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Low inventory boosts sale price for High Park home

Done Deal, 86 Abbott Ave., Toronto

86 ABBOTT AVE., TORONTO

ASKING PRICE $778,000

SELLING PRICE $817,000

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PREVIOUS SELLING PRICE $375,000 (1990)

TAXES $5,943 (2010)

DAYS ON THE MARKET Seven

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

The Action: About 30 buyers arranged to visit this detached, 2½-storey property in the week before offers were reviewed. With few alternatives in the same condition, several buyers presented competing bids, including one that added $39,000 to the list price.

What They Got: There is 1,990 square feet of living space in this nearly century-old brick residence, which sits on a 25-by-177-foot lot within a ten-minute walk of High Park, Keele subway station and Bloor Street shops.

On the main floor, there are open-concept living and dining rooms, a rear family room and a galley kitchen, as well as a walkout to a deck and private backyard.

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There are four bathrooms - one per floor - and a laundry room amidst the three bedrooms on the second floor.

The master suite occupies the entire third floor with his and her closets and a three-piece bathroom.

The 730-square-foot basement features a workshop with a walkout and a paneled recreation room with a wet bar.

Additional assets include hardwood floors throughout, updated roof, wiring and broiler, and premium parking off a rear laneway.

The Agent's Take: "It's on a high part of a hill, so there's a great view when you're amongst these 100 year-old oak trees," says agent Rob LePage. "It was a very pretty location, had great curb appeal and was detached, [plus]the interesting thing it did have was his and her garages."

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