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147 Major St., Toronto.

147 Major St., Toronto

Asking price: $1,390,000

Selling price: $1.3-million

Taxes: $5,250 (2018)

Days on the market: seven

Co-op agent: Mary Jo Vradis, Royal LePage Estate Realty

The action: Agent Mary Jo Vradis ended her clients’ sporadic year-long house hunt this April at this 2 1/2-storey duplex in a prime downtown location. She said the professional couple intend a thorough renovation.

“They wanted something in the Annex … but the prices are so high. So in order to get into it, we needed to find something that needed work,” Ms. Vradis said.

“A house literally down the street that was completely renovated sold for over $2-million, so … they could put in $700,000 – and make it spectacular and the way they want – and they won’t lose a penny.”

What they got: This brick Victorian is currently configured with two suites and a water-damaged basement, plus a private backyard and garage exiting to a lane behind the 19-by-94-foot lot.

Ten-foot ceilings grace the main floor unit, which contains a den, sunroom, living room and kitchen with a side exit.

The renovated two-storey suite above features an open den and kitchen with a deck on the second floor, as well as a spiral staircase to one of two bedrooms.

The agent’s take: “This is right at Harbord and Spadina, which is really fabulous,” Ms. Vradis said.

“One of the selling features of this property is it’s a legal duplex – not that it was being used as one – but they could make part of it a rental and it’d be legal. It also has parking and a lot of great Victorian features to it, so it has good bones.”

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