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Toronto townhouse on a busy street sells $19,900 under asking Add to ...

63 FURROW LANE, TORONTO

ASKING PRICE $599,900

SELLING PRICE $580,000

PREVIOUS SELLING PRICES $480,000 (April, 2007); $375,608 (January, 2007)

TAXES $3,401 (2013)

DAYS ON THE MARKET Eight

LISTING AGENT JoAnne Gludish, Royal LePage Real Estate Services Ltd.

The Action: This two-storey townhouse sits on a 61-by-19-foot lot siding onto a major street, so it was professionally staged, photographed and priced under $600,000 to play up its positive attributes. Those elements combined fuelled a quick sale, even with the pressure of having larger three-storey units available in quieter spots within the complex this summer.

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What They Got: At the end of a row of stone townhouses in an eight-year-old community, this two-bedroom residence has a modern layout with street-level access, including a front entrance to a walkway, a side door to the sidewalk and a walkout from a lower-level recreation room to a two-car garage that exits to a rear laneway.

Interior appointments are classic with more than nine-foot ceilings, hardwood floors and crown mouldings in the eat-in kitchen, open dining area and living room, which also features a gas fireplace and French doors to a south-facing deck with an electric awning and gas hookup.

The second floor was designed with laundry facilities and two carpeted bedrooms, one of which features his-and-her closets and largest of three bathrooms.

Though the property is freehold, monthly fees of $115 covers grounds maintenance.

The Agent’s Take: “There is a big demand for freeholds, but there’s still is a board of directors, a status certificate required and a monthly payment for grass and snow removal,” agent JoAnne Gludish said. “It’s a complex where there’s nothing for sale or you’ll get two or three for sale.”

Though this unit is compact, it has the basics. “It has brightness and nice room sizes,” Ms. Gludish notes. “It has two-car, tandem parking, which is good. Often there’s just single-car parking.”

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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