This century-old home contains a modern kitchen with white cabinetry, Caesarstone counters and tile backsplashes installed just a few years ago.
228 ALBANY AVE., TORONTO
ASKING PRICE $799,900
SELLING PRICE $785,000
PREVIOUS SELLING PRICE $651,000 (2011); $380,000 (2004)
TAXES $4,074 (2013)
DAYS ON THE MARKET 23
LISTING AGENT Boris Kholodov, Royal LePage Real Estate Services Ltd., Johnston and Daniel Division
The Action: In the Annex, this detached residence was a rare commodity listed under $800,000, so it was courted by about 30 buyers outside the scheduled open houses. The sellers rejected some offers, but signed off on one for $785,000 by the third week.
What They Got: This century-old house still has classic living and dining rooms with bay windows, crown mouldings and hardwood floors and a modern kitchen with white cabinetry, Caesarstone counters and tile backsplashes installed a few years ago, plus stainless-steel appliances and French doors to a private deck and garden.
There are three second-floor bedrooms and two bathrooms for privacy, but an open family room in the basement.
The 17-by-95-foot lot lacks parking, like many adjacent homes, but fronts onto a street with permit parking and is close to parks, schools and subway.
The Agent's Take: "It's in the Annex, south of Dupont, which is a desirable pocket," says agent Boris Kholodov. "It's the blue-chip area of the city, it's close to amenities and it has its charm."
This home's stature was also a vital asset. "There aren't many detached homes in this price range because of its size," Mr. Kholodov states. "[Others] are in the seven figures and up, and they tend to be a lot bigger and wider."
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.