116 Mona Drive in Lawrence Park, Toronto, $2,895,000, sold or represented by Peter Torkan and Team Torkan.
A detached with 5 bedrooms and 5 bathrooms on a 50 x 200 foot lot. It traded in 2 days. A sale inside two weeks at this price point is the result of pricing from the right comparable set on day one and reaching the specific buyers active in the band before launch.
A garden suburb in the middle of the city, with the schools to match. The market is driven almost entirely by families moving up for schools. Fifty foot lots on St Leonards, Dawlish and Cheltenham have become the standard site for a new build of six to eight thousand square feet, and the new construction market here is among the most active in the city.
Peter has $15,765,000 in recorded sales in Lawrence Park alone, part of $2.6 billion in real estate sold and managed over twenty years. Figures as published in the Team Torkan notable sales portfolio; property details drawn from Toronto Regional Real Estate Board records where available.
