Sun. Jul 3rd, 2022

Keller Williams referred Urban Realty

65 Melrose Ave., Toronto

Sale price: $ 2,498,000 (October 2021)

Sale price: $ 2,900,100 (October 2021)

Previous selling price: USD 1,500,000 (June 2014)

Taxes: 10,008 USD (2021)

Days on the market: Nine

Listing agent: Andrew Ipekian, Keller Williams Referred Urban Realty

The plot

The kitchen has been redesigned, complete with built-in seating.Keller Williams referred Urban Realty

This two-story house priced below the market, a strategy that managed to draw about 100 visitors out for a personal tour. As the dust settled, the best of six deals, $ 402,100 over asking, came out on top.

“We priced it a little lower just to get more eyes on it,” said agent Andrew Ipekian.

“It’s a very desirable neighborhood, so bidding war is normal. But getting about $ 400,000 over the bid price is not normal.”

What they got

A living room extension has a fireplace.Keller Williams referred Urban Realty

Previous owners had transformed this former three-bedroom house into a four-bedroom house with more space and more luxury. The master bedroom is now equipped with a gas fireplace, vaulted ceilings and an ensuite bathroom with underfloor heating.

A living room extension has also got a fireplace. Sliding doors open to a south facing deck with glass railings overlooking a new pool in the ground, hot tub, shower and cabana with a wet bar and climbing wall.

The kitchen has been redesigned, complete with built-in seating. The front room is back for formal dining.

The lower level has a guest bedroom and living room as well as one of the home’s four bathrooms.

The 25 by 150 foot plot has space to park a car.

Agent’s position

The backyard includes a new ground floor pool, hot tub, shower and cabana with a wet bar and climbing wall.Keller Williams referred Urban Realty

“It had an extension, so the main floor was beautiful with an oversized kitchen,” Mr. Ipekian said.

“It’s a really nice home to entertain, and it had a sound system running from your phone.”

The plot was also 30 feet deeper than most, leaving ample room for recreation in the backyard. “Very rarely does such a pool exist because many grounds are not so deep,” said Mr. Ipekian.

“[Plus], it had a hot water tank for the shower so you did not have to take cold showers.

“It was like a little resort out there, and it’s basically a block from Yonge Street.”

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