After years of sizzling seller’s conditions, Toronto’s real estate market is finally cooling off. That means that even the most stunning homes in the most coveted neighbourhoods are selling for below asking these days – including these five properties, which recently sold for hundreds of thousands of dollars under asking.
Yonge and St. Clair – Fit for a family
109 Cottingham St. is situated in a family-friendly community, proximate to the Cottingham Junior Public School. The three-storey home has four oversized bedrooms, five bathrooms and a finished basement. It was listed for $2.749 million and sold for $2.5 million – $249,000 under asking.
Newtonbrook West – Staircase envy
This spacious, two-storey home at 19 Chelmsford Ave. has the makings of a luxury property. It includes four bedrooms, three bathrooms, soaring ceilings, a solarium with a walkout and a circular staircase. It was listed for $2.225 million and sold for $2.07 million. That’s $155,000 under asking.
Hillcrest Village – Window of opportunity
This bright condo at 613-89 Skymark Dr. boasts an unobstructed southwest view, lots of windows and a fresh paint job. The three-bedroom (plus den), three-bathroom property was listed for $1.488 million and sold for $1.35 million. That’s $138,000 under asking.
South Parkdale – Skylight zone
71 Cowan Ave. offers waterfront proximity and walk-outs to a balcony and spacious deck. The three-storey, five-bedroom and four-bathroom home also includes a skylight and finished basement with a separate entrance. It was listed for $1.849 million and sold for $1.725 million. That’s $124,000 under asking.
Woodland Hill – Rental potential
Located just outside Toronto, 127 Trailhead Ave. is a freshly-renovated, semi-detached home in a highly sought-after neighbourhood. It has four bedrooms, three bathrooms and a finished basement with suite potential. It was listed for $1.198 million and sold for $1.08 million – $118,000 under asking.