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Victorian-era bakery priced to undercut competing Annex homes Add to ...

380 LIPPINCOTT ST., TORONTO

ASKING PRICE $1,045,000

SELLING PRICE $1,100,000

TAXES $5,892 (2014)

DAYS ON THE MARKET 7

LISTING AGENT Lucais Shepherd, Right at Home Realty Inc.

The Action: This century-old Victorian was priced just over $1-million to undercut other pricier Annex properties listed at the same time. By the time the presentation date arrived, there was an offer with a $55,000 premium.

What They Got: This 2 1/2-storey structure shelters classic and unconventional details, from its original banister, stained glass and bay windows in areas such as the dining room to a fireside family room with 12-foot ceilings, patio access, brick walls, and a floor-to-ceiling fireplace and oven when it served as the Bathurst Bakery in 1888.

Updates include new black iron fencing at the front of the 20-by-125-foot lot, a second bathroom installed in the basement and stainless steel appliances in the kitchen, which also has an exit to a deck, koi pond, fountain, shed and laneway exiting to Loretto Lane.

The second floor is laid out with one of two bathrooms and three bedrooms, including one with a sky-lit cathedral ceiling, and another with stairs to a loft.

The Agent’s Take: “What’s great about that area is that it’s literally steps to the Bloor and Bathurst subway stop … and it’s a historic intersection in Mirvish Village,” says agent Lucais Shepherd. “[This house] also has frontage on two streets, which is kind of handy.”

Inside are more marvels, from four bay windows to a red ceramic-tiled bathroom with skylights and a clawfoot tub.

“This house was a Victorian and … the bakery built off the back of the house became a huge family room. It’s roughly over 21-feet [wide] – and there are some lots in Toronto that are not much bigger than that – so that was a room that was a real surprise,” Mr. Shepherd notes.

“[Plus] the library had a small hidden wet bar where the owner kept his Irish whiskey. It was a neat room.”

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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