Ipro Realty Ltd.
578 Balliol St., Toronto
Asking price: $1,279,000 (October, 2023)
Previous asking price: $1.329-million (September, 2023)
Selling price: $1.21-million (October, 2023)
Previous selling prices: $690,000 (April, 2014); $430,000 (July, 2006)
Taxes: $5,336 (2023)
Days on the market: 13
Property days on market: 33
Buyers’ agent: Ira Jelinek, Harvey Kalles Real Estate Ltd.
The action
This two-storey house was built in the 1950s and has 1,170 square feet of living space.Ipro Realty Ltd.
Agent Ira Jelinek’s clients had budgeted $1.35-million and were looking for a turnkey, semi-detached house in midtown Toronto. They were outbid on their first pick and turned to this three-bedroom property. In their estimation, it needed some work, but a price reduction this fall from $1.329-million to $1.279-million made them chance an offer.
“We hadn’t seen it when it was at a higher price prior, so when we saw it, I called the agent and they said they wouldn’t take less than a certain amount,” said Mr. Jelinek.
“So, there was a lot of back and forth.”
What they got
Between 2015 and 2023, the owners updated the heating and cooling systems, the main bathroom upstairs, and the kitchen and laundry appliances.Ipro Realty Ltd.
This two-storey house was built in the 1950s and has 1,170 square feet of living space, including formal living and dining rooms with hardwood flooring.
The basement is partially finished with a separate side entrance to the backyard.
Between 2015 and 2023, the owners updated the heating and cooling systems, the main bathroom upstairs, and the kitchen and laundry appliances.
There’s also a new steel front door and new fencing on the 18- by 100-foot lot.
Parking on a mutual driveway is shared with a neighbour on alternate months.
The agent’s take
The formal living and dining rooms have hardwood flooring.Ipro Realty Ltd.
“The semis [in this neighbourhood] are either older homes that haven’t been renovated or have been renovated, and there’s a mix of detached houses that could be $3.5-million to $1.7-million,” said Mr. Jelinek.
“[Here], there’s potential to renovate the basement to add a couple of washrooms, and maybe add a parking spot.”
As for the property’s location, the buyers had no complaints. “The block was very nice and comfortable, people seemed very nice, so it was a good neighbourhood,” Mr. Jelinek said.