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68 Aberdeen Ave., Toronto


ASKING PRICE: $1,089,000

SELLING PRICE: $1,210,000

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PREVIOUS SELLING PRICE: $769,000 (2012); $645,000 (2007); $496,261 (2003)

TAXES: $5,493 (2017)

This three-story townhouse in the Cabbagetown neighbourhood of Toronto, sold for $121,000 over asking in just one day on market.


LISTING AGENT: Kimmé Myles, Royal LePage Real Estate Services Ltd., Johnston and Daniel Division

The Action: Agent Kimmé Myles suspected this freehold townhouse would be popular among house hunters in Cabbagetown, so she priced it slightly below market value to increase its exposure early January. Within 24 hours, her sellers had their choice of two offers.

"We had showings booked throughout the first three days it was to be on the market, so we had to cancel several because we had sold it," Ms. Myles said.

"I knew it would sell quickly, but I didn't expect it would sell in one day, so it speaks to the strength of the market, the fact there's no inventory and there are a lot of buyers who held over from the end of 2017 and ready to go for 2018."

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What They Got: In 2003, this three-storey, brick structure was completed with 1,830 square feet of living space, a rooftop terrace and a garage with interior access.

The interior design is open and modern with clear sightlines from the living room to a back deck off the kitchen, as well as a dining area sitting at the base of a skylit atrium.

The largest of three bedrooms is on the third floor with his-and-her closets, a private bathroom and balcony.

The Agent's Take: "Cabbagetown is such a wonderful area to live in, it's got the largest enclave of restored Victorian homes in all of North America," Ms. Myles said.

"Plus, there are all kinds of gourmet food shops, restaurants and fun coffee shops, and you're steps from Riverdale Farm and transit, and not far from the DVP."

Buyers also recognized the benefits of a newer home in a mature community. "It's not a century home, so it's got large room sizes but still has really high ceilings," Ms. Myles said.

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"And another amazing feature is it has an atrium skylight, so basically all three floors have light."

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