185 Bain Ave., Toronto
ASKING PRICE: $525,000
SELLING PRICE: $495,000
TAXES: $3,366 (2009)
DAYS ON THE MARKET: seven
CO-OP AGENT: Anil Khera, Royal LePage West Realty Group Ltd.
THE ACTION: On the day offers would be accepted for this semi-detached, two-storey house in Riverdale, agent Anil Khera and his clients struck a deal that was $30,000 less than the original asking price.
WHAT THEY GOT: The house is about 35 years old and in fairly original condition, with the exception of a relatively new washing machine, furnace and air conditioning system.
The kitchen has sliding doors to a sunroom that exits to a south-facing backyard and relatively new garage.
The sole bathroom is upstairs amid three bedrooms, and a fourth bedroom is in the basement, which has a separate entrance and workshop area.
THE AGENT'S TAKE: The buyers already live in the neighbourhood and enjoyed renovating their current home. They intend to renovate this one with an eye to resale, taking advantage of its prime location near lush Withrow Park, well-regarded schools and the Danforth shops and subway.
"The house had good bones and good structure," says Mr. Khera. "The location was really key because they wanted to be in an area where a nicely renovated house will be fairly easy to sell once it's done."