57 ALCORN AVE., TORONTO
ASKING PRICE $989,000
SELLING PRICE $1,111,000
PREVIOUS SELLING PRICE $430,000 (2002)
TAXES $5,422 (2013)
DAYS ON THE MARKET 14
LISTING AND CO-OP AGENT Boris Kholodov, Royal LePage Real Estate Services Ltd., Johnston and Daniel Division
The Action: This summer, Summerhill was a hotbed of activity for properties listed around $1-million, so this three-storey, semi-detached house quickly caught the attention of a dozen eager buyers who booked showings and countless others who attended weekend open houses. Even with the lack of parking, there were a handful of offers, including one at $1.111-million.
What They Got: This roughly century-old structure is currently set up with two suites totalling 2,153 square feet of living space above grade, as well as a basement apartment.
The main floor suite contains a living room, dining area and kitchen, along with a bedroom with sliding doors to the deck and south-facing backyard on the 17-by-79-foot lot.
A third unit occupying the top two floors features a fireside living room and dining and cooking quarters down the hall from a second-floor bedroom with a deck, plus two third floor bedrooms.
The Agent's Take: "This is a semi that is now used as a multi-unit property and the buyer was attracted to that," agent Boris Kholodov says. "Most people would keep it as is right now and potentially convert it into single-family use in the future."
For instance, the space works well in its current state. "It's in good condition, it had been maintained," adds Mr. Kholodov. "This one in particular has a special lower level with a walkout at the front."
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.