389 ONTARIO ST., TORONTO
ASKING PRICE $569,000
SELLING PRICE $577,000
PREVIOUS SELLING PRICE $198,000 (1997)
TAXES $3,000 (2012)
DAYS ON THE MARKET Seven
LISTING AGENTS Jillian Koplowitz and Melissa Smeets, HomeLife/Realty One Ltd.
The Action: On the edge of Cabbagetown, this semi-detached property sits across from an LCBO parking lot and lacks the parking and grandeur of adjacent two and three-storey homes. Yet it netted over 20 showings and more than 150 open houses attendees, which was enough exposure to bring in two competing offers by the end of its first week on the market.
What They Got: This 1880s Victorian preserves traditional characteristics, such as high baseboards, stained glass windows and original plank floors refinished in areas like the living and dining rooms.
Some improvements were made to the roughly 1,100-square-foot space, including a remodelled semi-ensuite bathroom with a slipper tub amidst the two bedrooms upstairs and an updated kitchen with sliding doors to a patio and private yard on the 16-by-71-foot lot. Plus, the basement was dug out and outfitted with new concrete walls and sump pump.
The Agent’s Take: “It was full of character and perfect for a single person or a couple with no children,” says agent Jillian Koplowitz.
“The original pine plank floors had all been redone – and everybody loved those – and there was new American cherry hardwood to blend in with the old pine floors downstairs, so that was all tastefully done.”
Any shortcomings in terms of size was overlooked for its style. “The kitchen was beautiful and bright with brand new stainless steel appliances, including a high-end gas stove, fridge and dishwasher, and a beautiful farmhouse ceramic sink,” Ms. Koplowitz states. “The master bedroom with its cathedral ceiling, stained glass window and huge walk-through closet presented as an attractive, welcoming space.”
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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