/
1x
Advertisement
Proudly Canadian, obsessively Toronto. Subscribe to Toronto Life!
Real Estate News

Sale of the Week: The $1.1-million Woodbine-Lumsden home that shows the value of a flip

By Jonathan Forani| Photography by Birdhouse Media and BizzImage
Copy link
Sale of the Week: The $1.1-million Woodbine-Lumsden home that shows the value of a flip
Listed At
$1,099,000
Sold For
$1,080,000

Address: 97 Coleridge Avenue
Neighbourhood: Woodbine-Lumsden Agents: Juliette Fergus, Keller Williams Referred Urban, Trust Realty Group, Brokerage Previously sold for: $705,000 in 2017

The property

A small East York fixer-upper that was transformed into a four-bedroom home with a finished basement.

The history

A father-daughter duo designed and built this space after she bought the home last May for just over $700,000. They believe they might have increased the home’s value if they had modernized its Dutch Colonial exterior, but wanted to maintain its character.

The living room is up first on the open-concept main floor:

Sale of the Week: The $1.1-million Woodbine-Lumsden home that shows the value of a flip

 

Advertisement

It’s followed by the dining room:

Sale of the Week: The $1.1-million Woodbine-Lumsden home that shows the value of a flip

 

And finally, the kitchen:

Sale of the Week: The $1.1-million Woodbine-Lumsden home that shows the value of a flip

 

Originally, the staircase was in the middle of the main floor, separating the living room from the dining room. The builder moved the stairs to the side to open things up:

Advertisement
Sale of the Week: The $1.1-million Woodbine-Lumsden home that shows the value of a flip

 

There are three bedrooms on the second floor. Here’s one of them:

Sale of the Week: The $1.1-million Woodbine-Lumsden home that shows the value of a flip

 

And another:

Sale of the Week: The $1.1-million Woodbine-Lumsden home that shows the value of a flip

 

Advertisement

The master bedroom is at the back of the house:

Sale of the Week: The $1.1-million Woodbine-Lumsden home that shows the value of a flip

 

It has its own three-piece ensuite:

Sale of the Week: The $1.1-million Woodbine-Lumsden home that shows the value of a flip

 

Let’s check out the newly finished basement:

Advertisement
Sale of the Week: The $1.1-million Woodbine-Lumsden home that shows the value of a flip

 

There’s space to Netflix-and-Chill:

Sale of the Week: The $1.1-million Woodbine-Lumsden home that shows the value of a flip

 

And here’s the fourth bedroom:

Sale of the Week: The $1.1-million Woodbine-Lumsden home that shows the value of a flip

 

Advertisement

The laundry room is also in the basement, as is another washroom:

Sale of the Week: The $1.1-million Woodbine-Lumsden home that shows the value of a flip

 

The kitchen opens to a back deck:

Sale of the Week: The $1.1-million Woodbine-Lumsden home that shows the value of a flip

 

And a pretty deep, nicely landscaped yard:

Advertisement
Sale of the Week: The $1.1-million Woodbine-Lumsden home that shows the value of a flip
The fate

The buyers are a young couple looking to put down roots in the neighbourhood. They fell in love with the quality of the build, and the fact that it’s a barn-style home with more than the usual two bedrooms.

The sale

The home is in a neighbourhood where detached bungalows can still sell in the $700,000 range. The sellers re-listed this home when they decided the newly renovated property was worth more than they were being offered. After listing again, they received one offer close to $20,000 under asking.

By the numbers

• $1,080,000 • $2,775.64 in taxes (2017) • 1,848 square feet (including basement) • 12 days on MLS • 4 bathrooms • 4 bedrooms • 0 parking spaces

The Hunt

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

More Sales of the Week

A Toronto family wanted to ditch the city. So they bought this $2.7m home in Thornbury
Real Estate News

A Toronto family wanted to ditch the city. So they bought this $2.7m home in Thornbury

Inside the Latest Issue

The June issue of Toronto Life features our annual ranking of the best new restaurants. Plus, our obsessive coverage of everything that matters now in the city.