Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Buyer fatigue a factor in solo bid for century-old home Add to ...

145 MONTROSE AVE., TORONTO

ASKING PRICE $849,000

SELLING PRICE $1,030,000

TAXES $4,100 (2016)

DAYS ON THE MARKET Six

LISTING AGENT Terri Perras, Royal LePage Terrequity Realty

The Action: The same street in Little Italy had two properties taking offers the same night in February. So only one visitor out of a crowd of 60 returned with a bid for this semi-detached house on a 15-by-102-foot lot.

“It was early in the market, so people were anticipating other properties coming out and a lot of people don’t want to compete,” agent Terri Perras says. “It’s just exhausting as a buyer right now.”

What They Got: This century-old house is currently set up as a duplex with the larger quarters occupying the main and lower levels. Highlights include living and dining areas with 10-foot ceilings, an updated kitchen with ceramic floors and a den with access to a private patio and parking off a lane. The basement has a recreation room.

The second-floor unit features nine-foot ceilings in the kitchen and two bedrooms, including one with a balcony.

The Agent’s Take: “It’s all about the location for this house, sandwiched between Little Italy and Little Portugal. You could turn right to walk to little shops and cafes in Little Italy or turn left to walk right into Trinity Bellwoods Park,” Ms. Perras states.

“It has gorgeous 10-foot ceilings and some original ceiling medallions and it could easily be converted back into single family [house].”

 

 

Report Typo/Error

Follow us on Twitter: @globeandmail

Also on The Globe and Mail

Decor helps sell detached 2 1/2 storey for $130,000 more than asking (The Globe and Mail)

In the know

Most popular videos »

Highlights

More from The Globe and Mail