Strategic pricing brings in 11 offers for updated midtown house | The Globe and Mail

The Action: In late June, this three-bedroom house with private parking was strategically priced under $1.4-million to draw attention away from other midtown options and incite a bidding war.

“The key to doing that is you have to be very aggressive in the asking price,” says agent Andre Kutyan, who ultimately juggled 11 offers.

“[Plus,] a big draw for the neighbourhood is the Allenby Public School district, so a lot of our buyer pool was coming from the immediate area, people with smaller homes with kids already in the public school.”

What They Got: Hardwood floors and crown mouldings in areas such as the living and dining rooms allude to the 1929 origins of this 1,700-square-foot house on a 25-by-134-foot lot.

Modern luxuries are evident throughout, however, from remodelled bathrooms to a recent two-storey addition that enlarged a lower-level recreation area and created a family room off the kitchen. The latter also bears new granite counters, stainless-steel appliances, an island with bar seating and double doors to a south-facing deck.

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Strategic pricing brings in 11 offers for updated midtown house – The Globe and Mail.