Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Annex rental property offers option to convert to private home Add to ...

7 MAJOR ST., TORONTO

ASKING PRICE $899,000

SELLING PRICE $893,000

TAXES $4,943 (2012)

DAYS ON THE MARKET Eight

LISTING AGENTS Nancy, Elden and Daniel Freeman and Randi Kwinta, Freeman Real Estate Ltd.

The Action: Late last summer, this semi-detached Victorian was one of few income properties available in the Annex, so nearly 20 private showings and several public and agents-only open houses were promptly carried out. Offers were accepted at any time, provided the out-of-town seller had 48 hours to review the buyer’s terms.

More Related to this Story

What They Got: Filling out a 17-by-95-foot lot is this more than century-old structure with two separate apartments, private patio and two-car laneway parking.

Inside, the two-storey owner’s suite retains its main-floor living room with a gas fireplace and dining room, but the seller remodelled the kitchen with a rare powder room, granite and stainless steel finishes, rear entry and stairwell to the basement, which was dug out to create over seven-foot ceilings in the second bathroom and two bedrooms with walk-in closets.

The second floor features a compact two-bedroom apartment with separate entertaining area, kitchen and bathroom.

The Agent’s Take: “It’s an excellent location near College and Spadina. It wasn’t too far north of College, but far enough so you don’t get the sound of traffic,” said agent Elden Freeman, who adds that the seller also walked to work. “For a prof, it was great with the university a few blocks away and she got some income from it.”

This property’s shape and form was also adaptable to many buyer’s needs. “It was a nice renovation: simple and aesthetically pleasing,” Mr. Freeman said. “It was a perfect house to leave as is or convert into a single-family or possibly three apartments.”

Editor's Note: Done Deals contain information gathered from real estate agents, home buyers, home sellers and sale prices that are publicly available from government sources. While we try to publish Done Deals as soon as possible after the transaction has occurred, long closings can cause delays.

Follow us on Twitter: @globeandmail

 

In the know

More from The Globe and Mail

Most Popular Stories