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Toronto Real Estate Buyers get second shot to buy Eglinton West home for $1.136-million

447 Winnett Ave., Toronto

447 Winnett Ave., Toronto

Asking price: Not available

Selling price: $1.136-million

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Taxes: $3,856 (2018)

Days on the market: Not available

Co-op agent: Ira Jelinek, Harvey Kalles Real Estate

The action: Clients of agent Ira Jelinek wanted a lot they could build on somewhere around Eglinton Avenue and Allen Road, so he brought them a list of 10 contenders. Among them was this two-bedroom bungalow, which was listed privately. Bidding in a second round of offers against another potential buyer in late April, they came up with a winning bid of $1.136-million.

“Between $950,000 and $1-million is what the seller’s agent indicated [they wanted],” Mr. Jelinek said.

“The size of the lot was perfect, the price range was right in line [with the buyer’s budget] and the size of the house they could build – without going through too much red tape – was perfect as well.”

What they got: A 32-by-133-foot lot provides ample space for this post-Second World War bungalow with a long private driveway out front and east-facing yard at the rear.

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The agent’s take: “It’s a great midtown location, not too far from anything,” Mr. Jelinek said. “Most [lots] are 25- to 30-feet wide, so this one was a little wider.”

The generous dimensions will allow the buyers to erect a three-storey house with five bedrooms and six bathrooms. “This is what people are building now in the area,” Mr. Jelinek said.

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