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The Globe and Mail

Mississauga home buyer pays over asking despite nearby strip mall



SELLING PRICE $1,026,000

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TAXES $8,168 (2013)


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

The Action: Some buyers were hesitant about this custom bungalow fearing, the underused plaza next door could be redeveloped in the future. In fact, the property's location in a prime school district in Mississauga was crucial for a buyer who made a substantial bid on the offer date.

What They Got: Five years ago, the long-time homeowners of an original bungalow on a 118-by-164-foot lot replaced it with this roughly 1,500-square-foot version with two bedrooms, multiple entertaining areas and a built-in garage.

Hardwood floors and crown mouldings add classic details to a fireside living room, open dining and cooking area with granite counters, island and Miele and Wolf appliances, as well as double doors to a deck.

Heated floors add warmth to two of three bathrooms, including a five-piece master en suite and a guest bathroom in the basement by a third bedroom, gym and recreation room.

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The Agent's Take: "The current owners did such a great job – not just with the renovation and construction, but decorating and putting it together – so we didn't even have to help them declutter," says agent Irene Kaushanksy, who fielded inquiries from downsizers and families looking to add onto the home.

"[Plus] the way it was built now gave buyers some good options to build on without destroying what's already there."

Even the outdoor space allowed room to grow.

"It's a really large property – 118-by-164 feet – which is not uncommon for Mineola, although it is a little bit bigger than many," adds Ms. Kaushansky. "There are lots of options – you could put in a play set and swimming pool and still have room for a yard."

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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