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Little Italy semi goes for $263,500 more than asking price

515 MANNING AVE., TORONTO

ASKING PRICE $849,000

SELLING PRICE $1,112,500

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PREVIOUS SELLING PRICE $615,008 (2007)

TAXES $4,392.56 (2013)

LOT SIZE 16.5 feet by 130 feet

DAYS ON THE MARKET Nine

LISTING AGENT Winhan Wong, Sutton Group Associates Realty Inc.

The Action: This four-bedroom semi in the sought-after Little Italy neighbourhood drew scores of interested parties. Would-be buyers were so eager that three attempted bully offers – which the owners rejected – and eight filed formal bids on the offer date. The winning bid was $263,500 more than the asking price.

What They Got: This updated Victorian was actually converted back into a single family home after an earlier incarnation as a triplex rental. Exposed brick walls added a warm feel to the interior and a separate basement entrance holds the potential for a rental apartment or nanny suite. The home comes with a single car garage and landscaped gardens.

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The Agent's Take: The home was in "perfect move-in condition," says agent Winhan Wong. "What a lot of people liked was the third-floor master ensuite," he says, but the home's overall presentation made it instantly appealing to many house hunters. "It's been really well maintained."

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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