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Toronto bungalow sellers hold out for top dollar Add to ...

86 EMPRESS AVE., TORONTO

ASKING PRICE $1,199,000

SELLING PRICE $1,200,000

PREVIOUS SELLING PRICE $319,900 (1994)

TAXES $6,177 (2012)

DAYS ON THE MARKET 32

LISTING AGENTS Jeff, Mark, Norah and Paul Oulahen, Re/Max Realtron Realty Inc.

The Action: Around the corner from Earl Haig Secondary School, which has a coveted arts program, this detached, brick bungalow scored over two dozen visitors and fielded several offers throughout the month. But the sellers stood firm on signing a deal only for the full list price.

What They Got: In the 1950s, a 50-by-128-foot lot was developed for this 1,877-square-foot residence with four bedrooms and two bathrooms, as well as a kitchen with ceramic floors and a fireside living room and dining area with hardwood floors.

Off the private driveway and carport is a side entrance to a basement with two guest bedrooms, second kitchen, recreation room and entertaining space with a gas fireplace and a second walkout.

The Agent’s Take: “It’s right on Empress [Avenue], about a 100 to 150-meter walk to Empress Walk, which has a Loblaws, movie theatre and subway,” agent Mark Oulahen said. “[Plus] Earl Haig is a very strong draw.”

End-users and builders valued this older property itself for different reasons. “It had a nice addition at the back that made it a sizable four-bedroom bungalow,” Mr. Oulahen adds. “But there are more and more big box homes going up, selling for $2.2 or $2.3-million.”

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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