166 Cottingham Street, Toronto - $1.9-million Summerhill home that sparked a bidding war - Toronto Real Estate

LISTED AT $1,699,000

SOLD FOR $1,895,000

Neighbourhood: Summerhill
The property: A newly renovated Summerhill semi on a quiet cul de sac.

The history: The sellers bought the property in 2012, then completely rebuilt the upper two storeys and revamped the kitchen with new marble surfaces and cabinets. Now they’re looking for a larger property in the same neighbourhood.

The fate: The buyer, a corporation looking to rent out the home, was attracted to the property’s location, its open interior, and the swanky backyard, which has new fencing and a built-in barbecue.

The sale: The agent priced the property under market value in the hopes of attracting multiple bids. After seven days, that’s exactly what happened: a six-way bidding war. The highest offer was conditional on the sellers agreeing to close within three weeks, which was a little too quick for them. They accepted the second-highest offer, which was still nearly $200,000 over asking.

By the numbers:

$1,895,000
$10,549.69 in property taxes (2015)
26.24-by-102.42-foot lot
7 days on the market
6 offers
4 bedrooms
3 bathrooms
2 parking spaces

The view from the foyer.

The living room has a gas fireplace with a Caeserstone surround.

The kitchen and dining area are combined.

The kitchen has a steam convection oven and a trash compactor. All the surfaces are new, including the marble backsplash behind the stove.

The window-lined family room is next to the kitchen (hence the microwave).

A view back through the first floor.

There are three bedrooms on the second floor. This one has a door to a balcony.

This bedroom, with its giant front-facing window, is being used as a home office.

And here’s the other bedroom.

The main bathroom has ceramic tile wainscotting.

The master bedroom has the third floor to itself. That window looks a little like a pair of French doors, but it’s not—it’s just a window.

The master bedroom has its own little exercise nook.

And a big walk-in closet, naturally.

The master ensuite has porcelain tile flooring. The skylight is fitted with an automated blind, in case anyone is worried about getting sunburned in the soaker tub.