A four-bedroom home in Toronto’s Lawrence Park neighborhood attracted strong interest after being listed below the estimated market value. Priced under $3.5 million, the property drew about 60 visitors during showings and open houses, resulting in two competitive offers before the closing date. The winning bid exceeded the asking price by $56,112.

Real estate agent Andrew Ipekian, who represented the seller, said the pricing strategy was deliberate, based on comparisons with similar homes in the area near Yonge Street and Lawrence Avenue. “I’d gone to see other comparable homes that were available in the surrounding area, and made sure we were the better value,” he noted. Both offers received were unconditional, reflecting the home’s appeal.

The approximately 50-year-old house sits on a 60-by-147-foot lot and includes an attached garage. It features two rear exits leading to a tiled cement deck equipped with a gas fire pit. Renovations in recent years have updated several areas, including all five bathrooms. The eat-in kitchen was refreshed with two islands, stainless-steel appliances, and hardwood flooring.

Inside, the home offers a formal dining room nestled between two living spaces, each with a fireplace. The basement includes two recreation rooms and a fifth bedroom, providing additional space for family or guests. The interior was painted and professionally staged to highlight the property’s move-in readiness.

“The more turnkey you can make your house for someone who can move in with just their toothbrush, the easier it’s going to sell,” Ipekian explained, emphasizing the importance of presentation in attracting buyers.

Ipekian also underscored the enduring appeal of Lawrence Park as a community, citing its reputation for quality public and private schools. “The location in Lawrence Park is still – and probably always will be – highly desirable,” he said, adding that this factor contributed to the home’s strong performance in the market.

The sale demonstrates how strategic pricing combined with careful staging can generate competitive bidding, even in a premium Toronto neighborhood.