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Done Deal, 70 Alcorn Ave., Toronto
Done Deal, 70 Alcorn Ave., Toronto

Pre-emptive offer nabs Summerhill home in Toronto Add to ...

70 ALCORN AVE., TORONTO

ASKING PRICE $1,295,000

SELLING PRICE $1.4-million

PREVIOUS SELLING PRICE $473,000 (1999)

TAXES $7,570 (2011)

DAYS ON THE MARKET Two

LISTING AGENTS Dina Maglietta and David Knox, Summerhill Prestige Real Estate Ltd.

The Action: Down the street from the Summerhill subway station, shops and cafés on Yonge Street, this semi-detached residence welcomed more than two dozen buyers with private showings and upwards of a dozen realtors at the agents-only open house.

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Many properties on the popular street have a history of selling quickly, so one buyer immediately made a strong proposition – days before offers were to be reviewed – that the sellers couldn’t refuse.

What They Got: In the 1980s, this four-bedroom house was constructed on a 17-by-100-foot lot with over 3,000 square feet of living space, including the basement, but was updated in recent years with new roofing, a central vacuum system, cedar decks and a remodelled kitchen with slate floors, sleek cabinetry and Sub-Zero appliances.

To embrace the outdoors, there is a large deck off the fireside living room, a Juliet balcony off the fireside family room above and a sundeck off the third floor office, which situated along a sky lit, three-story atrium that brings sunlight into the main floor dining room and a second floor master suite that contains the largest of four bathrooms.

Other luxuries include nine-foot ceilings and hardwood floors in the recreation room on the lower level, which has a laundry room with direct access to a rear garage and heated driveway.

The Agent’s Take: “It was one of the largest models on the street, and had the highest demand layout with an atrium in the middle,” says agent Dina Maglietta. “It was quite outstanding in the fact it was very large, very bright and sunny, and that atrium created a very contemporary, modern open feel.”

Many buyers, including several downsizing, were also enamoured by features found in larger estates.

“The fireplaces were both wood burning fireplaces, which is a nice feature to have … but they’re hard to find nowadays,” says Ms. Maglietta. “It had three decks, which is definitely not common. One of those three was a rooftop deck, so you could see the beautiful view of the skyline.”

 

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