163 Chiltern Hill Rd., Toronto
Asking price: $1,499,800
Selling price: $1.45-million
Previous selling prices: $925,000 (2013); $782,000 (2010); $675,000 (2007); $565,000 (2005); $250,000 (1997)
Taxes: $5,800 (2017)
Days on the market: 10
Listing agent: Ira Jelinek, Harvey Kalles Real Estate Ltd.
Properties close to busy main streets are often less desirable than those on quiet residential roads, and this 2½-storey house had the added disadvantage of being just feet away from construction of the Eglinton Crosstown LRT. A price reduction to less than $1.5-million kick-started negotiations with a buyer in June.
“There were other houses for sale in the area, but this one happened to be [on the first street] in from Eglinton, so it took a lot of effort to get a sale,” agent Ira Jelinek said.
“Proximity to the LRT is a good and bad thing. Some people are annoyed with it now and some might like it because they’ll have access to it [in the future].”
What they got
This roughly 50-year-old, brick structure was kept in good condition with an updated roof, mechanics and windows, as well as a rebuilt porch and redesigned front and backyards on the 25-by-115-foot grounds.
The floor plan still has formal living and dining rooms and separate renovated eat-in kitchen with an exit to a deck and garage.
The second floor offers a nursery, three bedrooms and one of three bathrooms. The third floor is an open loft space.
The agent’s take
“A lot of people want to get into the neighbourhood and the school district,” Mr. Jelinek said.
“Not only were we the most affordable house in the neighbourhood, but also, you could rent out the basement, which was fully done with a side entrance.”