Done Deals: Lower Asking Price Boosts Bids

Done Deals: Lower Asking Price Boosts Bids402 Glenlake Avenue
402 Glenlake Avenue

ASKING PRICE: $899,000
SELLING PRICE: $936,000
PREVIOUS SELLING PRICE: $605,000 (2007)
TAXES: $4,720 (2015)
DAYS ON THE MARKET: 28
LISTING AGENT: Elli Davis, Royal LePage Real Estate Services Ltd.

Published in The Globe and Mail, September 17, 2015

The Action: A great deal of traffic flowed through this detached, three-bedroom residence, but without an offer and with a number of other alternatives nearby, the price was dropped below $900,000 to attract more buyers.
The move put the residence on the radar of two potential buyers who made competing bids.

What They Got: Less than a 10-minute walk from High Park, this brick house with an attached garage displays traditional stained-glass windows and hardwood floors in areas such as the fireside living room, which has access to a sunroom with ceramic floors.

Since 2007, the original centre-hall plan was modified with a newly combined dining area and kitchen with a walkout to a deck and 57-by-75-foot lot, as well as a new roof, furnace and lower level recreation room with one of three bathrooms.

The Agent’s Take: “The location of it really helped sell it; it’s a very hot area,” agent Elli Davis says.

“It’s close to High Park and the subway.”

The seller’s improvements also increased the home’s value.

“Glenlake was a very nice house – a three-bedroom house – with a renovated kitchen and main-floor powder room,” Ms. Davis explains.

“[In one bedroom], the owner put in steps to a third floor, so it was more of a loft for storage or a play area.”


Related Posts

Multigenerational Households on the Rise in Canada

2017-08-16In the 1940’s it was a regular sight to see grandma or grandpa living with the family; grandma would help cook and babysit or grandpa would do work around the house. More than half a century later, this type of household is on the rise once more. The multigenerational households of today look different though […]

READ MORE →

Done Deals: Location Helps Drive Up the Price Off Danforth

153 Milverton BlvdLocation Helps Drive Up Price of Danforth Home SYDNIA YU Special to The Globe and Mail Published Thursday, Aug. 10, 2017   153 MILVERTON BLVD., TORONTO ASKING PRICE: $788,000 SELLING PRICE: $840,000 PREVIOUS SELLING PRICES: $540,000 (2009); $367,000 (2006); $202,000 (1998) TAXES: $3,206 (2016) DAYS ON THE MARKET: Seven LISTING AGENT: Elli Davis, Royal LePage Real Estate Services Ltd.   The Action: There […]

READ MORE →

Tips for Saving for a Big Purchase

2017-08-09Sometimes, we need to make large purchases. Whether it is a home renovation project or a new car, creating a smart savings plan is important. Follow these steps to ensure you will be financially ready for your next ‘big ticket’ item: Decide How Much Money You Need To Save Consider the cost of your purchase. […]

READ MORE →

Globe and Mail: Toronto Real Estate Market Picks Up After Lull

globe and mail articleToronto Real Estate Market Picks Up After Lull The Globe and Mail spoke with several top GTA Realtors about the current market and I was happy to share my experience. Carolyn Ireland The Globe and Mail Published Thursday, Aug. 03, 2017 Home buyers in Toronto and some of the surrounding areas appear to be testing […]

READ MORE →

Market Watch Report: July 2017

mw201707Market Continued to Adjust in July August 3, 2017 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 5,921 residential transactions through TREB’s MLS® System in July 2017. This result was down by 40.4 per cent on a year-over- year basis, led by the detached market segment – both […]

READ MORE →

Comments are closed.