The three-bedroom townhouse is at the end of the row in a complex near Earlscourt Park.Harvey Kalles Real Estate Ltd.
51 Foundry Ave., No. 55, Toronto
Asking price: $869,900 (December, 2025)
Previous asking price: $899,000 (November, 2025)
Selling price: $830,000 (January, 2026)
Previous selling prices: $446,000 (May, 2014); $362,500 (July, 2011); $239,271 (December, 2007)
Taxes: $3,514 (2025)
Property days on market: 65
Listing agent: Ira Jelinek, Harvey Kalles Real Estate Ltd.
The main floor of the two-storey home has an updated kitchen.Harvey Kalles Real Estate Ltd.
The action
This three-bedroom townhouse was repainted and repaired late last year while the owner decided whether to look for a buyer or a renter. With no similar model for sale in the complex south of Earlscourt Park, agent Ira Jelinek convinced his client they had nothing to lose by listing it for sale.
“You don’t want to time the market and wait for a better time,” said Mr. Jelinek.
“As long as there’s not 20 others like yours on the market, then you’ve got to give it a shot.”
Listed with an asking price of $899,000 in November, they reduced the price by $29,100 in December. A few weeks later, a deal at $830,000 was agreed.
“It took a little time, but it wasn’t that bad,” Mr. Jelinek said. “It wasn’t that great either; it would be great to sell it in a week, but those days are gone. ‘Bad’ is [when] you’ve got to do multiple price reductions within six months.”
Open-concept living and dining areas occupy the main floor while there are three bedrooms and two full bathrooms on the second floor.Harvey Kalles Real Estate Ltd.
What they got
At the end of a row of stacked townhouses, this lower-level unit has a two-storey plan with its entrance off a courtyard, windows on three sides and a private patio.
The main floor has an updated kitchen and open-concept living and dining areas.
A separate den can double as a fourth bedroom.
There are three bedrooms and two full bathrooms on the second level.
The unit has an underground parking space and a storage locker. Monthly fees of $696 include water costs.
The unit includes a private patio.Harvey Kalles Real Estate Ltd.
The agent’s take
“This was one of the larger units,” Mr. Jelinek said.
“You’re getting four bedrooms for $830,000 in a pretty central location in the city.”