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Holiday timing works in Toronto home seller’s favour Add to ...

277 EGLINTON AVE. E., TORONTO

ASKING PRICE $699,000

SELLING PRICE $709,000

TAXES $4,157 (2012)

DAYS ON THE MARKET Six

LISTING AGENT Marni Lokash, Harvey Kalles Real Estate Ltd.

The Action: Agent Marni Lokash knew the risk of listing this semi-detached house before the winter holidays when most house hunters have diverted their focus and funds elsewhere. But having little competition on the market worked in the sellers’ favour as they were presented two offers after about 80 buyers quickly arranged private tours or attended a public open house.

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What They Got: Within a small collection of townhouse-style, semi-detached houses built off Eglinton Avenue about 12 years ago, this 1,583-square-foot property has a more modern appearance with new kitchen cabinetry, hardwood floors and broadloom carpeting installed last year.

Public quarters include a main-floor dining area and open living room with ten-foot ceilings, a gas fireplace and a south-facing balcony, as well as an office with custom built-ins in the 193-square-foot basement.

The top two floors accommodate laundry facilities and three bedrooms, including a master retreat that occupies the entire third level with a balcony and largest of three bathrooms.

To keep things tidy, there is a central vacuum system and storage in a built-in garage that exits to a laneway behind the 16-by-47-foot lot.

The Agent’s Take: “It showed really well from a marketing point of view and when buyers actually came to see it in person. It was in move-in condition,” Ms. Lokash said. “[Plus], it is pretty rare to have a low-maintenance freehold in the area like that.”

As expected, this property meets the needs of young buyers who like “being in midtown in proximity to TTC and every convenience,” Ms. Lokash said.

“And it’s on a main street, which brings the price down a bit. But the house was constructed so well, you don’t even notice the noise outside.”

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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