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Danforth home with a sub-$400,000 price tag goes fast

49 ORLEY AVE., TORONTO

ASKING PRICE $399,900

SELLING PRICE $419,000

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TAXES $2,208 (2014)

DAYS ON THE MARKET Seven

LISTING AGENT Mary Jo Vradis, Royal LePage Estate Realty

The Action: Close to TTC and GO stations on Danforth Avenue, this original 1930s bungalow was one of few east-end properties available, especially at around $400,000. So the sellers wanted to assess any offers after hosting two open houses, which was followed by a bidding war between three shoppers.

What They Got: For 60 years, one family resided in this nearly 80-year-old bungalow with a two-bedroom and one-bathroom plan, formal living and dining rooms and a separate kitchen.

Additional shelter and storage can be found in the unfinished basement or out on the 25-by-100-foot lot, where there is an updated back porch, south-facing yard and garage.

The Agent's Take: "It's a cute, quaint little bungalow that attracted mostly first-time buyers and builders," says agent Mary Jo Vradis, who has seen more new homes replace older ones like this.

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"It's a changing and up-and-coming neighbourhood with a high Walk Score: It's walking distance to the subway and Danforth."

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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