188 SNOWDON AVE., TORONTO
ASKING PRICE $899,000
SELLING PRICE $1,051,000
TAXES $5,572 (2011)
DAYS ON THE MARKET Eleven
LISTING AGENTS Jim Burtnick and Andy Taylor, Sotheby’s International Realty Canada
The Action: Right after this detached house hit the market, arrangements were made for 40 private showings and two open houses to accommodate more than 80 parties.
Within the first few days, three buyers submitted offers, but they were turned away until a pre-determined presentation date. That day, there was a bidding war between a dozen shoppers.
What They Got: A large part of a 30-foot by 125-foot lot is occupied by a 75-year-old brick house, surrounded by a manicured lawn, fenced backyard and surface parking.
Various activities can take place inside where there is a fireside living room, formal dining area and kitchen with access to a sunroom addition with a patio exit, plus a partially finished basement with a separate entrance.
For more privacy, there are four sleeping quarters and a single bathroom on the second floor.
The Agent’s Take: “It’s a very family-friendly area, so we had a lot of demand from families and builders alike,” says agent Jim Burtnick, who grew up playing ball hockey and hide-and-seek on the quiet street. “It’s in a good school catchment [area] it’s close to parks and has good TTC access.”
What gives this property more distinction from others is its 30-foot wide frontage. “Most of the houses on the street that are detached have 25-foot lots, so what the 30-foot lot allows is a private driveway,” says Mr. Burtnick. “A lot [of the other houses]have mutual driveways or have no driveway and put in parking pads.”