For Lawrence Park neighbourhood highlights, click here.
2900 Yonge Street, Suite no. 202, is an exceptionally well designed apartment in "The Muir Park". It combines condominium living with the feel of a perfect bungalow. At 2,667 square feet, as per floor plan, there is ample room for entertaining. There are 2 bedrooms and a library. The split bedroom plan ensures privacy for you and your guests. A sunroom captures the north west light.
The Residences of Muir Park were completed in 1987. From the beginning, this condominium development has been a destination address for empty nesters in Lawrence Park and Lytton Park. The building's location, design excellence and proximity to public transit and shopping of all kinds will ensure it remains top of mind for neighbourhood homeowners ready to embrace the convenience of condominium apartment living.
• 2 bedroom (split plan), library and sunroom
• 2,667 square feet as per Accuplan Inc. floor plan
• 2 parking spots and a locker on the same level as the apartment
• Close to Lawrence subway station and Yonge Street shopping
• Across the street from Alexander Muir Gardens and George Locke library
For information on sale prices at 20 Scrivener Square, contact me.
20 Scrivener Square
%age of Sales Price to Listing Price
Days on Market
In 2014, 7 sales took place at 20 Scrivener Square, as opposed to 5 in 2013, a difference of 29%. The 2014 average sale price was $793,000. This marks a 9% reduction from the previous year’s average of $869,000. (Note that this price is based on a small number of samples and should not be taken as a predictor of future performance.) The number of days an apartment took to sell decreased from 9 to 8. This, coupled with a constant 101% sales-to-listing price ratio, indicates a strong Seller’s market for Thornwood I.
For Scrivener Square neghbourhood highlights, click here.
3rd quarter 2014 sales in North Toronto continued to be strong, as compared to the same quarter in 2013. The number of new houses for sale decreased, as did the number of homes that were active in the market place. The scarcity of inventory was reflected in the average sale price, which went up by 6% to $1.2 million. Buyer eagerness was also seen in the number of days on market, which went down from 26 to 23. It should be noted that the $1 million milestone, formerly a hallmark of luxury real estate, is now emerging as the "price of admission" for a home in North Toronto.
If you already own a condominium property in Toronto, think back to when you bought it. Chances are your Agent drafted an Offer that contained a condition on your being satisfied with the Status Package and related documents. Typically this clause gave you and your advisors 10 business days to requisition this paperwork from the Condominium Corporation. You and your advisors then had 48 hours from receipt of same to be satisfied with the contents. If you were happy, you signed a Waiver document and the deal became firm and binding. If for any reason you were not satisfied, you would not have executed a Waiver document, walked away from the deal and the Seller would have had to re-market his property. This process worked well for you as a Buyer and not so well for the Seller.
Now that you are a Seller, let us consider how to modify the traditional selling protocol to benefit you:
1) Have the Status Package in hand before the first prospect sees your property.
2) Set a date and time for review of offers (4 or 5 business days from the start of showings).
3) Instruct prospects to submit unconditional offers only.
4) Insist that the deposit in the Offer be a bank draft for 10% of the purchase price.
The impact for you the Seller of the above modifications to traditional process are:
1) Anyone planning on making an Offer can be given the Status Package ahead of your offer date, thereby enabling them to be satisfied with same, making their Offer unconditional.
2) In addition to facilitating the creation of unconditional offers, a tender date gives Buyers the luxury of time to consider and plan other aspects of their potential purchase.
3) If you have more than one Offer to consider, you will be able to accept the best one without worrying it may fall apart later if your Buyer does not waive his condition.
4) 10% of purchase price bank draft deposits are excellent insurance that the Agreement will close as scheduled.
These simple changes to the selling process will give you as a Seller more comfort and security. Ask your Agent how best to incorporate them into a marketing plan.
Best Wishes for Success,
Governor's Bridge Real Estate
Governor's Bridge: The Neighbourhood in the Park
For information on Governor's Bridge properties for sale, contact me.
To search for detached houses in Governor's Bridge, click here.
To search for condominiums near Governor's Bridge, click here.
In 1912, Toronto lawyers William Douglas and Wallace Nesbitt subdivided the area that was to become Governor’s Bridge. Real estate development began after 1923, when a bridge spanning Moore Park Ravine connected the subdivision with Rosedale and the rest of the city. The bridge and the neighbourhood were named “Governor’s Bridge” in honor of the Lieutenant-Governor of Ontario’s nearby residence at Chorley Park. Approximately one hundred and fifteen homes were built, many of them in the then-popular Spanish architectural style. For this reason, the new development was nicknamed “Little Hollywood”.
In 1959, a developer named Harry Frimerman began constructing a set of apartment buildings on the east side of Governor’s Bridge. Outraged local residents demanded that the area be preserved as parkland. When the city refused to provide water and sewage service to the apartments, construction was stopped. The half-constructed six-storey buildings, known as the “Bayview Ghost” stood abandoned for the next twenty years. In 1981, the area was rezoned for single family housing and is now home to a new development called Governor’s Bridge Estates.
Governor’s Bridge is located in the north-east section of Rosedale. It is bordered by Moore Park Ravine to the west and Don Valley Brickworks Park to the south. The Canadian Pacific railway tracks and Bayview Avenue form its north and east borders respectively. Governor’s Bridge is reachable from the west by the Governor’s Road bridge. Bayview Avenue can be accessed from Nesbitt Drive, leading to the Don Valley Parkway and downtown. From Rosedale subway station, the no. 82 bus travels to Summerhill Avenue and Douglas Drive, a short walk from the Governor's Road bridge.
The original Spanish-style bungalows have been renovated or replaced by newer homes in a variety of architectural styles. However, the neighbourhood’s generous lot sizes and mature trees enable the new homes to sit comfortably with the old. Since Governor’s Bridge consists of just five streets, only a few homes are on the market at any given time. This exclusivity is reflected in the cost of homes. In 2014, house prices ranged from below $900,000 to above $2.5 million, with an average of $1.7 million.
A small shopping strip located on Summerhill Avenue east of Mount Pleasant Road includes a supermarket and a bank branch. Further north, both Mount Pleasant Road and Bayview Avenue, between Davisville Avenue and Eglinton Avenue East, are home to restaurants, bookstores, antique stores, bakeries, and cafes.
Governor’s Bridge is surrounded on two sides by green space. To the west is Moore Park Ravine, including the Belt Line nature trail. To the south is the Don Valley Brick Works Park. The park is a 40-acre naturalist’s paradise, serving as home to many species of wildlife. A summer walk may include sightings of duck, heron, songbirds, turtles and fish. Inside the park, The Evergreen Brick Works is located on the site of the former Don Valley Brick Works. This complex of restored heritage buildings offers a year-round farmer’s market, children’s day camps and activities, exercise classes, and a bicycle repair workshop.
Governor’s Bridge is an ideal choice for those who wish to combine the peace of a small, parkland community with the advantages of city life.
The Toronto neighbourhood map displayed on this website was published in “Your Guide to Toronto Neighbourhoods”, is copyright Maple Tree Publishing and has been reproduced by the Toronto Real Estate Board under license.
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