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$106,000 over asking wins Toronto bungalow

6 AMBLESIDE AVE.

ASKING PRICE

$548,000

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SELLING PRICE

$654,000

PREVIOUS SELLING PRICE

$327,500 (2004)

TAXES

$3,211 (2011)

DAYS ON THE MARKET

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Three

LISTING AGENTS

Jill Stewart and Robert LePage, Royal LePage Real Estate Services Ltd.

The Action:On a quiet street just a five-minute walk from the Etobicoke School of the Arts, this 1 1/2-storey residence was due for several days of market exposure before any bids were reviewed. However, plans changed when a similarly property nearby – also listed in the mid-$500,000s – sold in a bidding war a week before, which possibly prompted one visitor to submit a bully bid that triggered a multiple-offer situation between five buyers.

What They Got:In the past few years, the sellers of this roughly 50-year-old house improved its style and form by replacing the roof and mechanics, remodelling the two bathrooms, including the master ensuite, and refinishing the hardwood floors in the living and dining areas and two bedrooms upstairs.

Extensive renovations were also done in the eat-in kitchen, which features granite counters and stainless-steel appliances, including a gas stove, and a lower-level recreation room and guest bedroom.

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A main-floor sun room has a walkout to a new deck, perennial garden and shed at the back of the 51-by-105-foot lot, which has a private double driveway to an attached garage around the front.

The Agent's Take:"It showed really beautifully with a nice new kitchen and a sun room overlooking the property," says agent Jill Stewart. "The area has greater appeal because the size of the lot for the dollar and it's pretty convenient to lots of things."

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