Sale of the Week: the $1.3-million reno that proves Parkdale isn’t gentrification-proof

Sale of the Week: the $1.3-million reno that proves Parkdale isn’t gentrification-proof


Address: 39 Gwynne Avenue
Neighbourhood: Parkdale
Agent: Howard Esakov, Re/Max Realtron Realty Inc., Brokerage and Michael Gauer, Royal LePage Your Community Realty, Brokerage

The Property: This completely renovated, four-bedroom detached home has contemporary finishes throughout, a modern kitchen with custom counters and a third-floor master bedroom with an en suite. The self-contained basement suite shares the rest of the home’s modern aesthetic, but has its own entrances.

The History: When the sellers originally bought the property, it was “a total wreck” inside, according to the selling agent. Belco Contracting and Renovations replaced everything down to the bricks. The seller even arranged for land to be transferred from a neighbouring site to create parking.

The Fate: The recent proliferation of amenities in nearby Liberty Village has made the southern part of Parkdale more alluring to young professionals like the ones who bought 39 Gwynne.

The Sale: Both the buying and selling agents agree that updated properties like this one are rare in Parkdale south of Queen, which helped generate interest in the listing. The home sold after two weeks on the market.

By the Numbers:

• $1,300,000
• 3,213.5 square feet, including the basement suite
• 90 per cent of list price
• 14 days on the market
• 5 washrooms
• 4+1 bedrooms
• 3 offers
• 2 parking spaces
• 1 basement suite