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Real Estate

Sale of the Week: The east-end property that proves it’s still possible to find a house for $500,000

Sale of the Week: The east-end property that proves it's still possible to find a house for $500,000
Listed At
$425,000
Sold For
$515,000

The Property: A two-storey row house with lots of recent touch-ups.

The History: The sellers lived here for three years with their children, but recently decided to move into a larger home nearby. Over the past few years they added new wiring, roofing, flooring and landscaping. They also updated the bathroom.

The Fate: The buyers are a married couple who were looking for a solid starter home. They found one, for not much more than the price of a medium-sized condo.

The Sale: The sellers had already moved, so a quick closing was important to them. The property sold on its offer date, after just 5 days on the MLS. There were five offers.

By The Numbers:

  • $515,000
  • $2233.24 in taxes (2015)
  • 1012 square feet
  • 2 bedrooms
  • 1 bathroom

The house has large foyer that doubles as a sunroom:

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The living room is at the front of the house:

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Here’s the dining room. If the buyers want a more modern flow, they might be able to knock down the wall that separates this space from the kitchen:

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And the kitchen itself could probably use a bit of an update:

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There are two bedrooms on the second floor. This one is on the small side, but it gets the job done:

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And here’s the master bedroom:

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This is the only bathroom in the house. The sellers did a little modernization in here before putting the place on the market:

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The basement bedroom seems like the perfect place for a teenager. Just think of all the contraband they could hide up in that drop ceiling:

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The backyard has a covered porch, painted a cheerful shade of blue:

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The Hunt

More Sales of the Week

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

The Skillens were tired of commuting from Leaside to their cottage in the Blue Mountains. So they decided to uproot their lives and move full time to cottage country

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Correction
July 11, 2016

This post originally transposed 89 Coleman Avenue’s listing and sale prices. The property sold for $515,000, not $425,000.

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