402 Glenlake Ave.
ASKING PRICE $899,000
SELLING PRICE $936,000
PREVIOUS SELLING PRICE $605,000 (2007)
TAXES $4,720 (2015)
DAYS ON THE MARKET 28
LISTING AGENT Elli Davis, Royal LePage Real Estate Services Ltd.
The Action: A great deal of traffic flowed through this detached, three-bedroom residence, but without an offer and with a number of other alternatives nearby, the price was dropped below $900,000 to attract more buyers.
The move put the residence on the radar of two potential buyers who made competing bids.
What They Got: Less than a 10-minute walk from High Park, this brick house with an attached garage displays traditional stained-glass windows and hardwood floors in areas such as the fireside living room, which has access to a sunroom with ceramic floors.
Since 2007, the original centre-hall plan was modified with a newly combined dining area and kitchen with a walkout to a deck and 57-by-75-foot lot, as well as a new roof, furnace and lower level recreation room with one of three bathrooms.
The Agent's Take: "The location of it really helped sell it; it's a very hot area," agent Elli Davis says.
"It's close to High Park and the subway."
The seller's improvements also increased the home's value.
"Glenlake was a very nice house – a three-bedroom house – with a renovated kitchen and main-floor powder room," Ms. Davis explains.
"[In one bedroom], the owner put in steps to a third floor, so it was more of a loft for storage or a play area."
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.