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Real Estate Toronto: 7 Bidders Contest Over Semi-detached Danforth Home for Sale!

Written by MKTLIST Blog Team Published On : September 06, 2018 1798
Real Estate Toronto: 7 Bidders Contest Over Semi-detached Danforth Home for Sale!

Danforth Village is renowned for its shopping district along Danforth Avenue. The convenience of the Bloor-Danforth Subway line makes this neighborhood the perfect choice for young first-time homebuyers like newlyweds.

In recent news regarding houses and apartments for rent and sale in Toronto Danforth area, a semi-detached Danforth home for sale led to a bidding contest between seven people.

30 West Lynn Avenue, Toronto

Lot Size:27-by-112-foot

Asking price: $889,000

Selling price: $1,087,280

Previous selling prices: $510,000 (2012); $420,000 (2007); $286,500 (2003); $218,500 (2000)

Taxes: $3,849 (2017)

Days on the market: Eight

Listing agents: Irene Kaushansky and Philip Brown, Keller Williams Neighborhood Realty


The area around this Danforth home for sale had seen an outrageous pace of sales just this past April, which made setting a suitable asking price a cumbersome task. However, once the agents decided upon a reasonable asking price, 7 bidders immediately came forward.

“There are huge numbers of properties that sold with multiple faces offers in the coming weeks before and that week,” realtor agent Irene Kaushansky said.

“But we still are want to make sure that our list price was in line with what other list prices were, as opposed to sale prices because in real estate market where multiple offers deliverance you never know that what you are going to get.”

Built in 1922, the Toronto real estate in consideration has three bedrooms, a combined living and dining area, a kitchen and a single bathroom. The bathroom was renovated not long ago and the kitchen upgraded with quartz corners, marble backsplashes, porcelain floors and appliances, such as a gas stove. To the side of the house is a mutual driveway.

There is ample space to entertain guests in the combined living and dining area. Additionally, there is a rear family room and a lower level recreational area. The house has a deck which is accessible from the family room via sliding doors.

“Aside from the amazing location, just seeing down from the park – it was a really well-constructed home … so the quality trumped anything else on the realtor market,” Ms. Kaushansky said.

“[In addition], Towards the main-floor family room, which was quite scary for those who are willing to live in semi-detached homes.”

To keep yourself up to date on houses and apartments for rent and sale in Danforth and other areas of Toronto, keep visiting MKT list!


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