86 Woburn Ave., Toronto
Asking price: $1,295,000 (September, 2021)
Selling price: $1,750,000 (September, 2021)
Previous selling price: $985,000 (November, 2014); $840,000 (January, 2011); $635,000 (June, 2006); $377,500 (March, 2004)
Taxes: $6,379 (2021)
Days on the market: Six
Listing agents: Andre Kutyan and Robert Greenberg, Harvey Kalles Real Estate Ltd.
The sellers of this semi-detached house looked to make the most of its double garage and laneway access by outlining for buyers the opportunity to build a secondary suite on the 20- by 120-foot lot. A tree blocking the way was removed and arrangements made with Bell to reposition a telephone pole that might also be an obstruction. Agent Andre Kutyan had a professional assessment done of the site and determined that a two-storey laneway home with a basement could potentially be built there, pending city approvals.
Over 100 buyers toured the house and 14 submitted purchase offers.
“Any time I have a property on a lane now, it’s a big selling feature, whether you do something now or later,” said Mr. Kutyan.
“Out of 14 offers, three were over $1.7-million and only one was under $1.6-million. So the vast majority of people coming forward had a general idea – within a $100,000 range – of where this should fall.”
What they got
The 98-year-old house contains 1,302-square feet of living space, plus a 523-square-foot basement.
Over two decades, the interiors were updated and reconfigured. Highlights include a living room with a gas fireplace and a dining area with access to a large deck. The central kitchen has quartz countertops, hardwood flooring and stainless steel appliances.
The agent’s take
“Usually these original, semi-detached ones in the area would have three bedrooms and maybe two baths at best,” said Mr. Kutyan.
“This was fully renovated on the main floor with a nice open concept kitchen and a powder room, which is rare, and upstairs the primary bedroom has its own ensuite bathroom as well, so it has four bathrooms.”
A place for the car and a nearby playground were additional assets. “Usually homes on 20-foot lot like this will have mutual drives with pad parking or no parking at all, so to have two-car parking is a big deal,” Mr. Kutyan said.
“It’s right across the street from Woburn [Avenue] Playground with a splash pad, washroom and full playground … and you’re a block in from Yonge Street.”
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