Skip to main content

Done Deal, 373 Winnett Ave., Toronto

373 WINNETT AVE., TORONTO

ASKING PRICE $699,000

SELLING PRICE $800,000

Story continues below advertisement

PREVIOUS SELLING PRICES $516,000 (2011); $326,000 (Oct., 2004); $229,000 (April, 2004)

TAXES $2,995 (2015)

DAYS ON THE MARKET Six

CO-OP AGENTS Ira Jelinek, Sarah Lever, Harvey Kalles Real Estate Ltd.

The Action: When tasked with finding a small house for older buyers, agent Ira Jelinek suggested a few options in the Cedarvale community. Given the high ratio of buyers to available homes in February, they formulated a strong pre-emptive offer to purchase this detached residence.

What They Got: Much of the value of this two-storey, brick house with a lower-level recreation room lies primarily with its 19-by-128-foot lot near the Allen Expressway, Eglinton West subway station and future LRT line, as well as shops, schools and Cedarvale Park.

The interior bears a two-bedroom and two-bathroom plan with a living room and formal dining area with hardwood floors, wainscotting and a door to a 360-square-foot deck and fenced backyard with peach and cherry trees, plus an updated kitchen with granite counters, tumbled stone backsplashes and stainless steel appliances.

Story continues below advertisement

The Agent's Take: "[The sellers] were looking for a nice, cute and small house, where they're paying almost land value for it, so this was perfect for them," Mr. Jelinek says.

"If there was no house on that, [the land value] would probably be $700,000 to $750,000."

This gave the buyers the flexibility to stay long-term or resell as the community evolves. "Because the house was small, you could expand through the back if they decide to one day," Mr. Jelinek notes.

"Or there may be an opportunity one day to develop or build."

Report an error Editorial code of conduct
Comments

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • All comments will be reviewed by one or more moderators before being posted to the site. This should only take a few moments.
  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed. Commenters who repeatedly violate community guidelines may be suspended, causing them to temporarily lose their ability to engage with comments.

Read our community guidelines here

Discussion loading ...

Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.
Cannabis pro newsletter