THE BUYERS: Connie Sarvanandan, a 51-year-old real estate agent, and Francis Michaud, 45, chief financial officer of a media company, flanked by their kids Maya, 16, and Logan, 14.
THE STORY: The Sarvanandan-Michaud family live in a five-bed, five-bath detached in North York that they bought in 2013. Francis and Connie had been planning to downsize once the kids went off to university, but with property prices climbing, they decided to mobilize sooner. Last summer, they set a budget of $2 million and started searching for a three-bedroom near Yonge and Eglinton, which they figured they could rent to help cover the mortgage until the kids moved out.
OPTION 1
SHERWOOD AVENUE
near Mount Pleasant and Eglinton
Listed at $1,550,000
Sold for $1,485,000
In early August, Francis and Connie viewed…
