Welcome to urbaneer.com's Home Of The Month feature, which showcases what our clients have recently purchased in the City of Toronto. This month we focus on first-time Buyers who were looking to purchase a detached home.
In order to have the privilege of securing one of the rare-to-market four-bedroom detached properties in this particular section of The Danforth, our Buyers, who had been highly focused in their search, ultimately moved forward decisively with a strong bully offer. Why? In proximity to all the attractions of Danforth Avenue itself, the Coxwell subway station, and within a short stroll to beloved East Lynn Park, this desirable abode represented the ideal marriage of condition, size, space plan, income-supplement-potential, and convenient location.
Our first-time Buyers originally came to us with a request to assist in locating a three-bedroom house. After several prior efforts had repeatedly and frustratingly fallen short with another realtor, their sense of urgency was in part elevated by the recent arrival of their newborn. Not only were their nesting instincts oscillating high, but they were squeezed into a one-bedroom rental apartment. This new family of three was growing fast and their clock was a-tickin'!
We assisted our Buyers by embarking upon an enlightening – and somewhat vertical – learning curve on the dynamic and at times puzzling Toronto freehold housing market. Our urban family – very much to their credit – recognized early on that bravely facing competition would be necessary to secure a desirable renovated detached or semi-detached property in one of our city's most popular 'value for dollar' locations. With Urbaneer's Winning Bidding War Strategy, our Buyers were strategically and knowledgeably equipped to move forward.
Our Buyers focused in two well situated areas; the Corso Italia and Humewood areas in the city's west end, and the Greenwood/Coxwell and Monarch Park areas in the east end. The key factor in our Buyers choosing these locations was their easy access to public transit, to ensure an efficient commute to work for both of them. After seeing a number of houses which fell short of their expectations in some regard or another, and losing one notable property that sold in a bidding war for a sum even we regarded as “truly nuts”, this dwelling came to market which left our Buyers feeling, instinctually, that they'd found 'the one'. A testament to their very well-researched and nuanced understanding of real-estate values, and their recognizing this property was truly rare and hard to come by, our Buyers proceeded with a bully offer to secure this property as their very first home. Not familiar with what a bully offer is? Here's one of our HomeWatch Newsletters called Bully Offers & Bidding Wars – Strategies for Buying and Selling.
The MLS listing provided an accurate summary of our client's wish list –> “Rare 4 Bedroom Detached Home In Sought After Location!! Spacious, Bright, Open Concept Main Floor Featuring Hardwood Floors, Fireplace & 2 Pc Bathroom. A Perfect Home For The First Time Buyer Featuring A One Bedroom In-Law Suite With Separate Entrance Or Great Additional Living Space. Large Deck For Summer Barbecues! A Short Walk To Subway, Restaurants, Shops And Park. Outstanding Neighbourhood.”
Here are a few photos from the MLS Listing for the property:
Featuring a large fenced back yard, four bedrooms, two and a half baths, and a cozy in-law suite with separate entrance, this detached house was listed at $679,900. After carefully reviewing recent sales in the immediate vicinity, our clients requested we explore the possibility of a pre-emptive offer on their behalf with the sellers. Through their agent, the sellers graciously agreed to entertain our expression of interest, and the parties came to an agreement for around 17% over the asking price.
A big thanks to our clients for entrusting us to help them find their Home!
Are you seeking an opportunity like this one?
We LOVE what we do, and consider ourselves most fortunate.
Serving first and next-time buyers, relocations, renovators and those building their long term property portfolios, our mandate is to help our clients choose property which will realize the highest future return on their investment while ensuring the property best serves their practical needs and their dream of “Home” during their ownership. At urbaneer, we identify a property's best qualities, features and insouciant charm in the context of your wishes and wants, plus your future target market. Although searching for the right property can be an intense and sometimes lengthy process it is, without fail, rewarding both to our clients and the urbaneer team. We are so grateful to be the realtor of choice for so many Torontonians, and new arrivals.
If you, or someone you love, has specific real estate needs, wishes and desires, and would enjoy the personalized service of a Top Producing boutique real estate team who subscribe to a pressure-free approach, please know we're here to help at urbaneer.com.
~ Steven and the urbaneer team
earn your trust, then your business
Steven Fudge, Sales Representative
& The Innovative Urbaneer Team
Bosley Real Estate Ltd., Brokerage – (416) 530-1100
** Did you know we also lead a Student Mentorship and Internship Program for Canadians being educated in the field of housing? Consider visiting our newest architecture, design and landscape site called HousePorn.ca.
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Buy Of The Month