Price increase for Queen Street East semi sets off negotiations with two buyers
216 Logan Ave., Toronto
Asking price: $1.45-million (Mid-September, 2024)
Previous asking price: $1.325-million (Early September, 2024)
Selling price: $1.38-million (September, 2024)
Previous selling price: $865,000 (November, 2016)
Taxes: $4,957 (2024)
Property days on market: 16
Listing agent: Christopher Bibby, Re/Max Hallmark Bibby Group Realty
The action
The kitchen sits between the open living and dining areas.Michael Peart Photography
This semi-detached house was listed with a note instructing buyers to make their bid at a specific time, not to rush them into purchasing it, but to shorten the disruption to the seller’s daily routine. More than 100 buyers looked around, including 80 open house guests, yet none returned with an offer on deadline.
“Typical of this market, people expressed some interest, but didn’t want to compete, though I tried to convey that the offer date wasn’t to create a frenzy or a bidding war,” said agent Christopher Bibby.
“There’s a lot of work to be done for a young family to put things in storage and upend their lives to get it showing in a certain manner.”
To dispel any notion buyers could push the price downwards for this three-bedroom house, it was raised to $1.45-million. Two buyers began negotiating terms of purchase, and one composed a winning offer of $1.38-million.
“Surprisingly, two offers came in after, so it’s funny how it happens,” said Mr. Bibby.
“We ended up selling under asking, but we sold over that initial price we had at $1.325-million.”
What they got
More than 100 buyers looked around, including 80 open house guests.Michael Peart Photography
This more than 100-year-old house has had several updates since 2018.
New roofing, windows, doors and a front porch were installed outside, and updated heating and cooling systems were added inside. Two bathrooms and the basement were renovated.
On the main floor, the kitchen sits between the open living and dining areas, and a family room with a wood-burning fireplace and sliding doors to a deck, patio and parking off a lane behind the 15- by 114-foot lot.
The agent’s take
The more than 100-year-old house has had several updates since 2018.Michael Peart Photography
“My clients redid so much of the home,” said Mr. Bibby.
“Leslieville has a lot of boutiques, shops and restaurants, so it feels urban, but you’re not right downtown.”
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