Sale of the Week: The $1.3-million house that shows how fierce Annex bidding wars can be

Address: 178 Albany Avenue
Neighbourhood: The Annex
Agent: Monte Burris, Keller Williams Referred Urban Realty, Brokerage
 
 
 

The property

A family-ready four-bedroom home in the Annex.

The front door opens directly into the living room:

The dining room is continuous with the kitchen:

The kitchen has a sliding door to the back patio:

And there’s a small breakfast nook:

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

And here’s the other:

Those two bedrooms share this bathroom:

The basement is finished:

And here’s the backyard:

The history

The sellers bought the house seven years ago. They didn’t have to do much to the interior, because the previous owners had already completely overhauled the third floor. There are two bedrooms up there, one of which is set up as an office:

The other is the master bedroom, which has a large dressing area and ensuite bathroom:

And it also has a small private balcony:

The fate

The buyers loved the Annex location, which is close to schools and the subway. They don’t plan to do any major renovating.

The sale

The house had 35 showings. Two potential buyers made bully offers, but the sellers rejected them both. When offer day arrived, those two preemptive bids were joined by two more. One of the bullies ended up getting the house for $151,000 above the asking price.

By the numbers

• $1,300,000
• $5,519,26 in taxes (2015)
• 1,878 square feet
• 630-square-foot finished basement
• 7 days on MLS
• 4 bedrooms
• 3 bathrooms

The Hunt

Real Estate

I never planned to buy a cottage. Then I saw my grandfather’s old property in Algonquin listed for $220,000

“When I visited, tucked away in a drawer, there was an old telephone directory with a note my grandmother had written on the cover”