Toronto semi on a busy street juggles price tags to find the right buyer

Open this photo in gallery:This semi-detached house has a south-facing patio, a garage and a mutual driveway.The Weir TeamShareSave for laterPlease log in to bookmark this story.Log InCreate Free Account157 Mortimer Ave., Toronto Asking price: $969,900 (December, 2025)Previous asking prices: $999,000 (Oct. 22); $849,000 (Oct. 15)Selling price: $950,000 (January, 2026)Previous selling prices: $392,500 (November, 2010); $272,500 (September, 2005) Taxes: $4,569 (2025)Property days on market: 85 Listing agent: Réjean Marchildon, The Weir Team Open this photo in gallery:The kitchen has granite countertops and stainless-steel appliances.The Weir TeamThe actionThis semi-detached house, a few blocks north of the Danforth, was originally listed with an asking price of $849,000, though the sellers felt its true value was substantially higher. It got multiple offers, but none were deemed acceptable. The asking price was then bumped up to $999,000. Several new offers came in, better than the first round, but none survived to closing. The asking price was then reduced by $29,100 and a buyer finally cemented a deal for $950,000. “It took a while to drop the price only because we were still getting a bunch of showings weekly, like five to 10,” said agent Réjean Marchildon. “In this market, people are in no rush, and there’s no fear that prices are going up any time soon. People can be extremely picky and just keep waiting and waiting.” The sellers also appreciated that the 100-year-old property on a busy street might need more time to find the right buyer.“We made it look much nicer – we painted it up and down and put a new roof on – but it was still dated inside,” Mr. Marchildon said. “This house is also on a busier street, but it’s factored into the price. It would be another $150,000 if it were on a side street nearby.”Open this photo in gallery:The two-storey house sold for $950,000.The Weir TeamWhat they gotThis two-storey house has three bedrooms, two full bathrooms and living and dining areas. The kitchen has granite countertops and stainless-steel appliances. A mud room has access to a recreation area in the basement, as well as a south-facing patio and garage on the 23- by 92-foot lot. Open this photo in gallery:The Weir TeamThe agent’s take“It was a pretty wide semi,” said Mr. Marchildon. “It has a mutual driveway, which is tight, but you can get a car back there for parking.”

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