A semi-detached house in North York, Toronto, with a newly built laneway suite, sold for $1.66 million in March 2025, slightly below the asking price of $1.75 million. This two-bedroom house, built in 1932, is located on a 20x125 foot lot.
The property was listed by Dino Capocci of Royal LePage Real Estate Services Ltd. It was on the market for six days and attracted nearly 50 potential buyers. The final price was $90,000 under the asking price. The previous selling price (April 2021) was $1.362 million. The annual property tax is $8,476.
The agent, Dino Capocci, highlighted the property's unique laneway suite as a key factor in its appeal, emphasizing its potential for guest accommodation, rental income, or use as a home office. The house's location in the highly sought-after John Wanless school district was also noted as a significant draw for buyers.
245 Woburn Ave., Toronto
Asking price: $1.75-million (March, 2025)
Selling price: $1.66-million (March, 2025)
Previous selling price: $1.362-million (April, 2021)
Taxes: $8,476 (2025)
Days on the market: six
Listing agent: Dino Capocci, Royal LePage Real Estate Services Ltd.
Agent Dino Capocci has listed countless properties near Lawrence Avenue, between Yonge Street and Avenue Road, but this semi-detached house was his first with a suite above the garage, complete with a kitchen and bathroom. The prices for standard semi-detached houses in the area hovered around $1.3-million, so he gave this one a higher starting point at $1.75-million.
“This was unique because it actually has a real laneway house up, and we see a lot of listings with ‘potential’ laneway [houses],” Mr. Capocci said.
“We didn’t go low and set an offer date because we’d seen a lot of people fail with that.”
Nearly 50 guests toured the property before one buyer made an offer. The final purchase price came in $90,000 under asking.
“It is only a two-bedroom semi, [but] there’s a roughly $500,000 garage with a beautiful suite upstairs that’s only one year old,” Mr. Capocci said.
“You have that option of using it as a guest suite for people visiting or the potential to rent it out. Or you could do live/work from home and use it as an office.”
The main two-storey structure on a 20-by 125-foot lot was built in 1932.
The main two storeys have been thoroughly modernized, though the basement is unfinished. There are open concept living and dining areas and an updated kitchen with quartz countertops and stainless steel appliances.
The main floor has a small, secondary bathroom, and a family room with a second fireplace, skylight, and a back door to a south-facing deck.
“It’s in a very high-demand area with great schools,” Mr. Capocci said.
“The John Wanless school district always attracts attention.”
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