Finance

Toronto Home Breaks Records: Sells for $100K Over Asking Price!

2025-07-09

Author: Charlotte

Dream Home at 1A Bowmore Rd. Hits the Market

Imagine finding a charming two-bedroom haven in Toronto that not only meets your needs but also exceeds all expectations! Located at 1A Bowmore Rd., this stunning property recently made waves by selling for an astonishing $1,389,000—$100,000 over the asking price of $1,289,000.

A Glimpse into the Past

This lovely home has quite a history, having been purchased for just $305,000 back in February 1990. Now, with taxes hitting $5,444 for 2025, it’s evident that the real estate market is booming!

Quick Success in a Unique Listing

With just two days on the market, this gem attracted attention like a magnet despite its atypical features—a single bathroom and a lot that backs onto a cemetery. Traditional buyers might view these as drawbacks, but for many, it was all part of the charm.

A Cozy Retreat with Unique Appeal

Listing agent Kimmé Myles from Sotheby’s International Realty Canada shared insights into the property’s allure. The home’s downward grading creates a perception of a lower level, but it’s the serene cul-de-sac location that truly won over buyers.  Surprisingly, the interest came mainly from young families and first-time buyers rather than builders.

Inside the Gorgeous Spaces

What buyers landed was a beautifully updated 70-year-old house, boasting 1,638 square feet across two levels. A complete renovation in 2016 modernized the home with new wiring, plumbing, and heated flooring in the foyer and bathroom.

Cottage Vibes in the City

The reimagined kitchen flows seamlessly into the principal room that features jaw-dropping 12-foot ceilings, cozy gas fireplace, and access to a lovely rear deck. The lower level offers a den and two bedrooms that open onto a private patio, complete with a gate leading to a refreshing saltwater pool.

An Inviting Atmosphere

Myles emphasizes that the home isn’t just another cookie-cutter renovation. It maintains a woodsy charm with beautiful oak hardwood flooring, giving it a beach-like, almost cottage feel amidst the urban landscape. It’s a special place that resonates with families looking for more than just a house; they’re searching for a home.