Keller Williams Referred Urban Realty
152 Stanley Ave., Toronto
Asking price: $1,698,000 (Late November, 2024)
Previous asking prices: $1,898,000 (Early November, 2024); $1,998,000 (October, 2024)
Selling price: $1,726,000 (December, 2024)
Previous selling price: $1.35-million (March, 2017)
Taxes: $6,888 (2024)
Property days on market: 45
Listing agent: Andrew Ipekian, Keller Williams Referred Urban Realty
The action
The listing got two price cuts in an attempt to reignite buyer interest.Keller Williams Referred Urban Realty
An offer came in last fall for this three-bedroom house near Mimico GO station, but the deal soon fell apart. The property was then relisted with $100,000 cut from the asking price to reignite buyer interest. It took yet another, deeper cut, this time $200,000 off, to create the desired effect. A visitor who had previously toured the house came back with an offer $28,000 over the last asking price.
“If you saw the house initially at a higher price, clearly you liked the house,” said agent Andrew Ipekian, “and if the price drops and essentially goes on sale, and you see it’s a good deal, most people will act on that.
“Much like people who go to a store looking at a suit or dress at regular price, if it goes on sale, they’ll probably take it. It’s the same mindset.”
What they got
The house has a sunken living room with a fireplace and an exit to a deck.Keller Williams Referred Urban Realty
This two-storey house was built in 2016 with a brick façade, floor-to-ceiling windows and a front balcony above the garage.
Inside, the dining area lies between a stylish kitchen and a sunken living room with a fireplace and an exit to a deck.
A recreation area downstairs, which has open of the home’s three bathrooms, has separate access to the rear of the 25- by 126-foot lot.
The agent’s take
The house has three bedrooms, and is located near the Mimico GO station.Keller Williams Referred Urban Realty
“It looked like it was brand new, and that’s a testament to the quality of the build,” said Mr. Ipekian.
“It has a great room/living room with ceilings over 11 feet, which made it extremely bright and airy. Its close proximity to the GO station was invaluable to a lot of potential buyers,” Mr. Ipekian said.
“It’s close to many shops and restaurants off Royal York [Road], so the walkability was important, and of course, being close to the lake was also important.”