William Kwok/William Kwok
21 Winlock Park, Toronto
Asking price: $1,598,000 (June, 2024)
Selling price: $1,560,000 (July, 2024)
Taxes: $9,370 (2024)
Days on the market: 11
Listing agents: Belinda Lelli and Sylvia Wolff, Royal LePage Real Estate Services Ltd.
A fireplace adds extra warmth to the living room.William Kwok/William Kwok
The action
Mindful of its dated decor, this three-bedroom bungalow was listed below $1.6-million. Attention instead was focused on its attractive setting on a 61-foot lot on a quiet crescent near Bayview and Finch avenues. Sixteen agents toured the space, later bringing roughly 100 buyers for a look during open house events over two weekends this summer.
“Our decision to hold offers until a specific date created a sense of urgency and excitement around the property,” said agent Sylvia Wolff.
The dining area.William Kwok/William Kwok
“This prime Newtonbrook gem – a three-plus-one-bedroom, three-bathroom, brick detached, raised bungalow on a premium 61-by 161-foot fenced yard – presented an excellent opportunity for investors, renovators and handy homeowners.”
Unlike other properties stuck on the market for months, this one sold within $38,000 of the sellers’ goal to the highest of four bidders.
“It’s important to note that the hold offers strategy isn’t just about creating bidding wars or pushing prices over asking,” said Ms. Wolff.
“In this market, it served as a tool to ensure fair market value was achieved for the sellers.”
The eat-in kitchen.William Kwok/William Kwok
What they got
This 1950s bungalow has an eat-in kitchen and dining area.
Fireplaces add extra warmth to the living room and basement recreation area. There’s also another bedroom on this lower level and two entrances, including one next to the built-in garage and front driveway.
The agent’s take
“It’s in a good school catchment,” said co-listing agent, Belinda Lelli.
“It was super clean, but someone will want to go in there and redo the kitchen, bathrooms and lower level.”