June 27, 2022

52 St. Georges Cres., Edmonton

Asking worth: $2,198,800 (February, 2021)

Earlier asking worth: $2.225-million (November, 2020)

Promoting worth: $2.05-million (December, 2021)

Earlier promoting worth: $2.2-million (2019); $700,000 (1991)

Taxes: $16,301 (2020)

Days available on the market: 381

Itemizing agent: Clare Packer, Re/Max Excellence

The home has 3,721 sq. ft of dwelling house in an L-shaped design, with formal dwelling and eating rooms.Re/Max Excellence

The motion

In 2019, a purchaser paid $2.2-million for this almost 100 yr previous home throughout from MacKinnon Ravine, however solely lived in it for a yr earlier than being transferred elsewhere for work. It was put again available on the market in late 2020 priced at $2.225-million however didn’t promote. The value was revised downward to $2,198,800 in February, 2021.

“Luxurious houses in Edmonton take time to promote,” agent Clare Packer mentioned.

“So, we imagine if we’re on the proper worth – even when we’re not getting affords and even when it takes a number of months – it doesn’t imply we have to preserve decreasing it to attract in a proposal.”

On this case, it took over a yr for a bid to materialize, although considerably beneath the asking worth however nonetheless sufficient to crack the $2-million degree.

“We’ve received referral companions in each Vancouver and Toronto, so these are the 2 primary areas the place we get out-of-town consumers for this worth vary,” Ms. Packer mentioned.

“However finally, it went to an area purchaser with some ties to Toronto.”

The sky-lit eat-in kitchen has stone counter tops and chrome steel home equipment, with doorways opening out to the patio.Re/Max Excellence

What they received

This home with 3,721 sq. ft of dwelling house has an L-shaped design, with formal dwelling and eating rooms, a separate examine, 5 bedrooms and a hidden loft accessed by a spiral staircase.

The sky-lit eat-in kitchen has stone counter tops and chrome steel home equipment, with doorways opening out to the patio. A two-sided hearth divides the kitchen and sunken household room.

There’s additionally {a partially} completed basement and a double storage. The home sits on a pie-shaped lot measuring 143-feet deep and 28-feet extensive out entrance.

A hidden loft is accessed by a spiral staircaseRe/Max Excellence

THE AGENT’S TAKE

“A number of the most costly actual property in Edmonton is on that single crescent,” Ms. Packer mentioned.

“It faces a pure river valley and ravine space, so nothing could be constructed to hinder that view.”

The home marries new and previous components, comparable to arched doorways and alcoves. “The property is an effective instance of methods to preserve Edmonton’s historic and charming, character houses as an alternative of demolishing them,” Ms. Packer mentioned.

The home marries new and previous components, comparable to arched doorways and alcoves.Re/Max Excellence

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