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One bid good enough for Upper Beaches home Add to ...

57 GAINSBOROUGH RD., TORONTO

ASKING PRICE $549,900

SELLING PRICE $550,000

PREVIOUS SELLING PRICE $390,000 (2007)

TAXES $3,216 (2012)

DAYS ON THE MARKET Six

LISTING AGENT Linda Ing-Gilbert, Re/Max Hallmark Realty Ltd.

The Action: In the Upper Beaches community, this two-storey house is of modest stature, especially without a finished basement. Yet, it still roped in about 80 buyers wanting an in-person visit and on the proposal presentation date, the one and only offer was a strong one.

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What They Got: This roughly 60-year-old, brick residence on a 20-by-120-foot lot has a traditional plan with three bedrooms upstairs and two bathrooms, as well as a front living room, a rear dining area with a walkout to a deck and a recently renovated kitchen.

The lower level provides storage space and a laundry room with concrete floors and access to the garage.

The Agent’s Take: “It’s a great street and it’s in a great school district,” agent Linda-Ing Gilbert said. “And there is a little park just steps away from the house that was a good draw too.”

Despite the home’s size, it had the basics first-time buyers wanted. “It was about 1,000 square feet, so it’s about 500 feet smaller than what you’d usually see,” Ms. Ing-Gilbert explained. “A lot of people loved the backyard, it was deep and private.”

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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