Weston bungalow sells for $481,000 over asking

25 YORKLEIGH AVE., TORONTO

ASKING PRICE $869,000

SELLING PRICE $1,350,000

TAXES $6,692 (2011)

DAYS ON THE MARKET Nine

LISTING AGENTS Susan Tallarico and Rita Auciello, Sutton Group-Old Mill Realty Inc.

The Action: This original brick bungalow is down the street from a few properties on smaller lots that sold for more than $1-million in bidding wars.

So this was priced in the mid-$800,000s, which quickly piqued the interest of 40 potential buyers who requested private showings and many agents-only and public open houses attendants. On the day the sellers stated they would review offers, there were 10 registered.

What They Got: The large lot easily accommodates a double driveway, an attached garage and this over 60-year-old house composed of three bedrooms, three full bathrooms, a sunken living room and a stone fireplace, a formal dining room and a kitchen with a walkout to the deck and south-facing backyard. There is an extra bedroom in the basement, along with a library and fireside recreation room with walkouts to the garden.

The Agent's Take: "It was a beautiful property because it was 170 by about 200 feet and it was beautifully treed," says agent Rita Auciello, who cites 70-foot lots as the norm. "And it was on a very nice street that's quite prestigious."

Builders were interested in rebuilding on site, while others planned to reside there or renovate."It was a very nice home with a nice design," says Ms. Auciello. "It reminded me of the Mad Men era and a lot of people made that comment."