Sale of the Week: a renovated house in Roncesvalles that proves the highest bid doesn’t always win

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Published on: June 13, 2017

Address: 31 Garden Avenue
Neighbourhood: Roncesvalles
Agent: Monte Burris, Keller Williams Referred Urban Realty, Brokerage

The property

A twice-listed three-bedroom house with a spacious backyard.

The history

The sellers purchased this detached Roncey house in 2011, about six years after designer Sarah Richardson added an extension that included a kitchen and an extra bedroom. The sellers further upgraded, redoing the garage and kitchen, adding luxe touches like a built-in wine fridge. Now that their two kids are growing, they’re ready to upsize.

The living and dining rooms are both up front:

The kitchen is at the back of the first floor (and there’s a small washroom in one of the doors to the left):

The backyard connects to the garage:

Here’s the first of three bedrooms:

The second is currently a nursery:

And the master:

Here’s the ensuite washroom:

The den is in the basement:

The fate

The buyers are a young couple expecting their first child, upsizing from a condo elsewhere in the city. They take possession at the end of September.

The sale

The house was originally listed at $1.3 million in May and drew four offers, but when one potential buyer had concerns about the structural integrity, the sellers decided to pull the listing to be safe. A team of engineers found no problems with the property, and the sellers re-listed even higher: $1.5 million. Two offers came in, and the sellers chose to accept the lower offer made by a young, growing family.

By the numbers

• $1,550,000
• $5,414.35 in taxes (2016)
• 1,468 square feet
• 460-square-foot basement
• 6 days on MLS
• 3 bedrooms
• 3 bathrooms

Article source: http://torontolife.com/real-estate/houses/sale-of-the-week-a-renovated-house-in-roncesvalles-that-proves-the-highest-bid-doesnt-always-win/

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