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Islington buyer knocks $19,000 off ‘diamond in the rough’ Add to ...




PREVIOUS SELLING PRICES $625,000 (Nov. 2007); $590,000 (May 2007); $292,000 (1997); $290,000 (1988)

TAXES $5,213 (2012)


LISTING AGENT Kara Reed, Chestnut Park Real Estate Ltd.

The Action: The community around the Islington Golf Club is home to million-dollar estates, so this 1 1/2 -storey residence on nearly half-an-acre was considered a bargain listed in the $800,000s. One offer was presented after a steady flow of about 15 private showings and a public open house attended by about 20 parties.

What They Got: On a 50-by-115-foot property at the corner of two residential streets, this Cape Cod-style was built in the mid-1900s, but was updated in the kitchen and three bathrooms over time.

Original hardwood floors remain in the main-floor den, dining room and living room with a wood-burning fireplace, as well as three upper bedrooms. Meanwhile concrete floors appear in the lower-level recreation room.

Surrounding the house is an interlocking driveway, attached garage and private, treed yard with perennial gardens.

The Agent’s Take: “It’s a desirable pocket, called Chestnut Hills, and it has a great school and neighbouring homes are closer to $2-million,” agent Kara Reed said. “So this was a diamond in the rough.”

For instance, many buyers saw the property’s raw potential. “This was a little detached, 1.5-storey [house] that someone would buy for the lot and did,” Ms. Reed added. “It was a beautiful size lot.”

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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