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Frenzied bidding for Junction home nets $116,100 over asking Add to ...

48 MAHER AVE., TORONTO

ASKING PRICE $699,000

SELLING PRICE $815,100

PREVIOUS SELLING PRICE $440,000 (2006)

TAXES $3,887 (2012)

DAYS ON THE MARKET Five

LISTING AGENT Nutan Brown, Royal LePage West Realty Group Ltd.

The Action: Over the summer, the area between the Junction and Bloor West Village was often rife with bidding wars between eager would-be buyers. This detached, brick house caused such a frenzy it logged nearly a dozen offers and a winning bid $116,100 over the list price.

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What They Got: This four-bedroom residence built on a 25-by-114-foot lot in 1963 was recently refurbished with an updated roof, windows and wiring, as well as two remodeled bathrooms and a galley kitchen with hardwood floors, stainless steel appliances and a walkout to a new deck, fenced yard and garage.

High traffic areas include a living room, a dining room and lower level recreation room.

The Agent’s Take: “When [the sellers] purchased it, it was an absolute mess that needed a full scale reno and it was duplexed, so they bought it back to a single-family home,” says agent Nutan Brown.

“It literally checked most people’s boxes because it was a great home with nice space, beautiful backyard and two-car garage.”

Not only could buyers enjoy the home right away, but attractions on Bloor and Dundas streets.

“It was a little bit north of the prime Bloor West area, so we priced it with that in mind. However because it was such a well-maintained and updated property and an extra five-minute walk, people didn’t seem to care,” Ms. Brown explains. “[Plus] it’s in a really terrific school district and that always helps with the level of interest.”

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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