23 CARDIFF RD., TORONTO
ASKING PRICE $699,000
SELLING PRICE $875,000
PREVIOUS SELLING PRICE $312,500 (1997)
TAXES $4,819 (2013)
DAYS ON THE MARKET Six
LISTING AGENTS Elden, Daniel and Nancy Freeman and Randi Kwinta, Freeman Real Estate Ltd.
The Action: This detached house was not modernized, so it was priced under $700,000 as an incentive to buyers, especially to those looking for a renovation project. More than 100 shoppers sauntered through the open house and 15 returned with their desired purchase price.
What They Got: This two-storey, brick house was kept in good shape for more than eight decades, retaining a wood-burning fireplace in the living room, a dining area with a walkout to a deck and a kitchen with an island and hardwood floor to unify the main floor spaces.
Three bedrooms divide the second floor, while a carpeted family room occupies the lower level, which also has the smallest of three bathrooms and access to the garage and heated driveway on the 23-by-106-foot corner lot.
The Agent’s Take: “The new subway is coming in there and there are great schools,” says agent Elden Freeman. “So it was in a great location and it was affordable.
For instance, the property was livable as is, but still left room for improvement. “It’s a corner unit, which is nice, and it had a heated driveway, which is unusual for properties in that price range,” Mr. Freeman notes. “It’s typical of original homes and a lot of them are being ripped down or upgraded.”
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.