Sale of the Week: the $1.2-million King West house that proves there are still detached homes in condoland

Sale of the Week: the $1.2-million King West house that proves there are still detached homes in condoland

(Image: Caralyn Ing Photography) (Image: Caralyn Ing Photography)
 

Address: 122 Niagara Street
Neighbourhood: Niagara
Agent: Amar Tamber and Andrea Davidson, Re/Max Vision Realty Inc., Brokerage

The Property: This home’s loft-like interior seems fitting for a pad located just off King West, as does all the exposed brick. A stone patio area to the side of the property doubles as parking for up to two cars.

The History: The property was originally built as a stable around the turn of the century, but it had been converted into a residence long before the sellers, a young family, purchased it in 2006. At the time, the house was essentially a bungalow, with a partial second storey. Three years later they upgraded the bathrooms and kitchen and added a full second floor. The main level’s stained glass window and exposed brick and beams are all that remain of the home’s original interior.

The Fate: The buyers, a professional couple, are getting into the neighbourhood at a good time: the nearby slaughterhouse, famous for its associated odours, was decommissioned in 2014. According to the agent, developers, including the ones who put in offers on this home and several of its neighbours, are among those hoping to capitalize on the resulting uptick in demand.

The Sale: The sellers bought the property for $362,000 prior to renovating it. Unlike the much larger suburban home they’ll be moving into, 122 Niagara lacks a backyard on its pint-sized lot, which was a turnoff for some suitors. Still, it’s a rare detached home in the middle of condoland. It attracted three offers and sold in 21 days.

By the Numbers:

• $1,236,000
• 1,600 square feet above grade, approximately
• 95 per cent of list price
• 21 days on the market
• 3+1 bedrooms
• 3 bathrooms
• 3 offers
• 2-car parking (or patio)
• 1 new storey