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Fully reno’d New Toronto home sells quickly

22 FOURTH ST. W., TORONTO

ASKING PRICE $699,900

SELLING PRICE $697,000

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PREVIOUS SELLING PRICES $461,000 (2009); $295,000 (2004); $175,000 (1991)

TAXES $3,424 (2012)

DAYS ON THE MARKET Two

LISTING AGENT Mary Jo Vradis, Royal LePage Estate Realty

The Action: Agent Mary Jo Vradis sold this detached, two-storey house to the current occupants four years ago and they had her put it up for sale again this fall. Within two days, there were roughly 20 interested house hunters – and one solid offer.

What They Got: Many people looking for homes in the New Toronto area seek out bungalows to alter and enlarge, but this 50-year-old brick house is in top form and just ten doors up from the waterfront.

The past two owners did everything from installing new roofing, a porch, a back deck and fencing to upgraded operating systems, smooth ceilings, eco-friendly maple floors and two Toto toilets.

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The layout is somewhat traditional, with a front living room, an adjacent dining room and separate eat-in kitchen with granite counters, new cabinetry, stainless steel appliances and rear sliding doors.

There is a bedroom on the main floor and three more upstairs, including a master suite with a new walk-in closet, vaulted ceiling and unobstructed sight lines down the street to the waterfront.

To the side of the 25-by-123-foot lot, there is a mutual driveway to a garage and rear door to the basement.

The Agent's Take: "It's a rare find for a detached, four-bedroom, two-bathroom, two-parking home in Toronto with a lake view at this price," Ms. Vradis said. "[Plus] it has direct access to the lake from the street, which few streets have."

The vast amount of established amenities nearby also pleased buyers. "You can walk to the parks, community centres, Humber College and a 24-hour streetcar up the street," Ms. Vradis adds. "It's in a really nice family-oriented community in a rapidly changing waterfront neighbourhood."

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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