Offers emerge after Junction townhouse prices drop

Re / Max Hallmark Bibby Group Realty

67 Vine Avenue, Toronto

Request a price: $ 1,795,000 (end of September 2021)

Previous asking price: $ 1,895,000 (early September 2021)

Sale price: $ 1,740,000 (October 2021)

Previous sale price: $ 1,260,000 (February 2018)

Taxes: $ 5,145 (2021)

Days on the market: Four

Listing Agent: Christopher Bibby, Re / Max Hallmark Bibby Group Realty

The action

Over $ 100,000 has been spent on recent renovations.Re / Max Hallmark Bibby Group Realty

With over $ 100,000 having been spent on recent renovations, Agent Christopher Bibby felt confident in pricing this three-bedroom townhouse at just under $ 1.9 million. A dozen buyers stopped to take a closer look, but none made a formal offer to purchase. To grease the wheels, the asking price was reduced by $ 100,000 and within days two offers were received and a deal was made for $ 1.74 million.

“It’s a more unique urban space and a townhouse, so it would suit a very select group, like families who want a full backyard,” Bibby said. “But our target audience may have traveled or up north.”

“Last summer one of them sold for $ 1.425 million, so the fact that we ended up where we did – $ 315,000 more – is phenomenal.”

What they have

The interior is completely modern with an open living and dining area and a glazed stairwell.Re / Max Hallmark Bibby Group Realty

This unit is one of several three-story townhouses built six years ago near Dundas and Keele streets with street-level entrances, south-facing backyards and rear parking. alley.

The interior is completely modern with an open living and dining area and a glazed stairwell from the finished basement to the upper bedrooms.

A brand new Downsview kitchen features an island with bar seating and top of the line appliances, plus sliding doors leading out to a patio also redeveloped with a gas fireplace and custom carport.

A roof terrace provides a more intimate setting next to the master bedroom.

The agent’s point of view

Part of the renovations included a brand new Downsview kitchen, complete with an island, bar seating and high-end appliances.Re / Max Hallmark Bibby Group Realty

“It’s more vertical, the aesthetic is modern and the construction is new,” Mr. Bibby said.

“The carport, landscaping, and kitchen alone were big ticket items, well over $ 200,000 worth of work, so it was a nice space.”

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