X-factor: At 28 Clapperton Ave., this three-bedroom, two-bathroom semi-detached bungalow is nestled in an attractive location.
The home is steps away from Warden Station, making commuting by public transit easy. Surrounded by tons of parks and greenspaces, the property is also in proximity to plenty of schools, beauty salons and barber shops, restaurants and religious centres.
It’s also near Warden Woods hiking trail, and a short drive from the Scarborough Bluffs.
The home features spacious rooms with high ceilings and hardwood floors, a basement with a separate entrance, an expansive backyard and a long, three-car driveway.
- Which an old-fashioned interior, this bungalow sold above asking price for $920,000 on April 20. The property was built in 1956 and could use a refresh. Some of the current design choices such as the kitchen backsplash and bathroom tiling suggest it hasn’t had a renovation in a while. We spoke to realtor Othneil Litchmore for a better understand this sale.
- Located in a somewhat quiet and up and coming neighbourhood, Litchmore said the home could be suitable for a young family who wants to move outside of the downtown core, but not stray too far.
“This home is for someone who wants to stay within the city limits. Since it’s close to a subway station, they can get downtown pretty quickly,” he said
As it stands, the property is livable sans renovations, but Litchmore also said he could see an investor scooping this property up, with a vision of taking advantage of the basement space and modifying the home into a duplex.
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The property being listed at $799,000 isn’t uncommon especially in this neighbourhood, Litchmore said, and it being sold for $120,000 over asking isn’t a surprise either.
37 Clapperton Ave., a similar home just a few doors down on the same street, was sold in March for $932,000. Though originally listed for $899,000 with practically the same build as 28 Clapperton Ave., Litchmore explains that the price tag is justified not only due to its updated finishes and renovated basement, but because that seems to be where the market is currently at.
According to HouseSigma, the median price of semi-detached homes in the Clairlea-Birchmount community during March 2023 was $900,000, and Litchmore confirms the figure.
The property being listed at $799,000 isn’t uncommon especially in this neighbourhood, Litchmore said, and it being sold for $120,000 over asking isn’t a surprise either.
37 Clapperton Ave., a similar home just a few doors down on the same street, was sold in March for $932,000. Though originally listed for $899,000 with practically the same build as 28 Clapperton Ave., Litchmore explains that the price tag is justified not only due to its updated finishes and renovated basement, but because that seems to be where the market is currently at.
According to HouseSigma, the median price of semi-detached homes in the Clairlea-Birchmount community during March 2023 was $900,000, and Litchmore confirms the figure.
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“Any active buyer looking in this market should have a budget for about $900,000,” he said. “In this market as it stands right now, sellers are pricing low as a marketing tactic to attract attention and more offers. The listing price is not really an indication of what the seller actually wants.”
Is it a good deal?
Litchmore said the type of property and age, about 70 years in this case, are pretty standard for the Clairlea-Birchmount neighbourhood.
“It is older, but that’s what you’re going to get within the city’s limits. It’s sort of unavoidable. You’re going to get 60-plus-year-old homes because that’s when they were all built.”
However, Litchmore also said affordability is a factor at play, especially for a potential buyer who wants the downtown Toronto lifestyle without the downtown prices.
“Any active buyer looking in this market should have a budget for about $900,000,” he said. “In this market as it stands right now, sellers are pricing low as a marketing tactic to attract attention and more offers. The listing price is not really an indication of what the seller actually wants.”
Is it a good deal?
Litchmore said the type of property and age, about 70 years in this case, are pretty standard for the Clairlea-Birchmount neighbourhood.
“It is older, but that’s what you’re going to get within the city’s limits. It’s sort of unavoidable. You’re going to get 60-plus-year-old homes because that’s when they were all built.”
However, Litchmore also said affordability is a factor at play, especially for a potential buyer who wants the downtown Toronto lifestyle without the downtown prices.
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