81 SIMPSON AVE., TORONTO
ASKING PRICE $849,000
SELLING PRICE $892,000
PREVIOUS SELLING PRICE $409,860 (2002)
TAXES $5,352 (2013)
DAYS ON THE MARKET Four
LISTING AGENTS Jill Koplowitz and Melissa Smeets, HomeLife/Realty One Ltd.
The Action: Agents Jill Koplowitz and Melissa Smeets staged this detached, three-storey house and stated offers would be entertained after 10 days of exposure. At a time when few comparables were available in Riverdale, one buyer didn’t want to wait and made a pre-emptive offer hours before weekend open houses could be conducted.
What They Got: This more than century-old brick structure on a 25-by-115-foot lot was completely overhauled above grade with an updated three-bedroom and two-bathroom plan, but with an unfinished basement that has a separate entrance to the private driveway and gated backyard.
The main section of the house features 10-foot ceilings above the formal foyer, a living area with an electric fireplace, a central dining space, an eat-in kitchen and a family room with a walkout to a south-facing deck.
The Agent’s Take: “The owner took it back to the studs and lovingly renovated it over the past eight years,” agent Melissa Smeets said. “It also had a nice walkout from the basement, so it could be constructed as a basement apartment.”
Buyers also saw the property as an investment in the area. “This 100-year-old detached home is located in beautiful Riverdale, close to shopping, cafes, TTC, parks and excellent schools,” Ms. Smeet added.
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.