This is a 2+1 bedroom, 3 bathroom row house on a 14.67 x 138 foot lot with 2 parking spaces at 58 Birch Avenue in Summerhill.

It isn't a big house, but it has been completely renovated and there are 2 parking spots which is a big plus in this neighbourhood.

Here is what it looked like when it was listed in September 20014...

The asking price was $995,000.  According to this Globe and Mail Done Deal from February, it sold for $1,010,000.

The house was fine as is, but at $1 million dollars for not a large house, the odds are this was going to get renovated.

Turns out, it has been flipped.

And I like it.

There is nothing crazy.  The fireplace is subtle.  The floors are good.  The kitchen is great with a good layout and lots of storage.  And I love those back doors.

Upstairs, the master bedrooms is a good size with storage and a large ensuite.  The 2 bedroom that is set up as a den isn't massive but it is good as an office or a small kid's room.

The basement is finished with another bedroom and there is a nice city deck and garden at the back.

Basically, this is a good flip that didn't try too hard and got it right.

But, considering that this is only a 2+1 bedroom shouse, the price is pretty high...

Even for the neighbourhood.

The asking price for this house is...

$1,529,000.

Then again, that semi at 110 Alcorn Avenue...

Did sell for $1,110,000 in 2012.

And this is a better house with better location right across the street from a park...

So....

With the compounded interest calculator at 10%...

That would make 110 Alcorn a $1,520,000 house now.

And the 3 bedroom semi a few doors down at 52 Birch Avenue....

Sold for $1,540,000 a little over a year ago.

Making it a $1,745,000 house now at a 10% increase.  

But that place didn't have parking.

So......

Even though this seems like it was more of a cosmetic reno...

 And I am seeing this as more of a $1,355,000 house...

Maybe this price isn't so far off after all.

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