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Sale of the Week: the $1-million, three-bedroom home that shows that Leslieville is holding steady

Sale of the Week: the $1-million, three-bedroom home that shows that Leslieville is holding steady

That's 100 per cent of the asking price

Address: 208 Pape Ave.
Neighbourhood: South Riverdale (Leslieville)
Agent: Melanie and Lindsay Wright, The Wright Sisters Team

The Property: The brick façade of this detached home is unassuming, but the newly renovated interior is filled with high-end details such as eucalyptus cabinetry, a skylight, oak flooring and pot lights. What used to be the garage is now a 450-square-foot, air-conditioned studio, and the basement would make an ideal man-cave with its integrated home theatre system.

The History: Built in the early 1900s, the building operated as a three-unit rental house for years. Then, in 2003, a designer bought the place and gutted the whole thing (except for the basement). She converted the house into a contemporary single-family home, and the family that moved in afterward completed the transformation by redoing the basement.

The Fate: With so many recent upgrades, there’s really nothing that needs to be done. A young couple has just bought the house, and their intention is to continue using it as a single-family home.

The Sell: That 208 Pape sold in about a week, for exactly the asking price, confirms that young families are still willing to pay for the privilege of living in Leslieville. Values in the area are steadily rising as more and more amenities move in. An excellent renovation like this one is enough to push a three-bedroom well above the neighbourhood’s average house price. The slick video from the agent couldn’t have hurt either.

By the Numbers:

• $1,049,900
• 100% of asking price
• 3 bedrooms
• 3 renovated bathrooms
• 2 built-in TVs
• 2-car parking
• 1 separate studio space, perfect for band practice

 

  • Alice Ross

    Wow, that is a very nice kitchen and house interior. The space is just enough to accommodate a family. Though, the exterior part or the front area needs to be refurnish or just some changes to make the house glow.

  • john

    This is not worth 1 million… honestly, I think you should only pay a million dollars for homes north of bloor, south of york mills, east of bathurst, and west of bayview

  • jbogfunk

    get out of your bubble john. things are changing rapidly in riverdale/leslieville

  • Rose

    Haha, good luck finding a property for a mil in the location you specified! Maybe a condo, or a complete gut job of a house, or in year 1995! Where have you been?

    Also, not everyone likes the central location of the city! Rosedale, Summerhill and Lawrence Park are established neighbourhood, but can also be stuffy, lack of character and you have to keep up with the Jones…

    Lots of people like the schools of Riverdale, eclectic feel of Leslieville, the beautiful water and tight community of the Beach, the artsy vibe of Roncesvalles, and there are still High Park and Bloor West! All of which are hardly obtainable with a million these days (at least for detached, semis are always in short supply though).

  • Ben Ferguson

    John – You are living in the 90′s The east end is now in high demand! With or without its ghosts! http://www.leslieville.com/torontos-haunted-east-end-ghost-hunting-in-riverdale-leslieville-riverside

 

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