181 ROYALAVON CRES., TORONTO
ASKING PRICE $849,900
SELLING PRICE $888,000
PREVIOUS SELLING PRICES $700,000 (2008); $365,000 (1999); $275,600 (1987)
TAXES $4,359 (2013)
DAYS ON THE MARKET Seven
LISTING AGENT Terri Perras, Royal LePage Terrequity Realty
The Action: A list price of $849,900 was set for this two-bedroom bungalow near the Islington Golf Club.
Pent-up demand for properties, especially in the mid-$800,000s, generated a great deal of traffic midweek and during two weekend open houses, concluding with a handful of strong offers.
What They Got: This roughly 50-year-old brick bungalow on a 50-by-150-foot corner lot has a modern layout featuring a combined living and dining area with a gas fireplace, as well as three rooms merged into an open-concept kitchen and family room with vaulted ceilings, exposed beams, hardwood floors and a walkout to an in-ground pool added a decade ago.
Ceramic floors ground the basement suite, where there are two bedrooms, one of two full bathrooms, and a fireside recreation room with kitchen facilities.
One car can be parked in the attached garage and two on the driveway.
The Agent’s Take: “It’s a fabulous house and a fabulous neighbourhood,” says agent Terri Perras, who notes homes in the area fetch up to $1.8-million. “It’s also walking distance to the subway, which is a big bonus these days.”
The renovations also added needed space and style. “It’s a very interesting property because it’s very deceiving from outside since it looks like a fairly small bungalow from the street,” Ms. Perras explains.
“It had a phenomenal kitchen/family combination that overlooked the side yard with a swimming pool, so it was really bright, a quality renovation and it had a great floor plan for people who like to entertain.”