This Trinity Bellwoods home has been listed 7 times. Now, at $1.9 million, will it finally sell?
The recent renovated property is in the sought-after Trinity-Bellwoods area — an interesting discovery given it’s listing history.
By Dorcas Marfo Staff Reporter Wed., March 23, 2022 (2 min. read)
Listed seven times in the past two years, this Trinity Bellwoods house has just hit the market, again — for the eighth time.
Now, its price tag reads $1,998,000.
On the market since 2020, this three-bedroom, four-bathroom spot at 94 Argyle St. is located in the busy, central area of Ossington Avenue and Queen Street West.
The 2,135-square-foot house was sold during construction in 2019 for $1,125,000. The property has since has been listed over and over again, with the the highest ask at $2,757,000.
“Originally, it was priced a little bit too high at the time. But now we feel like we are priced right. The market is still relatively hot here in Toronto,” property realtor Kyle Bridson said.
He adds that it has the “stigma,” of sitting too long and too many times on the market.
But he’s confident this won’t impact any offers going forward.
The property was built from the ground up, and fashioned a new renovation in 2019 after a fire damaged the property and the stretch of houses with it, says Bridson. He says it’s a “beautiful” property that boasts features not typically seen in the city.
“It has soaring 13-foot ceilings. It also has a low maintenance, front-end backyard facing north, you get that southern sun coming in down on you,” he said, adding that it also has a laneway garage.
“So it has the potential for another income generating property, or maybe a property for your children or your elderly parents to live in,” said Bridson.
David Sussman, a realtor and Toronto Real Estate Board member, agrees that there’s opportunity to generate income with its rentable basement.
“A lot of the newer townhouses, downtown, they’re doing this, which is great, because if you don’t want to live in a condo, you can live in a small sort of basement apartment like this. So you build one house, and you get two sort of housing units,” said Sussman.
Sussman notes that the laneway garage is a promising feature and selling point as parking in downtown proves to be difficult. Transit, like the TTC, is also steps away.
“All you need is that one person with you know, two and a half-million dollars burning a hole in their pocket,” said Sussman, “They should be able to sell it. It’s a great area, people like it and it looks like they’ve done a good job with their rebuild.”
With Osler Park and Trinity-Bellwoods Park nearby, the property’s review date stands on March 28. Bridson, and his fresh pair of eyes as the current relator, is hoping that he’ll witness this two-year listing off the market.