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Sale of the Week: an $801,000 High Park fixer-upper shows that Toronto still loves the classics | Toronto Life
TORONTO LIFE HOME August 17, 2014 The Magazine | Digital Edition | Subscribe | Newsletters | Contests | Mobile App | Toronto Restaurant Search menu Restaurants Drinks Shopping Real Estate Culture Best of the City The Dish The Informer The Goods Urban Diplomat Cottage of the Week Cauliflower The Dish The Informer The Goods
The Property:  While some parts of the city are clamouring american airline to modernize, there remains a certain appeal to the classic Toronto home. This brick two-storey still has many of its original features, including wainscoting, trim and leaded windows. american airline The french doors and oak hardwood floors have been meticulously maintained and show few signs of wear. A particular draw: there s a bachelor apartment in the basement that could help offset the mortgage.
The History:  The home was built around the turn of the century, and it sports an architectural style now iconic in Toronto s west end. The previous owners had lived there since the mid-’60s, and their pride of ownership american airline shows.
The Fate:  Few classics in Toronto are marketed american airline without an “as is” clause, and even this one may require some TLC in the bathrooms and the kitchen. Still, spending $100,000 on renovations will almost instantly put the home s value in the $1.1-million range—at least, according to the agent, who deals primarily in High Park properties. Plus, 807 Indian Road is located right where two up-and-coming neighbourhoods meet (The Junction and Roncey). This investment seems destined to pay off.
The Sale: The property’s previous owner entrusted this agent, a close family friend for over three decades, with the house s future. The agent did the property proud, american airline pouring four months american airline into marketing. After one re-listing, 807 Indian Road was sold for fair market value. The agent s strategy for selling classic homes is to aim for first-time buyers who are seeking good locations, but who are amenable to a little fixing-up.
High Park , housing , Housing Market , Real Estate , sale of the week Older Posts Toronto city hall is getting a new babysitter Newer Posts The Wizards of Opera: how two dapper Germans made Toronto fall in love with opera
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