Buyer pays $97,000 over asking for Queensway townhouse

Globe and Mail

7 days ago

28 Market Garden Mews, Toronto
Asking price: $998,000 (March, 2025)
Selling price: $1,095,000 (April, 2025)
Previous selling price: $478,000 (March, 2010); $425,000 (May, 2008); $364,017 (October, 2006)
Taxes: $4,664 (2024)
Days on the market: Seven
Listing agents: Ken and Jaime Ramsay, Harvey Kalles Real Estate Ltd.
An asking price under $1-million for this three-bedroom townhouse caught the eye of about 20 buyers this April. It was the first home to come up for sale in several months in a small enclave south of The Queensway. Five bids were made, with one narrowly beating out competitors with an offer that added $97,000 to the asking price.
'This complex is one of the only freehold townhouse complexes in the area that doesn't have monthly fees, which was a big draw,' agent Ken Ramsay said.
'And it's at that $1-million threshold, which for a freehold townhouse, is the most affordable complex in Etobicoke that we know of,' co-listing agent Jaime Ramsay said.
The nearly 20-year-old property was also in excellent condition, with a new custom kitchen and an updated bathroom.
'The sellers took extremely good care of the house, and did lots of upgrades while they owned it,' Mr. Ramsay said.
'We went in to do some painting and full staging to elevate it even more.'
This three-storey townhouse has a street-level entrance and a front deck, as well as a rear deck above a garage that can be accessed through the finished basement.
On the main floor, there are open living and dining areas with nine-foot ceilings, and a custom kitchen refashioned with an island, quartz and porcelain tile finishes, stainless-steel appliances and a pantry.
The bedrooms are on the floors above, with the largest having a walk-in closet and a private bathroom.
'This complex really attracts people trying to move out of downtown condos and be in a convenient location,' said Ms. Ramsay.