Sold: a townhouse in a 120-year-old former church in the east end for $719,900
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, Condo of the Week and Cottage of the Week features are sold. Here, all the details from the latest sale.
• The place: A three-bedroom, three-level unit with a backyard in a converted church in the Upper Beach.
• The agents: Geoffrey Grace, Re/Max Hallmark Realty Ltd., Brokerage
• Listed price: $719,900
• Sale price: $719,900 (full price)
• Time on the market: 11 days
• The buyers: The heritage building and intimate scale of the development attracted three serious buyers. The first backed away just before making an offer, and the second had only just entered the market and wasn’t ready to start bidding before seeing other properties. That left the third, who’s moving from Ottawa and bought the unit based on the video tour, photos and floor plans (she sent her mother and sisters to tour it in person). The sellers are happy as they plan to return to Europe.
• The full description: Condo of the Week: $720,000 for an east-end townhouse in a 19th-century church [February 15, 2013]