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Overpriced at $629,000, relisted west end bungalow finds a buyer Add to ...

226 VAN DUSEN BLVD., TORONTO

ASKING PRICE $548,800

SELLING PRICE $520,000

TAXES $3,693 (2013)

DAYS ON THE MARKET 20

LISTING AGENT Anne Adams, Toronto West Realty Inc.

The Action: On a quiet, Sunnylea street, this detached, brick bungalow was listed at $629,000, but it did little to counter some buyers perception that it needed a garage and more seclusion from executive townhouses next door.

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So this three-bedroom property earned a more positive reception once it was relisted in the mid-$500,000s and sold within three weeks.

What They Got: A 40-by 128-foot plot features a private driveway alongside this roughly 60-year-old bungalow with a living room and lower level recreation room with hardwood and linoleum flooring respectively.

The wiring, mechanics and some windows were updated in 2006, along with the bathroom and kitchen.

The Agent’s Take: “The Sunnylea area is very high demand,” says agent Anne Adams.

Many older homes are demolished for million-dollar residences, but there are signs the buyer is putting in some sweat equity. “It has three bedrooms, which is nice to have. Quite often a lot of bungalows in the neighbourhood have two, so it’s great for families,” Ms. Adams says.

“It showed excellent depth at the back with mature trees around the perimeter of that property, which provided privacy.”

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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