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Real Estate News

Sale of the Week: The $1.5-million home that shows just how much prices have escalated since 2000

By Kelly Reid| Photography by PropertySpaces
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The house that sold at 87 Evans Avenue
Listed At
$1,149,000
Sold For
$1,510,000

Address: 87 Evans Avenue
Neighbourhood: Bloor West Village Agent: Michael Inwood, Sutton Group Realty Systems, Brokerage Previously sold for: $349,900, in 2000      

The property

A detached three-bedroom home with laneway parking.

The history

The house was built in 1923, and the sellers bought it in 2000. In the past seven years they’ve added a new kitchen, finished the basement, updated the bathrooms, and installed new appliances. Now, they’re cashing in and moving out of the city.

Here’s the view from the foyer:

Sale of the Week: The $1.5-million home that shows just how much prices have escalated since 2000

The living room:

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Sale of the Week: The $1.5-million home that shows just how much prices have escalated since 2000

The house has a formal dining room:

Sale of the Week: The $1.5-million home that shows just how much prices have escalated since 2000

And a light-filled family room:

Sale of the Week: The $1.5-million home that shows just how much prices have escalated since 2000

And here’s the kitchen:

Sale of the Week: The $1.5-million home that shows just how much prices have escalated since 2000

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

Sale of the Week: The $1.5-million home that shows just how much prices have escalated since 2000

This bedroom is currently occupied only by an Ikea Malm™ dresser:

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Sale of the Week: The $1.5-million home that shows just how much prices have escalated since 2000

And here’s the master bedroom:

Sale of the Week: The $1.5-million home that shows just how much prices have escalated since 2000

All three bedrooms share this bathroom:

Sale of the Week: The $1.5-million home that shows just how much prices have escalated since 2000

The basement is finished:

Sale of the Week: The $1.5-million home that shows just how much prices have escalated since 2000

And there is a patio:

Sale of the Week: The $1.5-million home that shows just how much prices have escalated since 2000

And a big backyard, with laneway access:

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Sale of the Week: The $1.5-million home that shows just how much prices have escalated since 2000
The fate

The buyers appreciated the fact that the house was move-in ready and close to choice schools like Runnymede Public and Humberside Collegiate. They take possession at the end of next month.

The sale

The house was priced similarly to other detached homes that sold in the area last year, but the rise in prices citywide over the past 12 months helped push bids way over list price. In total, there were seven offers after 70 showings. The offers were all strong, but the sellers accepted the highest, at more than $360,000 over asking. They were pleased that the buyers were a family, not investors.

By the numbers

• $1,510,000 • $5,388.00 in taxes (2016) • 1,422 square feet • 625-square-foot lower level • 7 days on MLS • 3 bedrooms • 2 bathrooms

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