Sold: a completely overhauled home near High Park for $1.25 million
With all the talk of condo bubbles, over-the-top bidding wars and failed flips, wading into Toronto’s housing market requires equal parts bravery and real estate savvy. To help with the latter, we decided to dish when the properties we profile in our House of the Week, Condomonium and Cottage of the Week features are sold. Here, all the details from the latest sale.
The full description: House of the Week: $1.3 million for a newly gutted home a few blocks from High Park [September 19, 2012]
• The place: A recently restored detached home with great bones—and, more importantly, a finished basement—just off Runnymede Road.
• The agents: Susan Froese McHardy and Don McHardy, Royal LePage Real Estate Services Ltd., Brokerage
• Listed price: Originally listed at $1,389,000 on September 12, the price was reduced to $1,349,000 in October and then $1,299,000 in November.
• Sale price: $1.25 million
• Time on the market: 87 days
• The buyers: Although most of the prospective homeowners who toured the home complimented the reno job, the lack of a family room on the main floor made it difficult to find a buyer at the original price. After the property was relisted at $1,349,000, one buyer made an offer, but that deal fell through. The home eventually sold after a second price reduction in November.