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
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