House of the week: 184 Pearson Avenue
184 Pearson Avenue is a curious real estate listing. Recently put on the market at $895,000, it has since been bumped up to $995,000, a price which seems more in keeping with the the quality of the house and neighbourhood. Still, why the increase post-listing? Was the interest just not there? It's hard to reconcile how this particular property didn't incite a bidding war when it hit the market.
Here you have a lot of Toronto home buyer's key criteria covered: the house is of a decent size (3 bedroom/3 bath), is extremely well located (Roncesvalles Village), doesn't require major renovations, has a walk score of 92, and even two parking spots. The street itself is quiet and mature, made up of many historical homes. In other words, there's not a whole lot to dislike. Let's have a closer look.
At just shy of a million bucks for a list price, this three bedroom home in a highly desirable neighbourhood will appeal to those with mid-sized budgets who are hoping to avoid moving to a less established area for the sake of gaining enough space. While not huge, the renovated basement, two parking spaces, and three bathrooms help this space to fight in a class above its actual weight. It's Roncesvalles Village for a million bucks. Even if this listing was slow out of the gate, you'd expect it to attract a lot of attention.
MOVE ON IF
There a lot of good qualities this house possesses, but modern design is not one of them. Unless you have big bucks to renovate (which be a shame given that it's not all that dated), you'll have to be comfortable with home that has a lived-in feel. Another potential knock is the size. Three bedrooms might not be enough for some families, though it's worth remembering that the finished basement could house a teenager who tends to shy away from the light anyway.
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