Buyer dominates rival bidder for townhouse in Etobicoke

Sutton Old Mill Realty Group Inc.

5 Tire Avenue, # 14, Toronto

Request a price: $ 1.25 million (August 2021)

Sale price: $ 1.305 million (August 2021)

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Taxes: $ 5,029 (2021)

Days on the market: Seven

Listing Agent: Cathy Methven, Sutton Group Old Mill Realty Inc.

The action

This 2 ½ story townhouse has open plan living and dining areas.

Sutton Old Mill Realty Group Inc.

When this freehold townhouse went up for sale after the August civic holiday, it was the first vacation the small resort had seen in months. A tight supply of alternatives in the surrounding community also increased demand for the home, causing one buyer to outperform another bidder by adding $ 55,000 to the asking price.

“We were able to sell a 2,176 square foot unit at the same price paid during the busy March market for a slightly larger model, and $ 55,000 more than what was paid for a model with more ‘space finished in February,’ Agent Cathy told Methven.

“An impressive price for the middle of summer when things are generally quieter.”

What they have

There are hardwood floors in the kitchen area.

Sutton Old Mill Realty Group Inc.

Close to Kipling and Islington subway stations, this 17 year old, 2.5 story townhouse has nine foot ceilings and hardwood floors in the kitchen and open living and dining areas. There are two bedrooms, a den and a family room on the upper floors.

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There is interior access to the garage, but the basement is not finished. Outside there is a brick patio and a garden.

The fee is $ 180 per month and covers landscaping and snow removal.

The agent’s point of view

The 18 foot by 98 foot lot is also in a prime location in Etobicoke.

Sutton Old Mill Realty Group Inc.

“It looked like a detached house and the builder had added upgraded finishes, such as granite counters in the kitchen, a whirlpool tub in the bathroom, and a gas fireplace in the living room,” says Methven.

The 18 foot by 98 foot lot is also in a prime location in Etobicoke. “It’s in a quiet court,” Ms Methven said.

“Add that with the planned new town hall nearby, proximity to public transport and a leafy historic district to stroll around and this house has proven to be naturally irresistible to new buyers.

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