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Done Deal, 332 Monarch Park Ave., Toronto
Done Deal, 332 Monarch Park Ave., Toronto

Early over-asking bid grabs East York home Add to ...

332 MONARCH PARK AVE., TORONTO

ASKING PRICE $589,000

SELLING PRICE $615,000

PREVIOUS SELLING PRICES $490,000 (2011); $223,000 (2000)

TAXES $3,262 (2013)

DAYS ON THE MARKET Two

LISTING AGENT Linda Ing-Gilbert, Re/Max Hallmark Realty Ltd.

The Action: With so few East York residences available for purchase in late spring, most were sold in bidding wars. One house hunter, previously defeated in a several multiple offer scenarios, opted to present a bully offer for this detached brick house before the open house to thwart any competition.

What They Got: Just a few blocks from East York Civic Centre, this roughly 60-year-old house boasts the comfort of new windows, wiring, main bathroom and eat-in kitchen, as well as nine-foot ceilings in the principal rooms, laundry facilities upstairs, a balcony off one of four bedrooms and single-car parking.

Laminate floors cover the main-floor living room, dining area and family space, which has a walkout to a deck, shed and a fenced-in 17-by-134-foot lot.

Each month, $850 is collected for a one-bedroom basement apartment with a living area and kitchen with a rear walkout.

The Agent’s Take: “It’s in a great school district – R.H. McGregor and the library and hospital are steps away,” agent Linda Ing-Gilbert said. “This is a four-bedroom house with a finished basement and parking … which is hard to come by.”

Not only did this property offer an extra bedroom over others, but also additional niceties. “The kitchen and bathroom was updated in the last five years because that’s the most important upgrade,” Ms. Ing-Gilbert noted.

“It has a deep, private backyard and it’s west-facing, which a lot of people consider a premium because of the sun setting at the back of the house.”

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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