Soare Productions
249C Berkeley St., Toronto
Asking price: $999,900 (September, 2024)
Selling price: $1,275,000 (October, 2024)
Previous selling prices: $1,189,000 (August, 2022); $294,400 (June, 2003)
Taxes: $5,479 (2024)
Days on the market: Eight
Listing agents: Carol Lome and Brayden Irwin, Royal LePage Real Estate Services Ltd. Johnston and Daniel Division
The action
The townhouse underwent an extensive makeover in key areas, such as the kitchen and two bathrooms.Soare Productions
On a one-way street near Dundas and Parliament streets, this 29-year-old, three-bedroom townhouse underwent an extensive makeover in key areas, such as the kitchen and two bathrooms. In a strategic move, the sellers priced the property $189,000 under what they paid in 2022, willing to let buyers decide its current value, with recent improvements added in.
“We were hesitant to price it too high because we felt the market may not respond,” agent Brayden Irwin said.
“We came under the $1-million price point to get enough people in to see it and appreciate the renovations the seller had done.”
On the day designated to review offers, three bidders came forward. A bid $275,100 over asking came out on top.
“We were starting to see more properties selling in multiple offers, so it gave us confidence knowing it wasn’t as quiet as it had been a month or two prior,” said Mr. Irwin.
“In this particular case, we had two [offers] that were very strong with slight differences, so it was a close decision for the seller.”
What they got
The three-bedroom house was refreshed with new windows and doors.Soare Productions
At one end of a trio of three-storey townhouses, this unit was refreshed with new windows, doors and a new driveway to the built-in garage.
Private decks can be reached from the principal room and primary bedroom on the main and third floors. There’s also a firepit and patio on the 18- by 66-foot lot.
The agent’s take
Private decks can be reached from the principal room and primary bedroom on the main and third floors.Soare Productions
“There are a number of townhouses in that general neighbourhood, but a lot of them have split-floor plan layouts, so there wasn’t as much space on each level,” Mr. Irwin said.
“Whereas this townhouse has a more traditional layout with the kitchen at the front, and a dining room and living room at the back.”