Sale of the Week: The $1.9-million Summerhill home that sparked a six-way bidding war
Address: 166 Cottingham Street
Neighbourhood: Summerhill
Agent: Andre Kutyan, Harvey Kalles Real Estate Ltd., Brokerage
The Property: A newly renovated Summerhill semi on a quiet cul de sac.
The History: The sellers bought the property in 2012, then completely rebuilt the upper two storeys and revamped the kitchen with new marble surfaces and cabinets. Now they’re looking for a larger property in the same neighbourhood.
The Fate: The buyer, a corporation looking to rent out the home, was attracted to the property’s location, its open interior, and the swanky backyard, which has new fencing and a built-in barbecue.
The Sale: The agent priced the property under market value in the hopes of attracting multiple bids. After seven days, that’s exactly what happened: a six-way bidding war. The highest offer was conditional on the sellers agreeing to close within three weeks, which was a little too quick for them. They accepted the second-highest offer, which was still nearly $200,000 over asking.
By The Numbers:
- $1,895,000
- $10,549.69 in property taxes (2015)
- 26.24-by-102.42-foot lot
- 7 days on the market
- 6 offers
- 4 bedrooms
- 3 bathrooms
- 2 parking spaces
The view from the foyer.
The living room has a gas fireplace with a Caeserstone surround.
The kitchen and dining area are combined.
The kitchen has a steam convection oven and a trash compactor. All the surfaces are new, including the marble backsplash behind the stove.
The window-lined family room is next to the kitchen (hence the microwave).
A view back through the first floor.
There are three bedrooms on the second floor. This one has a door to a balcony.
This bedroom, with its giant front-facing window, is being used as a home office.
And here’s the other bedroom.
The main bathroom has ceramic tile wainscotting.
The master bedroom has the third floor to itself. That window looks a little like a pair of French doors, but it’s not—it’s just a window.
The master bedroom has its own little exercise nook.
And a big walk-in closet, naturally.
The master ensuite has porcelain tile flooring. The skylight is fitted with an automated blind, in case anyone is worried about getting sunburned in the soaker tub.
The backyard has a built-in barbecue and speakers. Also of note: the eavestroughs are heated.
More Sale of the Week
This post originally mischaracterized the buyer of 166 Cottingham as a “young professional.” In fact, the buyer is a corporation.
