36 Edgecroft Rd.
ASKING PRICE $449,900
SELLING PRICE $541,000
TAXES $3,035 (2011)
DAYS ON THE MARKET Six
LISTING AGENT Ed Allan, Royal LePage West Realty Group Ltd.
The Action: Because of the enduring popularity of the Queensway community, many properties sell swiftly in fierce bidding wars. A dearth of homes on the market make this especially so. Offers were held back on this brick bungalow while it was given six days of exposure, drawing over 200 visitors. The sellers then chose from among 12 offers, with the winning offer going $91,100 over asking.
What They Got: On a quiet, tree-lined street, the over 60-year-old bungalow was outfitted with new roofing and five appliances in the last three years, while its heating and cooling systems were replaced over a decade ago.
Original charm ranges from hardwood floors beneath broadloom in the two bedrooms, living and dining rooms to a brick fireplace in the lower level recreation room by the guest bedroom and second bathroom.
Off the kitchen, there is a covered deck, patio, indoor and outdoor parking.
The Agent's Take: "It's a great area because it's in the Queensway close to … TTC and Mimico GO stations and the QEW that will all take you to the downtown core, and it's ten minutes to Pearson airport and Billy Bishop airport," agent Ed Allan said.
"And it's part of the Queensway theatre district and there are two local No Frills grocery stores, good shopping and excellent schools."
Older homes are often replaced by larger ones, which may be the fate of this one. "The lot was very good at 41-by-133-[feet]," adds Mr. Allan. "And it has a private drive and a really nice detached garage, which is an oversized garage and you can actually work out of it if you want to or it would be an ideal hobby room."