Done Deal, 58 First Ave., Toronto
58 FIRST AVE., TORONTO
ASKING PRICE $899,000
SELLING PRICE $1.035-million
PREVIOUS SELLING PRICE $675,000 (2011)
TAXES $4,459 (2015)
DAYS ON THE MARKET Seven
LISTING AGENT Fatima Bregman, Re/Max Hallmark Realty Ltd.
The Action: Riverdale properties staged and in good shape often sell for more than the list price, so hopes were high for this 2 1/2-storey townhouse that was renovated last year and temporarily redecorated and furnished in early April. After one full week of market exposure, a deal was signed for a buyer who topped the $899,000 price with a $136,000 premium.
What They Got: Following recommendations of agent Fatima Bregman, owners of this four-bedroom Victorian remodelled the kitchen, added two bathrooms for a total of three and refinishing hardwood floors in the living room, open dining area and central family room.
Notable sleeping quarters include a second-floor master with a private bathroom and a loft-style third-floor bedroom.
A second kitchen and open recreation area are located in the basement, which has two entry points, including one off a rear mudroom to the fenced patio and two-car parking at the back of the 15-by-126-foot lot.
The Agent's Take: "[The sellers] handed us a home that was completely and beautifully renovated, and empty and ready for us to do our magic," says Ms. Bergman, who brought in a professional stager to add the final touches.
"[And] there were still some lovely Victorian elements to the home, including some beautiful stained glass."
The volume of space to work with inside was another highlight. "At some point, there had been an addition put on the home, so … it has a formal living room, dining room, kitchen and family room, which makes it unique for the neighbourhood, especially for an Victorian era home," Ms. Bregman says.
"And it has a great basement apartment, which also gave buyers an opportunity to bid a bit more because there is the potential for rental income."