213 WALLACE AVE., TORONTO
ASKING PRICE $599,000
SELLING PRICE $610,000
PREVIOUS SELLING PRICE $312,000 (2010)
TAXES $2,560 (2014)
DAYS ON THE MARKET Nine
LISTING AGENT Nutan Brown, Royal LePage West Realty Group Ltd.
The Action: Properties for sale in the Wallace Emerson neighbourhood were moving quickly last fall, so when this detached house hit the market there were plenty of potential buyers ready to take a look. After about two dozen showings and an open house attended by roughly 75 people, a visitor hoping to bypass a bidding war on the offer date presented an early bid of $610,000, which the seller accepted.
What They Got: In recent years, this more than century-old brick-and-wood structure merged its farmhouse roots with contemporary conveniences, from a wide porch and rich hardwood floors to open living and dining spaces and an eat-in kitchen with stainless steel appliances and French doors to a south-facing deck and parking behind the 18-by-98-foot lot.
Full bathrooms serve two upper bedrooms and an office, as well as a lower level guest suite and recreation room.
The Agent's Take: "It's in the Junction Triangle, so it's a sought-after hipster area with lots of great shops and [the] subway close by," says agent Nutan Brown.
"If you were looking for a detached [home], this was great value because semis in the area sell for as much or more. This was not a huge house, but it was not attached, so it carried a premium for that."
Another bright point was the integration of different design concepts. "It was renovated in an old farm-style with wide pine floors and [a] country kitchen, so it appealed to a lot of people," Mr. Brown states.
"The main floor was open concept and very welcoming."
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.