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The Globe and Mail

Detached Beaches house goes for $26,000 over asking

122 Kenilworth Avenue, Toronto

ASKING PRICE $1,049,000

SELLING PRICE $1,075,000

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PREVIOUS SELLING PRICEs $842,000 (2011); $527,500 (2005); $341,000 (2002)

TAXES $4,981 (2015)


LISTING AGENTS Irene Kaushansky and Philip Brown, Keller Williams Neighbourhood Realty

The Action: In the Beaches, intense bidding wars were less common in early June. So this three-storey residence on a dead-end portion of a popular street had just one solid bid on the offer date following a week of showings to 65 buyers between private tours and three open houses.

What They Got: Like many neighbouring properties, a 20-by-104-foot parcel has front yard parking and stairs leading up to this more than century-old structure.

The interior was recently redesigned with a living room with hardwood floors and open cooking and dining area with pot lights, heated floors, quartz counters and high-end appliances, as well as a pantry, built-in window seat, computer nook and exit to the deck and patio.

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The upper floors both have two bedrooms, including one with a deck off the second floor, while the lower level is solely designated as a recreation room with one of two full bathrooms.

The Agent's Take: "It was detached, but it wasn't a very big house," says agent Irene Kaushansky.

"[For] a house that had originally been very closed-up and narrow, the renovation opened everything up, brightened it and made it very functional. So that whole main living space was really the biggest selling feature."

Turnover is low on the street, given its secluded setting in an urban area. "It's on a dead-end stretch of the street, which was really very attractive, with less traffic, and it's located in what we affectionately call the downtown Beach," Ms. Kaushansky says.

"It's in the Kew Beach School district," she adds, "which is … a selling point to others."

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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