50 LIPPINCOTT ST., TORONTO
ASKING PRICE $379,000
SELLING PRICE $440,500
PREVIOUS SELLING PRICE $273,500 (2003)
TAXES $3,900 (2012)
DAYS ON THE MARKET Seven
CO-OP AGENTS Honey Moore and Andrea Stark, Royal LePage Real Estate Services Ltd.
The Action: Last winter, clients of agents Honey Moore and Andrea Stark halted their extensive house hunt due to personal financial conditions.
Things later changed and this fall they zeroed in on this attached brick cottage, which was listed below market value likely to spark a bidding war. So they paid a premium that trumped six rival bids.
What They Got: Just steps from Kensington Market, this more than-century-old bungalow is up to date with a new roof, furnace and eat-in kitchen with stone counters, hardwood floors and side doors to the 16-by-125-foot grounds and parking off a laneway.
Some original trims and mouldings were left intact inside, where there is a living room, one bedroom and bathroom, as well as laundry facilities in an unfinished basement accessed via a set of stairs or trap door.
The Agent's Take: "There are not many bungalow attached homes; in fact, I think this is the only one I have seen," says agent Honey Moore. "The duplicate house next door has put the bedroom on the second floor, which offers much more space. The owners of 50 [Lippincott] may do that as well."
But its current condition still charmed buyers. "The house is a very cute dollhouse type with only one bedroom and a very limited basement," Ms. Moore states. "As a point of interest, the basement is accessed by a trap door on the floor at the back of the house."
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.