23 NEVADA AVE., TORONTO
ASKING PRICE $999,000
SELLING PRICE $1,175,000
PREVIOUS SELLING PRICE $365,000 (1994)
TAXES $5,755 (2014)
DAYS ON THE MARKET Three
LISTING AGENT Bill Thom, Re/Max Realtron Realty Inc.
The Action: Early January, agent Bill Thom noted similarities between some homes selling nearby this four-level backsplit, so he priced it under $1-million. The number enticed about six dozen shoppers to take a tour and seven returned with offers.
What They Got: The roof, windows and furnace are the newest parts of this roughly 50-year-old home with four levels of finished space, an attached double garage and private driveway on the 53-by-127-foot lot.
The front portion of the home contains a kitchen, living and dining rooms and stairs both up to three rear bedrooms, including a master suite with a walk-in closet and one of three bathrooms, and stairs down to a fourth bedroom and fireside family room with access to the backyard and a recreation space in the basement.
The Agent's Take: "It's near Bayview and Steeles, so you can walk to TTC and it has convenient access to [highways] 407, 404 and 401, and the schools are generally quite good," says agent Bill Thom. "For that area, 50 [foot frontage] is the reference point. Anything over is considered a premium."
Thus, this property could be razed or renovated, like the buyers will do. "It's a four-level back split, but the crawl space … you can actually stand [inside] without crawling in," Mr. Thom notes. "It's not your typical crawl space, so that was one big benefit – people could make it convenient storage."
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.