One of My Done Deals in the South Annex Was Featured in the Globe and Mail Today

April 19th, 2013


ASKING PRICE $1.05-million

SELLING PRICE $1-million

TAXES $5,167 (2012)


LISTING AGENTS Elli Davis, Royal LePage Real Estate Services Ltd.

CO-OP AGENT Noam Muscovitch, Royal LePage Real Estate Services Ltd.

The Action: This semi-detached heritage home was centrally located nearby eateries, entertainment and major educational intuitions, but some buyers couldn’t overlook the absence of a garage on the modest 20-by-95-foot lot, nor the steep ascension to the top floor.

During the course of a few weeks of marketing, there were two dozen showings and a price adjustment from $1.095-million to $1.05-million, which seduced a few buyers into drafting competing bids simultaneously.

What They Got: This 2,105-square-foot Victorian displays many of its late 19th-century trappings, such as a refurbished red brick façade, high ceilings, hardwood floors throughout, a fireplace in one of two entertaining areas and a separate dining area with side yard doors.

To address signs of aging, the roof and furnace were replaced; the galley kitchen was revamped with granite counters, pot lights and double garden doors; and a third bathroom was created off the master suite, which has a walk-in closet.

There are two second-floor bedrooms and a third-floor retreat naturally lit with a skylight and sliding doors to a two-tiered deck.

Storage areas include a 503-square-foot basement and parking off a laneway.

The Agent’s Take: “It’s was a great home with a lot of original detail, but it had a new kitchen and washroom,” says agent Elli Davis. “It was in move-in condition with a third floor that was added by the owner years ago.”

But more important, buyers liked local attractions. “It had a lot of activity because it was so close to Harbord Street and Spadina Avenue – to the university and to the great restaurants on Harbord Street,” Ms. Davis notes.

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