Sale of the Week: The $3.8-million Baby Point mini-mansion that took a year to sell

Sale of the Week: The $3.8-million Baby Point mini-mansion that took a year to sell

A recent sold listing at 57 Baby Point Crescent appeared as a "Sale of the Week" feature at Toronto Life. The mini-mansion had an initial problem selling, but SilverBURTNICK & associates jumped in to save the day. Check out all the information about it here, or read the original article.

Address: 57 Baby Point Crescent
Neighbourhood: Humberside
Agents: Jim Burtnick and Richard Silver, Sotheby’s International Realty Canada, Brokerage
Previously sold for: $2,800,000, in 2010, prior to renovations

Listed at: $3,988,000
Sold for: $3,820,000

The property

A large, four-bedroom home on the Humber River, with an indoor pool in the basement.

The history

The sellers bought the house for under $3 million in 2010 and then did extensive renovations, including a kitchen upgrade in 2012. Now, with their adult children living elsewhere, they’ve decided to downsize.

The fate

The buyers were looking for a good neighbourhood for raising a child. The upscale Baby Point enclave offers privacy and recreation, with access to the Humber River trail.

The sale

The home was originally listed for sale in the spring of 2018 for more than $4.2 million, but it failed to move, and the sellers eventually hired a different brokerage. They brought in a professional declutterer, a stager, a painter and a new photographer, and they dropped the asking price by $262,000. When they relisted, in March, there were a few offers, but the sellers held out for more money, which they finally got in June.

By the numbers

• $3,820,000
• $21,083 in taxes (approximately)
• 7,733 square feet (including the basement)
• 84 days on MLS (in 2019)
• 7 bathrooms
• 6 parking spaces
• 4 bedrooms
• 2-car garage

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