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Need for updates trims Cabbagetown row house price

Done Deal, 4 Gifford St., Toronto




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TAXES $3,750 (2011)


CO-OP AGENTS Irene Kaushansky and Philip Brown, Keller Williams Advantage Realty

The Action: Irene Kaushansky and Philip Brown had clients looking to move from a condominium townhouse on a busy street to a larger, freehold option in a quieter setting. The agents showed them over a dozen possible homes, including this roughly 40-year-old townhouse in the historic Cabbagetown community.

An offer date had been set on the home. The buyers, fearing this indicated the possibility of a bidding war, held back. They also judged that the home's vintage and footprint would deter some bidders, so when they did decide to put in an offer, they proposed slightly less than the asking price. The offer was accepted.

What They Got: This three-storey house is situated within a row of attached brick townhouses with its own private driveway, built-in garage and a fenced-in garden and patio off a fireside family room on the ground level.

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The primary entertaining space is on the second floor with a central dining area between a traditional kitchen and open living room with a Juliet balcony.

A sky lit landing on the top level leads to three bedrooms and the larger of two bathrooms.

The Agent's Take: "[The buyers]were certainly able to see past its current state to imagine its potential," says Ms. Kaushanksy who explains that her clients will modernize the layout and decor. "There was lots and lots of space, and it was on a small, quieter street in Cabbagetown."

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