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Competing bids for Toronto house, but home still sells under asking Add to ...

EGLINTON AND ALLEN

132 Alameda Ave., Toronto

ASKING PRICE $579,000

SELLING PRICE $576,000

PREVIOUS SELLING PRICE $225,000 (2000)

TAXES $3,085 (2012)

DAYS ON THE MARKET five

CO-OP AGENT Ira Jelinek, Harvey Kalles Real Estate Ltd.

THE ACTION: Young west-end professionals searching for starter homes often gravitate towards the Oakwood-Vaughan community. This post-World War II house near Eglinton West subway station was the prefered candidate out of 20 homes agent Ira Jelinek showed this client.

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Even though there was some competition for the property on the day offers were presented, the buyers signed a deal a few thousand dollars shy of the list price.

WHAT THEY GOT: This detached brick house on a 25-by 110-foot lot is fairly traditional with hardwood floors in the living room, adjacent dining area and three upper bedrooms, including one with a balcony.

Tile floors were laid in the kitchen and family room, which has a walkout to a deck, as well as a basement suite with a recreation space, kitchen, one of two full bathrooms and separate side entry to a mutual driveway and double garage.

THE AGENT’S TAKE: “This was one of the only affordable areas where [the buyer] could afford a house in their price range,” says Mr. Jelinek. “Anything east of Allen Road is still really expensive, but just west of Allen, like Atlas Avenue, Winona Drive and Alameda Avenue are still quite affordable.”

Though some cosmetic updates are needed, this property had a solid foundation to work with. “It's a decent, livable house inside with the original hardwood floors and nice banisters,” adds Mr. Jelinek.

“What was interesting for the neighbourhood was that it had a second storey balcony in the back. You find that more in the Victorian houses downtown.”

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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