[URBAN NOTE] On the belated, but profitable, sale of 934 Ossington Avenue
I’ve passed 934 Ossington Avenue, located on Ossington just south of Dupont Street, innumerable times. In the past couple of years, it’s been in the news for the unfortunate fact that resident Allan Lanteigne was murdered there in March 2011. The entire sad murder case was covered extensively at Xtra!. Amy Dempsey’s Toronto Star article of the 22nd of February of this year provides a succinct summary of what’s believed to have happened.
The house where Allan Lanteigne was killed in March 2011 sits on a busy stretch of Ossington Ave. a few blocks northwest of Christie Pits Park. Police have released few details since the University of Toronto accounting clerk was found dead, but it is believed he was beaten to death.
Lanteigne had been living in the house since 2006, two years after he married Demitry Papasotiriou, a Greece-born Toronto lawyer. Papasotiriou, 33, co-owns the property with his aunt and uncle, who live in Manitoba. At the time of the murder, Lanteigne was living alone at the house. Papasotiriou had moved to Europe. According to friends and police, they were estranged.
Last November, more than a year and a half after Lanteigne’s death, police charged Papasotiriou with first-degree murder. Soon after, his business associate, Mladen “Michael” Ivezic, 52, was also charged with murder. Police have said Papasotiriou was in Europe at the time of the killing.
All of this came as a shock to Karin Horvath, a Toronto real estate agent who was the first to list the Ossington Ave. residence for sale in November 2011, eight months after the murder and a full year before her client, Papasotiriou, was charged.
Papasotiriou was still living in Europe when he and his aunt and uncle decided to list the property with Horvath. Before taking it on, Horvath did a Google search of the address to see if anything unusual came up. The murder was one of the first results. Horvath said Papasotiriou told her the victim was a tenant about whom he knew little. She said she had no idea he was actually married to Lanteigne.
Video of the home is still online courtesy of the realtor.
Comments, unsurprisingly, are disabled. Perhaps unsurprisingly, given the real estate market in Toronto, it eventually sold.
Two years after a Toronto man was murdered in an Ossington Ave. luxury home that belonged to his estranged husband, the property has sold for $900,000.
The buyers, a professional couple in their mid-30s, were aware of the home’s gruesome history and went for it anyway.
“It’s a great conversation piece,” says realtor Ali Ahmed, who represented them in the deal.
“No, I’m kidding,” he adds after a pause. “They are aware about the history and they’re not the superstitious type.”
After a four-month property hunt, the new owners of 934 Ossington Ave. snagged the three-storey, five-bedroom detached brick house for $50,000 shy of its most recent asking price and are set to take possession next month. Although they felt badly for the victim, the couple had no qualms about buying the place.
It took multiple listing agents, 16 months and a bit of a discount to sell the so-called “stigmatized property” — a blanket term used to describe homes with unfortunate histories that could affect their market potential.