56 Old Mill Terrace, Toronto
ASKING PRICE $649,000
SELLING PRICE $630,000
PREVIOUS SELLING PRICE $495,000 (2008); $407,500 (2005); $242,256 (1997)
TAXES $3,316 (2012)
DAYS ON THE MARKET 40
LISTING AGENT Christopher Bibby, Sutton Group-Associates Realty Inc.
The action: Just a few steps away from Old Mill station and Bloor West Village, this condominium townhouse is a rare alternative in a well-heeled neighbourhood of freehold estates. So it took some time to secure an offer once two dozen private showings were carried out.
What they got: In 1997, this roughly 1,600-square-foot townhouse was designed with three bedrooms, three bathrooms and multiple entertaining areas, plus a central vacuum system and interior access to a double garage and rear backyard.
A flight of stairs from the foyer leads up to a second-floor kitchen with an island and a fireside living and dining area with sliding doors to a balcony with a gas hookup and brand new hardwood floors.
The sellers added broadloom in the third-floor master suite, which features a second gas fireplace, a walk-in closet, laundry facilities and heated floors in the five-piece bathroom, as well as two bedrooms above, including one with a Juliette balcony.
The complex is self-managed with monthly fees of $250.
The agent’s take: “While you [are] in walking distance to a major street and transit, you also [have] the tranquillity of living in a small residential neighbourhood,” says agent Christopher Bibby.
“There are a lot high-end properties, but this had so much square footage in here for a townhouse condominium.”
For instance, the volume of space both indoors and out was unexpected. “There are three bedrooms, three bathrooms and you actually have a backyard, which was very unique for a townhouse condominium. Usually, you get a rooftop terrace or just a balcony,” Mr. Bibby adds.
“One of the other very unique features was it had a tandem parking space, so it really felt like a freehold, not a townhouse condominium.”
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.