A charming fixer-upper near the St. Clair strip: The buying agent breaks it down.
Address: 13 Hursting Ave.
Asking price: $579,900. (Twelve hours after the listing went up on MLS, the buyers put in their bid.)
Space: A semi on a 15.75-by-100-foot lot, with a detached garage in back.
“Everyone has different names for it,” says the buying agent, Hive Realty’s Cary Chapnick, of the St. Clair stretch west of Bathurst. (Here at The Grid, we call it Humewood.) “It’s a couple of blocks from The Rushton and all the great restaurants.” The buyers, a couple in their 30s with a baby and a $700,000 budget, liked the area schools and the proximity to downtown. They had also been looking at houses in Danforth Village.
The buyers had been looking since December. They’d viewed about 25 houses and knew what they wanted. This place, which they spotted in April, fit the bill: a semi with three bedrooms, parking, and a solid structure. “It was old, but it wasn’t gross,” says Chapnick. “The air conditioning worked, the heating worked.” The biggest issue was knob-and-tube wiring, an older electrical system that will have to be replaced immediately in order for the buyers to get insurance.
The house needs a full kitchen renovation and lots of cosmetic updating—the buyers will likely knock down the wall between the living room and kitchen and install pot lights throughout—but they were happy to exercise their own creativity, rather than pay a premium for someone else’s aesthetic. Having already lost seven bidding wars, the buyers were thrilled that the sellers had priced the home reasonably and were accepting offers anytime, rather than setting a date and hoping for multiple bids. “We made a full-price offer—we thought the price was fair and the closing date worked, so we didn’t screw around,” Chapnick says.