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531 Arlington Ave.

ASKING PRICE $899,000

SELLING PRICE $1,038,000

PREVIOUS SELLING PRICE $155,000 (1997)

TAXES $3,510 (2014)

DAYS ON THE MARKET Eight

LISTING AGENT Ira Jelinek, Harvey Kalles Real Estate Ltd.

The Action: Aspiring homeowners in Cedarvale are often faced with bidding wars, which is what took place at this two-storey residence that backs onto Cedarvale Ravine. It had upwards of 30 parties through its front door and a proposal of $1.038-million put it in the same price bracket as neighbouring homes.

What They Got: Over time, various renovations have modified and expanded this three-bedroom and three-bathroom house so it has separate living and dining rooms, kitchen and skylit office and family room with a walkout to a fenced patio and a 25-by-146-foot lot with parking off a lane.

In addition, there is a basement suite with separate rear entrance, recreation room, kitchen and bedroom.

The Agent's Take: "The property is excellent and could be a forever house because it's backing onto the ravine and Cedarvale Park, which is an in-demand park for the area" says agent Ira Jelinek, who estimates properties backing onto the park only come up once a year.

"[Plus] it's about 40 years old, but it's been updated throughout."

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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