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Bidding war for Leslieville home ends with $113,000 over-asking bid Add to ...

59 HIAWATHA RD., TORONTO

ASKING PRICE $499,000

SELLING PRICE $612,000

PREVIOUS SELLING PRICE $344,900 (2010); $158,000 (2002)

TAXES $2,509 (2013)

DAYS ON THE MARKET Six

LISTING AGENTS Cameron Weir and Scott Hanton, Keller Williams Advantage Realty

The Action: This Leslieville rowhome was professionally staged and photographed and then posted under $500,000 to entice as many potential buyers as possible at the tail end of summer. In less time than it took to prepare this 1920s residence for viewings, hundreds of visitors toured the property and a bidding war concluded with the acceptance of an offer $113,000 over the list price.

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What They Got: At the end of a row attached homes, this 1,086-square-foot space was renovated over the past two years, with new fencing, windows and a deck off the master suite. It features updtaed mechanics in the bathroom and broadloom carpeting in the upper study and three bedrooms.

Laminate floors flow from the living room through the open dining area and a galley kitchen has new stainless steel appliances and a sliding door to a 13-by-12-foot deck.

To store large items, there is a 539-square-foot basement with a separate front entrance, but no parking on the the 12-by-116-foot lot. However, streetcars, shops and eateries are nearby on Gerrard and Queen streets.

The Agent’s Take: “There’s a huge pool of buyers [shopping] in the $500,000 to $650,000s … so any homes in that price point are doing extremely well,” says agent Cameron Weir, who listed several homes on this street earlier this year. “It’s a sought-after school district, so a lot of people like to move there for the schools as well.”

This home’s set-up was also a good fit for families. “This is an end row house that shows like a semi,” Mr. Weir adds. “A lot of people liked the open concept [layout], the backyard oasis and the upstairs is pretty spacious. It had the whole package.”

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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