Sale of the Week: The Roncesvalles house that gained $1 million in value

Sale of the Week: The Roncesvalles house that gained $1 million in value

Listed At
Sold For

Address: 14 Garden Avenue
Neighbourhood: Roncesvalles
Agent: Nancy Shea, Re/Max Aboutowne Realty Corp., Brokerage
Previously sold for: $366,000, in 2000

The property

A semi-detached in Roncesvalles that appreciated by almost $1 million in fifteen years.

Here’s the entrance:


The living room:


The dining room:


And the kitchen, with a door to the backyard:


There are two bedrooms on the second floor. This one has a skylight:


The master bedroom:


And the backyard:


The history

The sellers bought the place back in 2000 for just $366,000. They decided to sell this year, so they could be closer to their youngest son’s new high school. They repainted the interior and exterior, updated the lighting, and redid the kitchen flooring. They also updated the five-piece bathroom:


And added a steel and glass railing in the third-floor loft:


The fate

The buyer, a commercial real estate agent, has already moved in. He was keen to be in Roncey because he knows properties in the area tend to sell easily, and for high prices.

The sale

The house attracted tons of interest: more than fifty groups of buyers over two open houses, plus 49 showings. The sellers hadn’t planned on taking a preemptive offer, but, when one came in, they were tempted. Their agent was able to bring in seven other offers within the four-hour irrevocable period—but the first one was still the highest, at about $352,000 over asking. The sellers accepted.

By the numbers

• $1,252,000
• $5,304.28 in taxes (2016)
• 1,500 square feet
• 7 days on MLS
• 3 bedrooms
• 1 bathroom

The Hunt