Skip to main content

The Globe and Mail

Buyers pay a premium for this Eglinton West home

Done Deal, 490 Winnett Ave., Toronto

LISTING 490 Winnett Ave., Toronto

ASKING PRICE $1,579,800

SELLING PRICE $1.69-million

Story continues below advertisement

PREVIOUS SELLING PRICES $920,000 (2012); $140,000 (1994)

TAXES $4,350 (2017)

DAYS ON THE MARKET Six

LISTING AGENT Ira Jelinek, Harvey Kalles Real Estate Ltd.

The Action: To beat the rush of properties that often flood the market in September, this detached, two-storey house near Eglinton West station came to market in late August, when few competitors vied for buyer attentions. Within six days, four groups visited the house and two of these drafted bids, with the house selling for $110,200 over asking.

"For that specific neighbourhood, there's definitely been a change, not a huge change, but people are getting sick of multiple offers," agent Ira Jelinek said. "So I wasn't expecting multiples, but we were happy and surprised."

What They Got: This three-bedroom house with a double garage off a mutual driveway was built in 1995 on a 25-by-133-foot lot.

Story continues below advertisement

  • Interior finishes are of a high calibre with nine-foot ceilings and hardwood floors in the living and dining rooms and heated ceramic floors in the custom kitchen and rear family room. There’s an exit off the family room to a deck and backyard.
  • Two bedrooms feature cathedral ceilings; one of those also has a five-piece ensuite bathroom, the largest of four bathrooms.
  • The one-bedroom basement suite offers cooking quarters and two entertaining areas, including one with a fireplace.

The Agent's Take: "It's the second house in from Eglinton [Avenue], so it's got good walkability once the LRT and retail is all back up" Mr. Jelinek said.

"[The buyers] got an almost 3,000-square-foot house – the basement is about 1,000 square feet and 2,000 is above grade – for $1.69-milion, so they got a good house at a decent price bracket. Usually, things in Toronto are closer to $2-million."

Video: Done Deals: This detached home in a highly sought after school district sold for almost $550,000 over asking
Report an error
Comments

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨