85 MACDONALD ST., TORONTO
ASKING PRICE $489,900
SELLING PRICE $535,000
PREVIOUS SELLING PRICES $345,000 (2007) ; $259,000 (2004); $194,000 (2000); $190,000 (1989)
TAXES $2,752 (2014)
DAYS ON THE MARKET One
LISTING AGENTS Jenelle Cameron, Laura Golbeck and Miranda Mckenna, Re/Max Hallmark Realty Ltd.
The Action: The sellers of this two-bedroom bungalow were prepared to take offers after one week to maximize market exposure. But with few comparables in the waterfront community, one of the first 20 visitors presented a pre-emptive bid on the day it was posted.
What They Got: A 25-by-125-foot lot was carved out with two-car parking and this 1940s residence, which was improved over time with an updated main-floor bathroom and furnace to new eavestroughs and south-facing deck.
Classic hardwood floors run throughout the bedrooms, kitchen and open living and dining area.
Above-grade windows illuminate the recreation and play areas in the basement, which also has a full bathroom and a back exit.
The Agent's Take: "This is a great little, solid brick bungalow in high-demand Mimico Village," agent Jenelle Cameron said.
"It's located on a lovely tree-lined street in a wonderful family neighbourhood, right in the John English school district, so it was very attractive to buyers with families."
Given that a local magazine proclaimed the area to be one of the city's hottest, buyers saw the value of this property listed under half a million.
"The home has two large bedrooms, an eat-in kitchen with access to the back deck and a large, private yard, and countless renovations made throughout," Ms. Cameron said.
"A separate entrance to the fully finished basement gives the potential for an income suite, another huge draw for buyers."
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.