This Toronto luxury home sold for more than $500K above asking – here's why

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This Toronto luxury home sold for more than $500K above asking – here's why
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After just six days on the market, a Toronto row house sold for more than $500,000 above its listing price. The seller's agent, Toronto-based Irene Grech, explains some of the reasons why.

After just six days on the market, a Toronto row house listed for $1,499,000 sold for just over $2 million early last month. A key selling point for 50 Fern Ave. was its spacious interior and large windows, said listing agent Irene Grech with Chestnut Park Real Estate, based in Toronto.

Built in 1912 on a 40 by 4.4-metre lot, the property features four bedrooms and three bathrooms as part of an open-concept floor plan. The bold red brick on the exterior contrasts the soft and neutral interior design.Different parts of the property have undergone a number of renovations over the years, dating as far back as 2010, Grech said.

The designer kitchen is the result of a custom renovation that involved installing a marble backsplash and a polished nickel faucet. What also makes the property special, Grech said, is its wainscot panelling on the lower portion of the wall on the main floor.“She added a lot of quality details … while keeping the original charm of the house, which is quite lovely,” she said. “So it has a nice, charming, original feel but it was updated, so it was the best of both worlds, really.

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