Early offers for Bedford Park home turned away – bidding war ensues

sydnia yu From Friday's Globe and Mail Published Thursday, Feb. 09, 2012 11:00AM EST Last updated Thursday, Feb. 09, 2012 11:02AM EST

188 SNOWDON AVE., TORONTO

ASKING PRICE $899,000

SELLING PRICE $1,051,000

TAXES $5,572 (2011)

DAYS ON THE MARKET Eleven

LISTING AGENTS Jim Burtnick and Andy Taylor, Sotheby’s International Realty Canada

The Action: Right after this detached house hit the market, arrangements were made for 40 private showings and two open houses to accommodate more than 80 parties.

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Within the first few days, three buyers submitted offers, but they were turned away until a pre-determined presentation date. That day, there was a bidding war between a dozen shoppers.

What They Got: A large part of a 30-foot by 125-foot lot is occupied by a 75-year-old brick house, surrounded by a manicured lawn, fenced backyard and surface parking.

Various activities can take place inside where there is a fireside living room, formal dining area and kitchen with access to a sunroom addition with a patio exit, plus a partially finished basement with a separate entrance.

For more privacy, there are four sleeping quarters and a single bathroom on the second floor.

The Agent’s Take: “It’s a very family-friendly area, so we had a lot of demand from families and builders alike,” says agent Jim Burtnick, who grew up playing ball hockey and hide-and-seek on the quiet street. “It’s in a good school catchment [area], it’s close to parks and has good TTC access.”

What gives this property more distinction from others is its 30-foot wide frontage. “Most of the houses on the street that are detached have 25-foot lots, so what the 30-foot lot allows is a private driveway,” says Mr. Burtnick. “A lot [of the other houses] have mutual driveways or have no driveway and put in parking pads.”

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Early offers for Bedford Park home turned away - bidding war ensues