7 ELMONT DR., TORONTO
ASKING PRICE $649,999
SELLING PRICE $635,000
PREVIOUS SELLING PRICE $441,000 (2010)
TAXES $3,072 (2013)
DAYS ON THE MARKET 10
LISTING AGENT Mary Jo Vradis, Royal LePage Estate Realty
The Action: Before this vacant bungalow was listed, it was furnished and professionally staged to improve its presentation during public and private tours. The extra effort and expense to bring in a serious buyer was worthwhile as many visitors compared it with to a similar home down the street.
What They Got: Near the end of a cul-de-sac overlooking Taylor Creek Park is a 40-by-126-foot lot with this roughly 60-year-old bungalow given new roofing, front door and driveway to an attached garage in the past five years.
Recent changes made to the indoors were as practical as updating the furnace and expanding and customizing the main bathroom with stacked laundry facilities, but also as stylish as outfitting the open kitchen with stainless steel appliances, marble tile floors and granite counters.
Classic hardwood floors grace the three bedrooms and combined living and dining area with pot lights.
The basement was remodeled as a two-bedroom apartment with a U-shaped kitchen and open recreation area with laminate floors.
The Agent’s Take: “It’s on a cul-de-sac right beside a ravine and you can get downtown in 15 minutes,” agent Mary Jo Vradis said. “It’s a popular neighbourhood with wide lots being sold very quickly to renovators and builders.”
But this home has features worth saving. “It’s a complete gut reno – a beautiful renovation – modern with a brand new kitchen and bathroom,” Ms. Vradis said. “[Most homes] do not have a two-bedroom basement apartment and they definitely don’t have a two-car, tandem garage, which is very rare.”
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.