4 | 4 | 1895000 |
| 20 | Buckingham | Detached | 2 1/2 Storey | 5 | 4 | 1995000 |
| 280 | St Leonard’s | Detached | 2-Storey | 4 | 3 | 2395000 |
| 136 | Buckingham | Detached | 2-Storey | 5 | 5 | 2495000 |
| 62 | Glengowan | Detached | 2-Storey | 4 | 5 | 3095000 |
| 105 | Stratford | Detached | 2-Storey | 4 | 6 | 3195000 |
| 164 | Rochester | Detached | 2-Storey | 5 | 5 | 3395000 |
| 15 | Stratheden | Detached | 2-Storey | 4 | 5 | 3449000 |
| 25 | Sunnydene | Detached | 2-Storey | 5 | 7 | 4700000 |
| 1 | Stratheden | Detached | 2-Storey | 5 | 7 | 5395000 |
The homes shown here are MLS listings by various broker companies, sales representatives and broker members of the Toronto Real Estate Board. For more information on any of these homes send us an email.
Lawrence Park Homes Average Sale Price
| Toronto Lawrence Park Homes | ||||
| Average Sale Price | ||||
| Field | Average | Median | Low | High |
| Sold Price | $1,902,817.00 | $1,805,000.00 | $685,000.00 | $3,450,000.00 |
| List Price | $1,916,417.00 | $1,696,500.00 | $695,000.00 | $3,495,000.00 |
| Taxes | $11,100.00 | $11,342.00 | $4,127.00 | $19,197.00 |
| Days On Market | 23 | 14 | 7 | 73 |
Sales between from October 2007 to March 2008. Total of ten homes sold.
What it Sold for in Lawrence Park
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What it sold for in Lawrence Park | |||||
| Type | Style | Bedrooms | Washrooms | Date Sold | Sale Price | |
| Detached | 3 Storey | 5 | 4 | March 2008 | 1,890,000 | |
File photo
The photograph shown is of a home of similar type, style and number of bedrooms in LawrencePark. Privacy laws in Ontario prohibit the public distribution of sale prices of individual homes
This home is located on a prime street in Lawrence Park. Walking distance to TTC, Cheltenham Park and Toronto French school.
To receive more specific information on this or any other homes, click here
Lawrence Park Gardener’s Paradise Home Coming Soon!
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| 223 Saint Leonards Avenue, Toronto, Ontario | ||||
Spring is coming and so is this Lawrence Park gardeners Paradise.
A delightful Lawrence Park home, built early 1990s. A true ‘Gardeners Paradise with generous south-facing rear gardens, this four bedroom home enjoys main floor family and powder rooms and a perfect home office. It has been meticulously cared for and much enjoyed by the same family, almost since it was built.
Come back to this site for full details and more photos in a few days - you wont want to miss this great opportunity to see this special Lawrence Park residence.
Offered for sale at $2,395,000.
This home has been sold. The selling price was very close to the asking price. Privacy laws in Ontario prohibit the public distribution of sale prices of individual homes.
To receive more information about similar homes becoming available, send us an email.
Lawrence Park Mid March Home Sales
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Sold Homes | ||||
| Bedrooms | Washrooms | DOM* | Sale Price | ||
| 3 | 3 | 8 | 1495000 | ||
| 3 | 2 | 65 | 1595000 | ||
| 4 | 4 | 8 | 1720000 | ||
| 4 | 5 | 21 | 2060000 | ||
| 4 | 4 | 19 | 2060000 | ||
| 5 | 4 | 7 | 1890000 | ||
| 6 | 5 | 16 | 2471000 | ||
| * Days on the market | |||||
Lawrence Park home - File photo
The following homes sold in the first half of March in Lawrence Park; 146 Dawlish, 202 Dawlish, 23 Glengowan, 142 Rochester, 138 Stratford, 120 Stratford, 42 Strathgowan.
The sale prices below are shown in increasing number of bedrooms and do not match the address sequence of the homes shown above.
Privacy laws in Ontario prohibit the public distribution of sale prices of individual homes.
Lawrence Park Homes for Sale and Sold - March 2008
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Homes for Sale | ||||||
| No | Street | Type | Style | Bdrms | Wshrms | List Price | |
| 138 | Stratford | Detached | Bungalow | 3 | 3 | 1495000 | |
| 1 | Lauren | Detached | 2-Storey | 4 | 4 | 1200000 | |
| 233 | St Leonards | Detached | 2-Storey | 4 | 3 | 1995000 | |
| 120 | Stratford | Detached | 2-Storey | 4 | 5 | 2095000 | |
| 303 | Lawrence | Detached | 2-Storey | 4 | 5 | 2295000 | |
| 236 | St Leonards | Detached | 2-Storey | 4 | 5 | 2795000 | |
| 105 | Stratford | Detached | 2-Storey | 4 | 6 | 3250000 | |
| 62 | Glengowan | Detached | 2-Storey | 4 | 5 | 3350000 | |
| 142 | Rochester | Detached | 3-Storey | 5 | 4 | 1698000 | |
| 12 | Lawrence | Detached | 3-Storey | 5 | 5 | 1995000 | |
| 151 | Rochester | Detached | 2-Storey | 5 | 5 | 3249000 | |
| 164 | Rochester | Detached | 2-Storey | 5 | 5 | 3395000 | |
| 1 | Stratheden | Detached | 2-Storey | 5 | 7 | 5695000 | |
Typical new construction home being built in Lawrence Park