Building on recent interior updates, the owners of this Leslieville detached home put the lion's share of their reno cash into an exterior touch-up, with a substantial payback at sale time
This nearly 90-year-old Leslieville house near Dundas Street and Coxwell Avenue was spruced up by a succession of owners both inside and out.
The last renovation, "was nothing but 100 per cent high quality," says agent Kimmé Myles. "It was an amazing house for entertaining, it's low maintenance and it has two car parking and a nice front yard."
The 2½-storey house has 1,900 square feet of living space, with two bedrooms, four bathrooms, a main floor office with a walkout to a deck. The living and dining areas have been opened up and the owners have the added benefits of a second floor study, a third floor loft bedroom and a lower level gym and den.
Listing agent: Kimmé Myles, Royal LePage Real Estate Services Ltd., Johnston and Daniel Division
PURCHASE PRICE: $575,000 (2008)
Prior to the 2008 purchase, the owner had spent a year completely gutting the interior and installing upscale features like hardwood floors, pot lights and crown mouldings throughout.
THE RENO: A FAÇADE FACELIFT
COST: $22,000
Over the past two years, the owners put in more built-in storage, a pantry and French doors in the kitchen. But nearly three quarters of the budget was allocated to new roofing and a skylight over the staircase, repainting the brick exterior, repaving the mutual driveway, professionally landscaping the grounds and adding fencing.
THE PAYBACK
SOLD FOR $643,000 (2010)
Furniture and decor were strategically staged to show buyers the potential use for each room inside the home, which sold for $6,000 less than the asking price after more than a dozen parties booked private showings.