May 08

31 GRANLEA RD., TORONTO

ASKING PRICE: $699,000

SELLING PRICE: $783,400

PREVIOUS SELLING PRICE: $487,000 (2007); $200,000 (1995)

TAXES: $3,924 (2011)

DAYS ON THE MARKET: Five

LISTING AGENT: Kimmé Myles, Royal LePage Real Estate Services Ltd., Johnston and Daniel Division

The action: Agent Kimmé Myles had planned to review bids for this updated brick residence after nine days of market exposure. Only 21 parties had a chance to tour the site in the first few days before a buyer submitted a bully offer and instigated a bidding war.

What they got: On a short street just south of Sheppard Avenue, this 1½-storey house sits on a premium 50-foot lot that allows for a two-bedroom and three-bathroom plan, a private driveway and a south-facing backyard with mature trees, a herb garden and shed.

Two years ago, the kitchen was refinished with stainless steel appliances, ceramic floors and granite-topped counters and breakfast bar.

The living room was outfitted with new built-in speakers, but retains its traditional marble fireplace, original oak hardwood floors, six-inch baseboards, crown mouldings and leaded and etched stained glass windows like many areas of the house.

Other entertaining spaces include a den and open dining area on the main floor and a carpeted recreation room in the basement, which has a separate entrance.

There are several attractions within a five-minute walk or drive, from the subway and Bayview Village Shopping Centre to highways 401 and 404.

The agent’s take: “The lot size was 50 by 120 [feet] and… it was on the south side of the street, so it wasn’t facing any kind of commercial [structures],” says Ms. Myles. “It was a really nice house … very charming, really airy and light.”

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