Another big Toronto sale

Bidding war adds $605,000 premium By SYDNIA YU

From Friday's Globe and Mail
Published Friday, Jun. 24, 2011 9:53AM EDT
508 VESTA DR., TORONTO
ASKING PRICE $1,495,000
SELLING PRICE $2,100,000
TAXES $9,618 (2011)
DAYS ON THE MARKET: 7

LISTING AGENT Elli Davis, Royal LePage Real Estate Services Ltd.
The Action: On top of a busy open house one weekend, more than 50 parties arranged for a private visit of this historic Tudor residence in Forest Hill.
Priced for less than $1.5-million, a bidding war quickly erupted between a dozen buyers on the day offers were accepted. The offer accepted added $605,000 to the list price.
What They Got: This 50- by 144-foot property features landscaped gardens surrounding a brick and stone house well maintained with four bedrooms, four bathrooms and several public and private rooms with leaded glass windows and hardwood floors, plus an attic that could be finished for extra space.
For entertaining small or large groups, there is a fireside living room, a formal dining room, an eat-in kitchen, a family room and a sunroom with a rear walkout, plus a lower-level recreation room with a wet bar.
Residents and guests can retreat to the second floor where the bedrooms are located. The master bedroom has the convenience of a five-piece bathroom and walk-in closet.
Parking is available in the detached double garage or on the private driveway.
As for amenities, the house has easy access to shops and schools on Eglinton Avenue West, such as Forest Hill Collegiate, and is within close proximity to the Eglinton West subway station.
The Agent’s Take: "The lot size and location of the house really stimulated the activity," agent Elli Davis says. "It was a beautiful original Tudor home probably built in the thirties, and people just loved to retain the older characteristics and charm."