A home priced too low gets pushed up a notch

The Action:

This 1½-storey house was first listed for $449,900, which may have scared away buyers who felt the price would ignite an aggressive bidding war that would spiral far beyond reach.

So, agent Holly Chandler made the unconventional decision to raise the price to $465,000 and several shoppers felt comfortable presenting an offer closer to that number.

318 Indian Road Crescent

What They Got:

This 1,730-square-foot residence from the 1920s is in move-in condition after the seller's father spent seven years installing new hardwood floors, appliances, and heating and cooling systems, along with custom-built pieces ranging from oak closets, cabinetry and hutches to etched glass partition walls in the foyer and between two bedrooms off the lower level recreation room.

The main floor accommodates one of two full bathrooms, a wide kitchen, open dining area and a rear living space with access to a brick patio and a new retractable ladder to an upper level master suite with a walk-in closet.

Highlights outdoors consist of a newly landscaped front yard, fenced backyard, cedar shed and rear parking.

For those who enjoy walking, the property is minutes from schools, parks and Dundas Street shops and restaurants.

The Agent's Take:

"It's in the heart of the Junction, which has been getting so much press," agent Holly Chandler said. "It seems to be changing every day with something new and great opening up, and it's got a really strong community."

The main draw of the house was its size and shape. "For a 1.5-storey [ property ], it had an amazing amount of space, like the basement didn't feel like a basement at all with high quality woods and craftsmanship," Ms. Chandler said.

"The guy that bought it was a friend of the owners … [so] knew what went into the house and just how solid it was."

Published in the Globe and Mail, Thursday, Sept. 22
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