Advertisement
Real Estate

Sale of the Week: the $970,000 Hillcrest reno that shows a buyer can get the best of both neighbourhoods

Sale of the Week: the $970,000 Hillcrest reno that shows you can get the best of both neighbourhoods
LISTED-tl

Address: 536 Christie Street
Neighbourhood: Hillcrest Agent: Nick Vrysellas, Urban Village Realty Inc.

The Property: This two-storey home was extensively renovated for maximum convenience. New subflooring ensures a squeak-free future for the hardwood, while pot lights are outfitted with eco-friendly five-watt LED bulbs and the den is pre-wired for a flat-screen TV. The low-maintenance stone backyard and open-concept kitchen were both attractive to viewers, but the real showstopper was the front porch, crafted from 100 per cent knot-free, premium cedar.

The History: This home was flipped by renovators from Lombardi Designs, who spent approximately $225,000 on upgrades. They purchased the home from its original owners, who had lived there for around four decades. Similar starter homes in the area sell for between $600,000 and $800,000. Prices have been buoyed by an influx of trendy restaurants and the presence of nearby Wychwood Barns, which opened in 2008.

The Fate: The home’s new owners fit the target market: a young-professional couple with no children seeking a spot where they can start a family. Thanks to the renovations, they won’t have to touch a thing for decades—unless they want to give the partially finished basement their personal touch. As some of the dated million-dollar Wychwood homes across the street renovate into $1.5-million territory, 536 Christie will reap the rewards, even though it technically resides in an adjacent neighbourhood, Hillcrest.

The Sale: Last year, six Hillcrest properties crested the million dollar mark—mostly large, detached new-builds. The sellers of 536 Christie initially pushed for a million, but they settled on a $995,000 asking price because of the home’s spot on busy Christie Street. Poor weather hindered the sale and prompted another tactical shift. After 30 days, the home was re-listed for $15,100 less and beautifully staged for a small investment of $4,000 (it had previously been empty). It sold within two days.

By the Numbers:

• $970,000 • $225,000 in renovations, approximately • $4,000 for staging • $2,000 spent on wood for the new porch • 1,500 square feet • 99 per cent of list price • 3 bedrooms • 2 days to sell after being re-listed for a lower price • 2 bathrooms

536 Christie Street
536 Christie Street
536 Christie Street
536 Christie Street
536 Christie Street
Sale of the Week: the $970,000 Hillcrest reno that shows you can get the best of both neighbourhoods
536 Christie Street
536 Christie Street
Sale of the Week: the $970,000 Hillcrest reno that shows a buyer can get the best of both neighbourhoods
536 Christie Street
536 Christie Street
536 Christie Street
536 Christie Street
536 Christie Street
536 Christie Street

NEVER MISS A TORONTO LIFE STORY

Sign up for This City, our free newsletter about everything that matters right now in Toronto politics, sports, business, culture, society and more.

By signing up, you agree to our terms of use and privacy policy.
You may unsubscribe at any time.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Advertisement
Advertisement

The Latest

Everything to eat at Waterworks Food Hall, the new 55,000 square-foot, European-style destination for gourmet bites
Food & Drink

Everything to eat at Waterworks Food Hall, the new 55,000 square-foot, European-style destination for gourmet bites