A nonconforming triplex located at 89 Walker Ave. in Toronto's Summerhill neighbourhood sold quickly, in just four days, for slightly under its asking price. This indicates a market where buyers are active and making offers, but are still seeking deals.
Summerhill triplex sells quickly but slightly under asking
Toronto
AI Summary
TL;DR: Key points with love ❤️A nonconforming triplex located at 89 Walker Ave. in Toronto's Summerhill neighbourhood sold quickly, in just four days, for slightly under its asking price. This indicates a market where buyers are active and making offers, but are still seeking deals.
- 1 August 2002: Property sold for $610,000.
- 2 January 2005: Property sold for $880,000.
- 3 June 2016: Property sold for $2,001,000.
- 4 May 2025: Property listed for $2,595,000 and sold for $2,575,000 in four days.
- The property was sold quickly, indicating buyer activity in the market.
- The buyer plans to convert the triplex into a single-family home.
What: The quick sale of a nonconforming triplex at 89 Walker Ave. in Toronto's Summerhill neighbourhood.
When: May 2025 (listing and selling dates); June 2016, January 2005, August 2002 (previous sales).
Where: 89 Walker Ave., Summerhill, Toronto, off Yonge Street south of St. Clair Avenue.
Why: The property was priced to sell, attracting a quick offer from a buyer who was looking for a deal in the current market.
How: The property was listed for $2,595,000 and sold for $2,575,000 within four days. A second offer arrived too late. The buyer plans to convert the triplex back into a single-family home.