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Bargain-priced detached near Danforth causes a stir Add to ...

111 CAMBRIDGE AVE., TORONTO

ASKING PRICE $559,000

SELLING PRICE $602,000

TAXES $3,801 (2013)

DAYS ON THE MARKET 10

LISTING AGENTS Lina Risi and Sandra Pate, Royal LePage Real Estate Services Ltd., Johnston and Daniel Division

The Action: Surrounded by million-dollar, semi-detached houses near Broadview station, this detached house without parking was considered a bargain for investors and builders priced just over half a million. Hence, the open houses were busy and countless appointments were booked before offers rolled in.

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What They Got: This roughly century-old, brick house maintains a traditional look, with hardwood floors in the fireside living room, formal dining area and the largest of three bedrooms on the second floor.

Plumbed-in areas consist of two bathrooms, including one in the unfinished basement, and a kitchen with an exit to the rear portion of the 19-by-132-foot lot.

The Agent’s Take: “A lot of homes are already done, so this one was one of the more run down properties there,” agent Lina Risi said. “It was so close to being a 20-foot [wide] lot, which is perfect for building.”

More desirable than the chance to personalize the space was its proximity to amenities. “There’s no parking, but the location was A-plus, being right at the Broadview and Danforth subway,” Ms. Risi added.

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.

 

 

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