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Mimico two-storey sells for $90,000 over asking Add to ...





TAXES $3,798 (2014)


LISTING AGENTS Sandy Bodnar and Rayissa Palmer, Re/Max Professionals Inc.

The Action: Mid-May, homes near Mimico’s waterfront were selling around $820,000, so this two-storey house with a private drive was posted at $828,500, More than 100 parties meandered through between private showings and a public open house, and it sold in a bidding war involving six buyers.


What They Got: A 40-by-110-foot lot by the lake was redeveloped for this three-bedroom and four-bathroom house two decades ago, and updated with new heating and central vacuum systems, chimney liner and eavestroughs in the past five years.

Inside, there is a classic living room with a wood-burning fireplace and a dining area, but a more modern kitchen and family-room combination with stainless-steel appliances and a walkout to a deck, two sheds and a private, southeast-facing yard.

In the basement is a guest bedroom, an eat-in kitchen and entertaining area with a wood stove.


The Agent’s Take: “It’s a popular neighbourhood,” agent Rayissa Palmer says. “It’s a beautiful, established street with lots of families and beautiful trees, and its a block from the lake and buses that go either to the subway or streetcars.”

Buyers also liked that the size of this home allowed for extras. “There is a two-piece on the main floor, which is rare for a home in that neighbourhood, and the master bedroom has an ensuite and walk-in closet, which is also rare,” Ms. Palmer adds.

“The basement apartment ceilings are naturally high – probably nine-foot – with a separate entrance, so for someone to be able to create income for themselves, it’s a fantastic opportunity.”

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