Sale of the Week: the $950,000 Summerhill semi that shows the power of waiting for the right offer

Sale of the Week: the $950,000 Summerhill semi that shows the power of waiting for the right offer

Address: 1A Oaklands Avenue
Neighbourhood: Summerhill
Agent: Kara Reed, Chestnut Park Real Estate Limited, Brokerage

The Property: This freehold Summerhill semi is set up for couples or small families, with just two bedrooms spread over its four levels. Its open concept living area has floor-to-ceiling windows, and the third floor master bedroom has its own massive marble en suite.

The History: The seller snapped up this 36-year-old home around 20 years ago and converted its drive-under garage into a second bedroom. He also renovated the kitchen. He’s downsizing to a condo with fewer stairs and less outdoor maintenance to deal with.

The Fate: The buyers will probably have to refurbish the bathrooms, and they may also need to do some updating throughout the rest of the house. All those wall-to-wall carpets and huge mirrors look a little dated.

The Sale: The home was originally listed over the holidays, typically a slow time of year for real estate. The seller deemed the first offer too low and turned it down. The agent put the property back on the market in January. Within a week, it received three offers, including one from overseas. According to the selling agent, the semi’s uncommonly accessible price (uncommonly accessible for Summerhill, that is) helped create interest.

By the Numbers:

• $950,000
• 1,880 total square feet
• 107 per cent of list price
• 36 years old
• 7 days on the market
• 4 levels
• 3 bathrooms
• 3 offers
• 2 bedrooms
• 2 parking spaces