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Small Toronto home goes to second bidder Add to ...

26 VANEVERY ST., TORONTO

ASKING PRICE $319,000

SELLING PRICE $313,000

PREVIOUS SELLING PRICES $240,000 (2009); $205,000 (2005); $134,000 (1998); $115,000 (1995)

TAXES $2,571 (2012)

DAYS ON THE MARKET 40

LISTING AGENTS Irene Kaushanksy and Philip Brown, Keller Williams Neighbourhood Realty

The Action: In January, this detached bungalow was initially sold pending the sale of the buyers' own property, which is a condition resurfacing with the softening market, agent Irene Kaushansky explains. “But the second buyers took advantage of the escape clause and had their offer accepted because the original buyer withdrew,” she adds.

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What They Got: Over the years, this 1930s bungalow in Mimico was pieced together with two bedrooms, one bathroom, a sunroom, dining area, kitchen and rear living space with a walkout to a deck, patio and fenced backyard.

A mutual driveway rounds out the 25-by-148-foot property on a treed street within a five-minute drive from a library, schools and Mimico GO Train station, as well as waterfront trails, parkland and boating clubs.

The Agent’s Take: “It’s a nice lot on a good street, so it had good future development potential,” says Ms. Kaushanksy, who believes this home will be replaced like many others nearby. “It’s close to the lake and there are decent schools in the area.”

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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