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Competition cuts price for a North Toronto home Add to ...

401 GLENGARRY AVE., TORONTO

ASKING PRICE $1,599,000

SELLING PRICE $1,500,000

PREVIOUS SELLING PRICE $877,000 (2002)

TAXES $11,714 (2012)

DAYS ON THE MARKET 43

LISTING AGENT Sue Mills, Royal LePage Signature Realty

The Action: Over 30 groups converged at this detached residence between four open houses and another 30 visitors passed through on their own schedule. With a handful of comparable homes to contend with in the area, this one roped in a deal for $1.5-million, $99,000 under the asking price.

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What They Got: A bungalow on a 51-by-106-foot lot was replaced by this 3,364-square-foot house more than a decade ago and further improved with over $60,000 of upgrades after 2005, from a new furnace, central vacuum system and laundry facilities upstairs to porch steps and a south-facing deck with sliding doors to the fireside family room and eat-in kitchen.

The hardwood floors and pot lights nine feet above were recently refinished and replaced respectively in the den, living and dining rooms, and separate recreation and games rooms were created in the 1,737-square-foot basement, which also has a guest bedroom and access to the double garage.

Nearly half of the second floor is occupied by the largest of four bedrooms with a walk-in closet and six-piece ensuite, which is the largest of four bathrooms.

The Agent’s Take: “[It] was a wonderful family home, custom built in 2001,” says agent Sue Mills. “Buyers appreciated how incredibly spacious, well-designed and tastefully finished this four-plus-two-bedroom home was.”

This house also gave buyers more space for their money. “We were a 12-year-old house on a 51-foot-wide lot, whereas some of the other properties were built in the last five years on 40-foot lots,” Ms. Mills adds.

“It’s a great opportunity to move into a great family neighbourhood with great space without having to pay the price of new properties on a comparable lot.”

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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