122 Argyle St., Toronto
Asking price: $949,000
Selling price: $1-million
Previous selling price: $239,500 (1989)
Taxes: $5,030 (2018)
Days on the market: Nine
Listing agent: Bill Thom, Re/Max Realtron Bill Thom Group Realty Inc.
Agent Bill Thom said it was critical to bring in as many buyers as possible into this row home during its first week on the market in July. So, he paid the tenants to provide access to the space, allowing more potential buyers in.
“Things don’t last there. There are bidding wars,” he said. “In my case, we had four offers."
WHAT THEY GOT
Across from Osler Playground, this three-storey home is arranged with two suites and a garage off a mutual driveway on the 15-by-129-foot lot.
One rental suit, which comprises the main floor and lower level, brought in monthly rent of $1,952. Ten-foot ceilings grace the living room, dining area and eat-in kitchen, as well as a sunroom addition with access to the backyard. The basement contains a study and secondary kitchen.
The second unit, fetching $1,240 each month, spans the second and third floors, complete with one kitchen and three bedrooms.
THE AGENT’S TAKE
“The house is 131 years old in the hot and up-and-coming Ossington and Queen area, which has a lot of trendy stores,” Mr. Thom said. “It’s walking distance to everything. If not, there is the subway or streetcars on Dundas or Queen.”
Additional assets could also be found out right out front and back. “It was facing a park, and it has a garage, which is a big bonus,” he said. “Some of these homes don’t have garages.”