36 DUGGAN AVE., TORONTO
ASKING PRICE $949,000
SELLING PRICE $935,000
TAXES $5,236 (2012)
DAYS ON THE MARKET Six
LISTING AGENTS Cameron Weir and Scott Hanton, Keller Williams Advantage Realty
The Action: Just down the street from Upper Canada College, this detached, brick property was listed under $900,000 in a gamble that it would generate a bidding war in the spring. Competition didn't materialize with many buyers sitting on the sidelines, so it was relisted at a higher price and a deal was negotiated shortly after for $935,000.
What They Got: This 1,328-square-foot house bears traditional design and decor with a front porch leading into a fireside living and dining area cushioned with broadloom carpeting and a rear deck off a separate kitchen with laminate floors.
The upper floor is divided up for three bedrooms and a bathroom, while the 623-square-foot basement has an open recreation area with concrete floors.
Two-car parking on a mutual driveway completes the 22-by-122-foot lot.
The Agent's Take: "It's a nice, quiet, coveted area within a five-minute walk to Yonge and St. Clair," agent Cameron Weir said. "[Plus] it's ideal for young couples or a young family looking to get into the area because you have UCC and other great schools nearby."
With property values climbing steadily in the area, buyers also recognized this home's potential.
"The lot was very spacious and a detached house is always fantastic because you can do extensive renovations if you want to," Mr. Weir adds.
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.