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Real Estate

Sale of the Week: the house that shows what $1 million gets you in Leslieville

Sale of the Week: the house that shows what $1 million gets you in Leslieville

Address: 39 Austin Avenue
Neighbourhood: Leslieville Agent: David Coffey, Bosley Real Estate Ltd., Brokerage

The Property: A detached family home with an open-concept main floor. The master bedroom claims the entire third level, including a rooftop deck.

The History: Renovations on the home began five years ago, when the sellers gave the kitchen a facelift. They eventually finished the basement and upgraded the third-floor loft area.

The Fate: The values of Leslieville homes—particularly detached homes like this one—seem to be increasing in lockstep with the improving fortunes of the nearby commercial strip on Gerrard. As the area grows more walkable, the new owners can expect their home’s value to catch up to those of similarly sized properties just off trendy Queen East to the south.

The Sale: The sellers put the house on the market during the especially competitive period following March Break, resulting in seven offers. They closed the sale after a week.

By the Numbers:

• $1,000,000 • 2,201 square feet, including the basement • 118 per cent of list price • 7 offers • 7 days on the market • 3 bedrooms • 2 bathrooms • 2-car parking • 1 private deck

toronto-sale-of-the-week-39-austin-avenue-intro

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