Super, Smoking-Hot Property at Bloor and Yonge, City of Toronto

Location: 29A Gloucester St.,

Bloor and Yonge Streets

3 story open design with roof terrace

Vaulted ceilings with 3 story atrium

Back yard connecting a 2 car garage

South facing, steps to Yonge Street

Asking price: $1,995,000

Selling price: $2,000,000

Previous selling price: $327,000 (2000)

Size: about 2100 sq. ft., not including a 380 sq. ft. fully finished basement

Lot: 19-by-85 feet, two-car detached garage, private shared drive

Taxes: $6,676 (2017)

Bedrooms: 2

This hot property sold for an astounding $2,000,000, 103 per cent of the asking price, with negotiations commencing the day the sign went up advertising “Coming Soon to the MLS”. Sold pursuant to a bully preemptive offer, this property did not fail to meet anyone’s expectations. Rarely coming to market, the last of these freehold townhouses sold in June 2015 for $1,300,000, $100,000 over ask in two days, again on a bully offer. Considering the 35% gain in 3 years, what makes these properties so incredibly attractive?

Scarcity of the units being only 8 available would help determine price. However, this four-story row townhouse end unit features a three-story vault from the living room to the master bedroom on the third floor, accentuated by matching windows extending the full three stories. Built in 1977, the interiors were modern taking inspiration from Frank Lloyd Wright.

The fireplaces in the main floor living room and second floor family room are connected with a stylish interior chimney extending up to and through the vaulted ceilings on the third floor.

The updated galley kitchen divides the living room at the front and the dining room at the rear and boasts new stainless-steel appliances and granite throughout. The dining room faces south over a small garden that separates the townhome from a generous two car garage off a shared private laneway.

Both the family room and the second bedroom on the second floor share a generous four-piece bath. The master is open concept with a five-piece bath including an oversize jacuzzi tub and skylights generously provide accent lighting throughout.

The building is walking distance to Yorkville where the latest cafes, restaurants, shops, businesses and a grocery stores are available. It is steps to a park, walking distance to downtown, has plenty of guest parking available and enjoys the feeling of bring in a true community in the core of Toronto.

The property includes a roof top south facing deck with unobstructed views both to the south and the east, a new hot tub in the rear yard and a fully finished basement including a washroom.

With hardwood throughout, the finishes are becoming a modern masterpiece nestled behind an unassuming façade, 100 yards from Yonge St.

Truly this was a hot property.

Listing agent: Graham F. Alloway, Broker of Record, ReaLawState Realty Brokerage Inc., 416-443-9000;