East York ravine home sold in a day $286,000 over listing

Realtors are pondering the latest evidence of the home-buying mania that grips Toronto and area. It is the sale of 4 Trimontium Crescent on the Taylor Creek ravine in East York. The home sold for $1,645,000 — $286,000 over the listing price of $1,359,000. The story runs that the November sale had been preceded by some improvements the two-storey home, and a four-year period in which there was no turnover on the streets in the pleasant neighbourhood. Like many two-storey dwellings lining the short cul-de-sac, this one was built decades ago with an attached double garage, formal living and dining areas and rear eat-in kitchen and family room, both with access to a deck. It sold last in 2002 for $541,000. Quite an investment.