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High demand helps Islington Village townhouse sell quickly Add to ...

5 TYRE AVE., NO. 21, TORONTO

ASKING PRICE $729,900

SELLING PRICE $779,000

TAXES $4,640 (2014)

DAYS ON THE MARKET Six

LISTING AGENT Terri Perras, Royal LePage Terrequity Realty

The Action: Last fall was the last time a townhouse was available in this freehold community in Islington Village, so about 50 buyers quickly descended on this end unit when it came on the market. In less than a week, seven visitors made their propositions known, and one who added nearly $50,000 to the list price became the new owner.

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What They Got: At the end of a row of roughly decade-old townhouses, this three-storey unit has an over 2,000-square-foot plan with an attached garage, private driveway and 21-by-87-foot lot.

Ceilings are nine feet above a kitchen with stainless-steel appliances, granite counters and hardwood floors, as well as the open dining area and entertaining space with a gas fireplace and a walkout to a private, south-facing backyard and patio.

Laundry facilities and three bedrooms were assigned to the second floor, including a master suite with a walk-in closet and five-piece bathroom, which is the largest of four bathrooms.

Carpeting cushions the lower-level guest room and a third-floor family room.

Monthly fees for snow removal and landscaping are $135.

The Agent’s Take: “It’s a fairly small townhouse complex and it’s well-situated in the Bloor and Islington area,” says agent Terri Perras. “And there are not a lot of townhouses around there; it’s mostly detached homes.”

This model also offered more space than nearby towns on lots averaging 14 to 18 feet wide.

“It has a premium location within the complex because it was an end unit and at the end of a cul-de-sac, so it sat on a larger pie-shaped property, offering a little more privacy and gave it the sense of a semi-detached home with extra light,” Ms. Perras explains.

“Not all of them in the development have a third floor, but this one did and it’s a great space for a family.”

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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