Time to invest in red-hot Annex real estate?

A big Victorian home on a signature street? Yes, please.


This Victorian garnered two offers and sold for below list price

List price: $2.399 million
Selling price: $2.15 million
Days on market: 14
History: Sold for $1.65 million (2016)

This multi-unit home on Brunswick Avenue in the midst of renovations sold for more than $2 million after two weeks on the market. Roman Gofman, a realtor with Forest Hill Real Estate, chats with Post City about 410 Brunswick Ave.

Selling points
It’s three units and a great location, so it’s a really good investment. The interior was under renovation when the owners decided to sell, so the major draw was definitely the location. It also has great upside. Once the renovation is done, which will cost about $200,000, the price will increase by $500,000. The owners are upgrading everything: new appliances, painting — just overhauling it completely.

It’s the Annex, so it’s obviously a great area. The house is walking distance to Bloor Street and Yorkville, really to everywhere. It’s also close to the University of Toronto, which is a big selling point. There are plenty of shops and restaurants around there, so it’s really attractive from a walkability standpoint. This kind of sale isn’t average for this area, but the prices are going up monthly. The area is really starting to boom now.

What went down?
Two offers actually came in at the same time, and they started competing. The seller decided to take one of the offers. The difference between the offers was marginal. 

Who bought it?
A young family bought it to live in and use as an investment property.

Market impact?
The market will continue to go up in the Annex after this sale. It will help to take the neighbourhood to the next level.

Edit Module

Join the conversation and have your say by commenting below. Our comment system uses a Facebook plugin. Please note that you'll have to turn off some ad-blockers in order to see the comments.

Edit Module

Follow us on Twitter @PostCity for more on what to eat, where to shop and what to do in Toronto.

Edit ModuleShow Tags

You may also like...

Local Love: Sliding into the footwear trend of the summer with a local designer

Local Love: Sliding into the footwear trend of the summer with a local designer

This summer, it’s all about the slide. Perfect for those who hate dealing with fiddly sandal buckles, it’s hard not to fall for the charms of the shoe that exudes low-key elegance. One of the season’s best finds hails from Toronto’s very own Zvelle line.
Posted 4 days ago
Revelling in the rainbow ahead of Toronto’s Pride Weekend

Revelling in the rainbow ahead of Toronto’s Pride Weekend

Posted 5 days ago
Stintz on Midtown: Old stomping grounds

Stintz on Midtown: Old stomping grounds

One example of a true heritage house is the Snider House at 744 Duplex Ave. The house, built in 1820, was originally owned by Martin Snider and is one of the oldest in the city.
Posted 6 days ago
Temple vs. townhouses

Temple vs. townhouses

Posted 1 week ago
Edit ModuleShow Tags
Edit ModuleEdit Module