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Toronto Real Estate Mimicking successful strategy gets four offers for Sunnylea home

14 Ivy Lea Cres., Toronto.

14 Ivy Lea Cres., Toronto

Asking price: $1,499,000

Selling price: $1,660,000

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Taxes: $6,314 (2017)

Days on the market: Seven

Listing agent: Nancie McLeod, Sutton Group Old Mill Realty Inc.

A kitchen and open living and dining areas have refinished hardwood floors.

The action: In Sunnylea, several million-dollar properties followed similar sales patterns early this spring. For instance, this side-split residence with a double garage had four suitors angling to own it after a week of market exposure in April.

“Two to three weeks prior, a very comparable home used the same strategy – [listed for] $1.499-million and holding back [offers] – and they did well,” agent Nancie McLeod said.

“So given the market and the fact little had sold to date, we adopted the same strategy and were more successful.”

What they got: Not far from King’s Mill Park and Humber River is this three-bedroom home with its own nature retreat, complete with a fully fenced 54-by-125-foot lot, south-facing deck and in-ground pool.

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Inside, a kitchen and open living and dining areas have refinished hardwood floors. Directly below is an office, a recreation area with a fireplace, and a guest room with one of three updated bathrooms.

The agent’s take: “It’s an older home from the 1950s, somewhat indicative of the neighbourhood, but it was much bigger than some others … probably two feet bigger on each side,” Ms. McLeod said.

“It was renovated in some areas and needed a little bit of work, so people were happy to complete that themselves to their own taste.”

Buyers were also pleased with the wealth of amenities nearby. “[East Sunnylea homes are] underpriced compared to west Sunnylea. But the schools have improved in the last five years, so young families are more willing to give it a try,” Ms. McLeod said.

“There are lots of trees, it’s close to the Humber and equidistant to downtown and the airport, so it’s very attractive.”

For sale in this area

View similar listings below. Clicking on the map will take you to the listings below.

Open this photo in gallery: Gallery photo 1
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Open this photo in gallery: Gallery photo 1
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