Sale of the Week: the Trinity Bellwoods home that proves $1 million doesn’t buy as much as it used to

Sale of the Week: the Trinity Bellwoods home that proves $1 million doesn’t buy as much as it used to

Address: 194 Euclid Avenue
Neighbourhood: Trinity Bellwoods
Agent: Diti Coutinho, Sutton Group-Associates Realty Inc., Brokerage

The Property: This detached, single-storey home is five minutes east of Trinity Bellwoods Park. It has approximately 1,700 square feet of hardwood floors, as well as a finished basement suite with its own kitchen and entry.

The History: The home was originally intended to have two storeys when it was rebuilt by a previous owner in the ’70s. The most recent sellers, a retired Portuguese couple, upgraded the mechanical systems about 10 years ago.

The Fate: The place still has its two-storey foundation, making a second-storey addition a possibility. The buyers, a family, have no immediate plans to renovate.

The Sale: 194 Euclid’s ample living space was a draw, but its seven-figure selling price is probably attributable to the fact that it’s detached. Despite its less-than-stylish looks and lack of a second floor, the house drew eight offers after one week on the market. For context, a new, three-storey semi in the area recently sold for $1.18 million, while an end-unit townhouse closer to the park closed for $970,000, even though it was listed for $50,000 more than this place was.

By the Numbers:

• $1,080,000
• 1,700 square feet, approximately
• 127 per cent of list price
• 7 days on the market
• 2+1 bedrooms
• 2 washrooms
• 8 offers
• 2-car detached garage
• 1 basement suite