AND IT WENT FOR - 46 Herbert Avenue - BEACHES, TORONTO
A little over 3 years ago, I posted this 4+1 bedroom, 5 bathroom house on a 25 x 123 foot lot with 2 parking spots at 46 Herbert Avenue in the Beaches.
It was a house that used to look like this…
I mentioned that it reminded me a lot of the house at 4 Lennox Street in Harbord Village...
According to the listing, it was designed by German architect Felix Leicher who also designed a semi at 34 Louvain Avenue in Leslieville that was the Globe and Mail Home of the Week in October 2015...
I am pretty sure he wasn’t the designer for the house at 4 Lennox Street but the wood cladding was similar as were the stairs. Here are the stairs of that house…
And here are the stairs of this house…
And like the Lennox house, I really liked this house.
It was listed at $2,099,000. I thought it would sell closer to $2,325,000. It sold for $2,060,000.
Three years later, it was back on the market with a new garage, new paint, and a new backyard. The asking price was $2,588,000 which was basically an 8% increase in compounded interest that I thought may be too high for the Beaches.
It didn’t sell and the price was dropped a few weeks later to $2,495,000.
Two weeks ago, I posted another price drop to $2,299,999.
But what I didn’t know is that not only did this have a price drop, it also had a new agent.
And when I posted it 4 days after that drop, it had already sold. According to the Toronto Life feature posted yesterday about it that I learned about on Instagram…
It also had a new marketing video called ‘Fur-Ever Herbert’…
And as I said, this house sold in 2 days so I guess it worked.
The selling price for this house was…
$2,430,000.
Or just under an increase of 6% in annual compounded interest. Sounds about right for the Beaches right now.
