House of the Week: $3.3 million for a giant two-bedroom home in Thorncrest

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Published on: October 21, 2015

Address: 1 Friar’s Lane
Neighbourhood: Thorncrest
Agent: Judy Hendler, Elise Kalles and David Oey, Harvey Kalles Real Estate Ltd., Brokerage
Price: $3,250,000

The place: A renovated two-bedroom on a private Thorncrest side road.

The history: Known as the Palermo estate, the property is one of the original homes from Thorncrest’s earliest days, in the mid-1940s. The seller bought the house a little over three years ago. He commissioned a design from architect Rocco Margana and began renovating from the ground up. By the end, he’d converted the former four-bedroom into a two-bedroom home with a luxury office.

Big selling point: The location is perfect for a jet-setter with a strong backswing. It’s fifteen minutes away from Pearson and within a nine iron’s drive of three ritzy golf clubs: St. George’s, Lambton, and Islington. Also, for an extra $750,000, the seller will throw in all the art and furnishings.

Possible deal breaker: The layout isn’t ideal for family living, but the enormous basement rec room could be converted into two additional bedrooms.

By the numbers:

• $3,250,000
• $15,190.48 in taxes (2015)
• 5900 square feet
• 4 bathrooms
• 3 parking spaces
• 2 bedrooms
• 2 kitchens
• 1 elevator

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This property has almost 6,000 square feet of living space.

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The living room has a large, curved window.

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The owner is willing to throw in all the art and furnishings for an extra $750,000—a perfect way to kickstart your collection of artisanal glassware.

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The dining room seats at least eight.

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The owner carved this ridiculously spacious home office out of what used to be a four-bedroom floor plan.

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And here’s the kitchen.

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No home this size would be complete without an elevator running between all three floors.

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There are two bedrooms on the second floor of the house.

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Also on the second floor: this sitting area.

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Here’s the main second-floor bathroom.

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And here’s the master bedroom, which has its own balcony overlooking the backyard.

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The master bedroom also has this walk-in closet.

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And here’s a better look at the balcony.

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The other bedroom is a little smaller.

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The basement rec room looks like it was designed by Piet Mondrian after someone fed him a pot brownie. We like it.

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Astroturf means never needing to own a sprinkler.

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And there’s a pool.

Article source: http://torontolife.com/real-estate/houses/toronto-house-for-sale-1-friars-lane/

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