Lawn sign draws buyers to King West townhouse

140 Bathurst St., TH 9, Toronto

Asking price: $1,379,900 (Late June, 2022)

Previous asking price: $1,398,000 (Early June)

Selling price: $1,365,000 (July, 2022)

Previous selling prices: $1,025,000 (December, 2018); $700,000 (July, 2016); $377,000 (January, 2007); $260,000 (August, 2001); $248,755 (January, 2001)

Taxes: $3,608 (2022)

Days on the market: 21

Listing agent: Christopher Bibby, Re/Max Hallmark Bibby Group Realty

The action

Agent Christopher Bibby used all the modern social media techniques to attract buyers to this three-bedroom townhouse, but it was an old-fashion lawn sign that brought many house hunters to its front door off Bathurst Street.

“With condominiums in general, we’re never allowed ‘For sale’ signs, so the fact this had a front garden, we were able to put a sign out front,” Mr. Bibby said.

“Having a ‘For Sale’ sign right on Bathurst and Adelaide [streets] brought a lot of visibility to the unit.”

After a slow start on the market, the asking price was lowered by $18,100. It took another couple of weeks to bring in a solid offer, another $14,900 under the reduced asking price.

“The housing market started to see a decline, so a lot of people who might have gone after something like this saw prices ease up on the freehold side,” Mr. Bibby said.

“We did a minor reduction to $1,379,900 to give the property a refresh and that ended up triggering a handful of showings, so we were quite busy, and it ended up leading towards this offer.”

What they got

This 1,400-square-foot townhouse is part of Adelaide Square, which combines a mid-rise building and several three-storey townhouses. This unit is one of two with west-facing back yards.

Inside, living and dining areas have hardwood floors and the updated kitchen is equipped with stainless steel appliances.

The primary bedroom occupies the third floor, complete with a sundeck and one of three bathrooms.

The basement provides access to parking in a garage and recreational amenities in the adjacent building.

Monthly fees are $759 including utilities.

The agent’s take

“It felt like a semi-detached house, but it was still connected to the condo corporation,” Mr. Bibby said.

“There’s nothing quite like this.”