642 WELLINGTON ST. W., TORONTO
ASKING PRICE: $899,900
SELLING PRICE: $1,150,000
TAXES: $4,245 (2016)
DAYS ON THE MARKET: nine
LISTING AGENTS: Jim Burtnick and Richard Silver, Sotheby's International Realty Canada
The action: When this four-bedroom row house hit the market in November, there were few comparable houses to compete with it in the highly desirable niche neighbourhood west of downtown. Seven visitors submitted offers, including one that added $250,100 to the list price.
"I didn't go crazy to underprice it," said agent Jim Burtnick. "It's a classic home in a triple A location right downtown. There are a lot of people who don't want to go in a condo, so this is an opportunity to take a house and put your own touches on it."
What they got: The brick façade and stained glass windows of this 1,798-square-foot Victorian are prominent features dating back to 1892. The formal living and dining rooms have crown mouldings and tall baseboards.
For 80 years, the same family occupied the dwelling. They had replaced the roofing, some windows and wiring, and maintained a second kitchen on the upper floor above the main one. The latter has access to the basement, back deck and 15-by 64-foot grounds.
The agent's take: "The thing that really lends itself to renovation was it has a full three storeys with high ceilings on each floor," said Mr. Burtnick.
"And the other redeeming feature was the original staircase banisters that could be restored nicely, so I could see a nice mix of old and new in there."