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Premium paid for Little Italy semi Add to ...

274 MONTROSE AVE., TORONTO

ASKING PRICE $599,000

SELLING PRICE $660,000

PREVIOUS SELLING PRICE $335,000 (2002)

TAXES $3,447 (2012)

DAYS ON THE MARKET Seven

LISTING AGENTS Sandra Pate and Lina Risi, Royal LePage Real Estate Services Ltd., Johnston and Daniel Division

The Action: Two open houses were co-ordinated on one weekend for this semi-detached house in Little Italy. The property was priced close to market value, but with few alternatives in the area, several buyers proposed paying a premium in fear of losing out to other house hunters.

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What They Got: This 80-year-old plus brick house has a front living room with built-in shelving framing a faux fireplace, a rear dining area with hardwood floors and slate flooring in a kitchen with an island and door to a deck, patio and perennial garden with a pergola.

More than a decade ago, one of the two full bathrooms – situated amidst the three bedrooms on the second floor – was updated and the windows, heating, plumbing and wiring systems were replaced.

The basement is unfinished, but it has a walkout to the 22-by-57-foot lot, which is a few blocks away from trendy bistros, cafes, supermarket and streetcars on College Street.

The Agent’s Take: “It was literally a stone’s throw to College [Street], right in the heart of Little Italy,” says agent Lina Risi. “There are great neighbours and it’s a stone’s throw to a lovely school that a lot of people covet.”

This house also offered all the basics buyers need. “What was different about it was it was in move-in condition and it wasn’t a large home, but it was just perfect for a couple,” Ms. Risi explains. “It was easy to maintain with great front and backyards with perennial gardens.”

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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