63 EDGECROFT RD., TORONTO
ASKING PRICE $589,900
SELLING PRICE $680,000
PREVIOUS SELLING PRICE $206,000 (1997)
TAXES $3,152 (2014)
DAYS ON THE MARKET Three
LISTING AGENT Ed Allan, Re/Max Professionals Inc.
The Action: A quiet, treed street in Etobicoke had so few vacancies that the sellers of this detached bungalow were quickly handed half a dozen bids after upwards of 60 potential buyers – largely builders and renovators – toured the grounds.
What They Got: Save for roughly six decades of wear, this brick bungalow appears the same with classic living and dining rooms with hardwood floors, traditional kitchen, two bedrooms and a bathroom, plus an unfinished basement.
Front and back entrances lead out a private driveway and south-facing backyard respectively.
The Agent's Take: "It's a great property, but needs a lot of work," agent Ed Allan states. "The lot is 40 by 133 [feet], which is a good building lot."
Construction is even taking place on the lot behind this home, which is surrounded by supermarkets, schools, restaurants, shops, cinemas.
"It's a hot area," Mr. Allan says. "The funny thing about the whole area is that I was selling those houses in the mid-90s for $150,000 and people were laughing because they thought it was overpriced. That today would just cover renovations."
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.