642 Briar Hill Ave., Toronto
Asking price: $1,795,000
Selling price: $2.4-million
Previous selling price: $596,000 (1987)
Taxes: $9,792 (2019)
Days on the market: Seven
Listing agents: André Kutyan and Robert Greenberg, Harvey Kalles Real Estate Ltd.
This four-bedroom house was slated to launch in April, but those plans were fast-tracked to get ahead of mounting shutdowns related to COVID-19. Marketing materials were posted online on March 24, including a home inspection report, and visitors were checked for flu-like symptoms and given strict viewing instructions and protective gear.
“What has changed significantly was the ratio of offers to showings. I had five offers and we had just over 20 showings, so about a quarter who came to see the home put an offer forward, which is a very high percentage,” agent André Kutyan said.
“Over a period of about eight weeks, there were no more than two or three homes on the market [in the area], and usually not on at the same time … so it gives you an idea of the inventory level.”
What they got
This centre-hall residence with an attached garage was built in 1952 and has a formal dining room and two entertaining areas with wood-burning fireplaces, including one in the 1,150-square-foot basement.
The kitchen and one of four bathrooms have been renovated. A rear addition has created a new family room and sunken breakfast area with access to the back deck.
The agent’s take
“When you get into Allenby, lots go to about 30 [feet] to 40 feet in frontage, but a little further west like this, you get a 50-[foot]-by-124-foot lot, which is a good size lot,” Mr. Kutyan said.
“Even at $2.4-million, most of that value is in the land, not the house.”
As a result, this 2,165-square-foot house suited many buyers. “The home is in good shape, but someone could have bought it to do an addition or renovations or even to tear it down,” Mr. Kutyan said.
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