Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Location helps Lawrence Manor bungalow sell quickly, over asking Add to ...

74 PRINCE CHARLES DR., TORONTO

ASKING PRICE $789,000

SELLING PRICE $836,400

TAXES $4,500 (2014)

DAYS ON THE MARKET nine

LISTING AGENT Ira Jelinek, Harvey Kalles Real Estate Ltd.

The Action: First-time buyers, builders and down-sizers were among the interested parties in this detached bungalow on a coveted street in Lawrence Manor. Late this spring, little else was vacant, so it only needed just over a week to allow for 30 showings, which led to three bids on the offer date.

What They Got: On an irregular, 71-by-147-foot corner lot, this 63-year-old brick residence kept its traditional three-bedroom and three-bathroom plan with a separate living room, kitchen and finished basement, plus a built-in garage, new roof, walkway and porch.

The Agent’s Take: “This was a special lot because it was on a corner and about a third bigger than the average lot in that area – or maybe even larger,” says agent Ira Jelinek. “[The house] has good bones, but it just needed to be stripped and redecorated.”

But many buyers were happy to invest in some sweat equity. “Between Wilson and Lawrence – east of Bathurst – you have some really expensive houses that can go up to $4-million,” Mr. Jelinek says. “And there’s nothing like that in this area, so this is a more affordable option.”

In the know

More from The Globe and Mail

Most Popular Stories