8 ROYCREST AVE., TORONTO
ASKING PRICE $865,000
SELLING PRICE $860,000
PREVIOUS SELLING PRICE $555,000 (2008)
TAXES $4,589 (2010)
DAYS ON THE MARKET Four
LISTING AGENT Lena Preje, Re/Max Ultimate Realty Inc.
The Action: On a 50-by-194-foot ravine lot in North York, this renovated, two-storey house lingered on the market for months last year. To stimulate more interest in the property, it was relisted with another agent, Lena Preje, who staged it in a way that enticed several buyers with private showings and nearly a dozen visitors at the open house. An offer was presented within days.
What They Got: Within the past year, nearly every aspect of this three-bedroom house was replaced from the foundations up, from a high-efficiency furnace to stylish quartz counters, maple cabinetry, glass backsplashes and stainless steel appliances in the skylit kitchen. There is a fireside living room and an open dining area with a walkout to large deck, as well as a lower level family room with a second fireplace. Other desirable appointments include hardwood floors throughout, three bathrooms and a detached garage off the driveway.
The Agent’s Take: “It was totally renovated, from top to bottom, it looked like new,” says Ms. Preje, who filled the vacant interior with furniture, art and decorative accessories. “The house looked homey and presentable, so people know where they can put the TV and sofa, and where they can relax and where they can eat.”
In terms of its location, it has both urban and rural elements. “It’s on a small street and it’s on a ravine… perfect for privacy, entertaining and safety,” says Ms. Preje. “It’s a very convenient location close to Yonge and steps to Sheppard.”