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done deals toronto

121 Marion St., Toronto

Asking price: $899,001

Selling price: $950,000

Previous selling price: $880,000 (2009); $435,000 (2002)

Taxes: $5,011 (2010)

Lot size: 25 by 131 feet

Days on the market: 13

Listing agent: Lucais Shepherd, Re/Max West Realty Inc.

Aside from the obvious appeal of the price and location of this three-storey Victorian in the Roncesvalles community, it is among one of few investment properties found on its tree-lined street, says agent Lucais Shepherd.

As a result, buyers presented a bid just days after its listing was posted. "This home demanded four offers because of its Victorian uniqueness," says Mr. Shepherd. "It was a four-unit place, so it's perfect to live in and rent."

Traditional characteristics and modern conveniences are featured throughout the late-19th-century house, from its brick façade and bay windows to updated wiring and interior decor.

"To be fully renovated like that, with hardwood floors and balconies, that's tough to find," says Mr. Shepherd.

Including the lower level, there is more than 3,300-square feet of space split into four units. Each has a bathroom, kitchen and hydro meter, as well as private, south-facing outdoor space in most cases and separate entrances at the front, side or rear.

"Not everyone was coming through the front door," says Mr. Shepherd, who notes that this also gives tenants more privacy and flexibility to come and go. "It was really well laid out."

The unit occupying the main and lower levels has a side door to the dining area on the ground level, which houses two bedrooms, including one with a fireplace, and a living room with a walkout to the new deck

In the basement, there is a semi-finished recreation room with access to a shared laundry room with a rear entrance.

On the second floor, there are two one-bedroom suites with a living room and entrances off an exterior staircase and interior stairwell from the main foyer.

The previous owner lived on the third floor, which is an open, sky-lit bachelor pad with a living area on one end and sleeping quarters near a walkout to a rooftop terrace with a view of the lake.

For parking, there are two rear spots off a mutual driveway.