Toronto Beaches home sells in one day for $415,000 over asking

The Beaches is a highly desirable Toronto neighbourhood, and new buyers are willing to pay way over the asking price to live there.

A four-bedroom home at 38 Elmer Avenue hit the market this month with an asking price of $1,599,900. The Toronto Beaches home sold the very next day for $2,015,000 — a whopping $415,100 over asking.

Verity Real Estate

Verity Real Estate

For that price, the house has just about everything you’d want a $2 million home to have. There are high ceilings with exposed reclaimed wood beams, an open kitchen with a large island and wine fridge, four bathrooms (including a five-piece primary bathroom), and a large backyard with a deck.

Verity Real Estate

Verity Real Estate

It also has a finished basement with its own bathroom, so there’s even more livable space.

Verity Real Estate

Perhaps one of the coolest features, is the tiling in one of the bathrooms covered in different graffiti prints.

Verity Real Estate

• See also:
  • Dated Toronto condo sells $170K under asking after substantial price drop
  • Downtown Toronto to get three transit community hubs along Ontario Line
  • Canadian home prices to become even less affordable this year

Verity Real Estate

The house is just south of Kingston Road, so it’s close to amenities along the main roads while being just a short trip south to Woodbine Beach.

Verity Real Estate

According to Zolo MLS data, the property last sold in 2012 for $1,199,000, meaning the sellers turned a sizeable profit in less than 10 years.