Sale of the Week: the $1.3-million Church-Wellesley townhouse that shows what a bully offer can do

Sale of the Week: the $1.3-million Church-Wellesley townhouse that shows what a bully offer can do

Address: 29 Gloucester Street
Neighbourhood: Church-Wellesley Village
Agent: Ken James, Bosley Real Estate Ltd., Brokerage

The Property: The upper levels of this freehold townhouse overlook the ones below, giving it a loft-like feel. The master bedroom takes up the entire third storey and has a spiral staircase that leads to a private rooftop terrace.

The History: The sellers purchased the place five years ago and completely renovated it, ridding it of its 70s-era glass-and-steel interior detailing.

The Fate: The pad’s going to a couple of out-of-towners without kids. Low-rise properties like this one are increasingly rare downtown, which is making them more and more valuable to buyers seeking alternatives to high-rise living.

The Sale: The sellers planned to hold offers for a week, but they received an aggressive bully offer the day after putting the property on the market. They accepted it, and walked away with $100,000 over asking.

By the Numbers:

• $1,300,000
• 2,300 square feet, approximately
• 108 per cent of list price
• 2+1 bathrooms
• 2+1 bedrooms
• 2-car detached garage
• 2 days on the market
• 1 two-storey fireplace