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Steep climb, no parking keep buyers from Toronto heritage home Add to ...


ASKING PRICE $1.05-million

SELLING PRICE $1-million

TAXES $5,167 (2012)


LISTING AGENTS Elli Davis, Royal LePage Real Estate Services Ltd.

CO-OP AGENT Noam Muscovitch, Royal LePage Real Estate Services Ltd.

The Action: This semi-detached heritage home was centrally located nearby eateries, entertainment and major educational intuitions, but some buyers couldn’t overlook the absence of a garage on the modest 20-by-95-foot lot, nor the steep ascension to the top floor.

During the course of a few weeks of marketing, there were two dozen showings and a price adjustment from $1.095-million to $1.05-million, which seduced a few buyers into drafting competing bids simultaneously.

What They Got: This 2,105-square-foot Victorian displays many of its late 19th-century trappings, such as a refurbished red brick façade, high ceilings, hardwood floors throughout, a fireplace in one of two entertaining areas and a separate dining area with side yard doors.

To address signs of aging, the roof and furnace were replaced; the galley kitchen was revamped with granite counters, pot lights and double garden doors; and a third bathroom was created off the master suite, which has a walk-in closet.

There are two second-floor bedrooms and a third-floor retreat naturally lit with a skylight and sliding doors to a two-tiered deck.

Storage areas include a 503-square-foot basement and parking off a laneway.

The Agent’s Take: “It’s was a great home with a lot of original detail, but it had a new kitchen and washroom,” says agent Elli Davis. “It was in move-in condition with a third floor that was added by the owner years ago.”

But more important, buyers liked local attractions. “It had a lot of activity because it was so close to Harbord Street and Spadina Avenue – to the university and to the great restaurants on Harbord Street,” Ms. Davis notes.

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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