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Real Estate

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House of the Week: $2.4 million for a 90-year-old home with a pool and a yoga studio

House of the Week: 367 Walmer Road

Address: 367 Walmer Road
Neighbourhood: Casa Loma
Agent: Trish Bongard Godfrey, Bosley Real Estate
Price: $2,399,000

The Place: A well-preserved family home with a big backyard just down the street from Casa Loma.

Bragging Rights: Toronto Maple Leafs fans (and bandwagon jumpers) can boast that this home was designed by architecture firm Waters and Wilkes, whose principal Mackenzie Waters worked on Maple Leaf Gardens.

Big Selling Point: You can bid adieu to the sweaty machine-hogs at the gym. The yoga studio above the garage lets you do your downward dogs in private, while the backyard has a 45-foot-long pool, plus a hot tub for soothing sore muscles.

Possible Deal Breaker: The focal point of the front yard is a gorgeous magnolia tree—which means, one week a year, you’ll go crazy trying to keep the walkway clear of blossoms.

By the Numbers:
• $2,399,000
• $9,447.18 in taxes (2012)
• 89 years young
• 50-foot-by-178-foot lot
• 45’ pool
• 5 bedrooms
• 4 bathrooms
• 1 hot tub

  • SirWanker

    The Good – great location, gorgeous exterior and to a certain extent livingroom/dining room
    The Bad and Ugly- ummm very dated bathrooms, hideous dated kitchen, afraid to even guess at what era the house mechanicals are from….likely dated and not in a good way?

    The Realtor – great presentation in promoting the positives of the house, floor plans available.

  • gerardb

    I couldn’t agree more. Even looking at the few images: 1st though, new kitchen. 2nd thought new master ensuite. I guess those can be expected when all one is only laying down is a paltry $2.4 million. Does simply living in that part of the city justify the price? How fast it sells will tell. Worst presentation I’ve seen here, by far.

  • 70to73

    Reminds me of “The Picture of Dorian Gray”. Almost handsome and appealing enough on the outside to distract you from the interior flaws- no main floor family room, no bathroom on first or third floor, little storage, existing baths not only dated but cramped. Kitchen in more or less original condition but it seems as though it would be costly to make this space functional. Would reno cost price a buyer off the street? I am still trying to figure out why biggest, brightest space is off the master. While most buyers seek a family room, a yoga studio is rarely a “must have”. I wonder too about age of landscaping- though main selling feature- will pool need to be resurfaced (there are blotchy bits)? Will maturing trees push up brick work (driveway is bumpy)? What is gardening cost and sprinkler-system situation? Love the magnolia but maybe pretty plants and trees cost less than this reno?

 

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