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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

 

 

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