34 KIRKLAND BLVD., TORONTO
ASKING PRICE $689,000
SELLING PRICE $751,000
PREVIOUS SELLING PRICE $500,000 (2011); $430,000 (2009)
TAXES $3,600 (2013)
DAYS ON THE MARKET Seven
LISTING AGENTS Douglas and Trevor Freeman, Freeman Real Estate Ltd.
The Action: In an area of North York where property prices are steadily rising, this detached bungalow with a private driveway and carport was one of few properties listed under $700,000. As a result, it was courted by a handful of buyers hoping to present the best offer, the best of which was $62,000 more than the list price.
What They Got: Updated windows, mechanics, main floor bath and laundry room and two kitchens with stainless steel appliances gave new life to this 1950s bungalow on a 45-by-120-foot lot.
The primary section of the brick structure features a living room and dining area with crown mouldings and hardwood floors, as well as three bedrooms, including one with sliding doors to a large deck and fenced yard.
The basement apartment contains one bedroom, one bathroom and an open entertaining area.
The Agent’s Take: “It’s a nice family friendly neighbourhood within proximity to amenities and transport, like the subway and highway,” says agent Trevor Freeman. “The lots in the neighbourhood are very big, so you have a lot of land and possibilities for development if you wanted to knock down the house and build something else.”
This particular bungalow will likely be saved. “It was a move-in property that offered owners a lot of what they were looking for, and because it had the [rental] income, it made it substantially more affordable,” Mr. Freeman adds.
“[The sellers] were smart about their renovations and made separate laundry facilities for the owner and tenants, so the details in the renovation made the difference.”
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.