Casa Loma Area Home Goes $425,000 Over Asking

39 WELLS HILL AVENUE, TORONTO

  • Asking price: $950,000
  • Selling price: $1,375,000
  • Previous selling price: $460,000 (1997)
  • Taxes: $6,641 (2011)
  • Time on the market: 7 days

The Action:

39 Wells Hill Ave

39 Wells Hill Ave

Residential properties in the Casa Loma area rarely come on the market, so it was a good bet there’d be some interest in this three-storey home. But to ensure a quick sale, the home was listed with a price under $1-million. The strategy worked better than anticipated, resulting in over 60 private showings in addition to two open house events and 15 offers.

What They Got:

In the 1930s, this detached brick house was built on a 35- by-101-ft lot that currently faces a quiet, treed street nearby St. Clair West station, Sir Winston Churchill Park and schools, as well as shops, restaurants and a 24-hour supermarket.

Traditional attributes include leaded glass windows, hardwood floors and multiple fireplaces in areas like the formal living and dining rooms.

For casual lounging, there is a sunroom, a breakfast area off the kitchen and a second floor library.

Three out of four bathrooms are on the top two floors, which each have two bedrooms. One on the second floor has a deck and the other features an updated four-piece bathroom and sitting area, while the third floor bedrooms have walk-in closets.

The one-bedroom basement apartment has kitchen and laundry facilities, a bathroom and a separate entrance.

A driveway and garage offers private parking.

The Agent’s Take:

“The attraction there was the Casa Loma neighbourhood and the fact it was detached with parking,” agent Elli Davis said. “They call these kinds of houses Arts and Crafts houses – with the original trim – but it had some updates.”

Listing Agent: Elli Davis, Royal LePage Real Estate Services Ltd.
Posted in The Globe and mail, Jan. 11


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