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Royal LePage Real Estate Services Ltd.

571 Windermere Ave., Toronto

Asking price: $1,399,000

Selling price: $1,701,000

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Previous selling price: $306,000 (1998)

Taxes: $5,760 (2019)

Days on the market: Two

Listing agent: Andrea Morrison, Royal LePage Real Estate Services Ltd.

The action

The nearly-century-old home has been modernized inside and out.

Royal LePage Real Estate Services Ltd.

In late March, agent Andrea Morrison adopted many safety measures to showcase this three-bedroom house, from sharing floor plans and home inspection reports online to sanitizing the interior. After just three showings, two parties submitted bids.

“It’s a really good house and there’s demand for that,” Ms. Morrison said.

“[Visitors] wore masks and rubber gloves and we had everything sanitized, all the lights were on and cupboards ajar. It’s sort of a great way of doing business, because people that are looking are serious.”

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What they got

The open kitchen has a stone-topped island.

Royal LePage Real Estate Services Ltd.

This two-storey house was built on a 25-foot-by-122-foot lot in the 1920s, but in recent years, it has been modernized inside and out.

The main gathering areas include a living room with a fireplace and an open kitchen and dining area with a stone-topped island and double doors to a deck and sports court.

The basement has its own entrance, office, recreation area and one of two full bathrooms.

The agent’s take

The layout features an open dining and living area.

Royal LePage Real Estate Services Ltd.

“It’s in the heart of Bloor West, and has the coveted schools – like Runnymede public, Humberside and St. Pius – within walking distance,” Ms. Morrison said.

“It’s detached with legal pad parking, and the renovations have been very nicely done with the wall between the kitchen and dining room opened up and a walkout to a big yard.”

The outdoor space also has a large area with paving stones for year-round use. “They are a very active family, so in the winter they make a hockey rink,” Ms. Morrison said.

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Economist Mohamed El-Erian says that the coronavirus shutdown will create a buyer's market for real estate, offset by reduced incomes putting stress on the whole sector. El-Erian was in conversation with Rudyard Griffiths from the Munk Debates. The Globe and Mail

Your house is your most valuable asset. We have a weekly Real Estate newsletter to help you stay on top of news on the housing market, mortgages, the latest closings and more. Sign up today.

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