This two-bedroom houses offer 964 square feet of living space, including two remodeled bathrooms.Supplied
14812 93 Ave. N.W., Edmonton
Asking price: $499,000 (May, 2024)
Selling price: $525,000 (May, 2024)
Taxes: $4,492 (2023)
Days on the market: Seven
Listing agents: Clare Packer and Judy Clare-Packer, Re/Max Excellence
The action
This 70-year-old bungalow is essentially brand-new after extensive renovations by the past two owners, but nothing could be done to improve its location near a busy street four kilometres east of West Edmonton Mall. Nonetheless, more than two dozen visitors were riveted by the chance to spend only $500,000 to reside in the popular community hugging the North Saskatchewan River.
“A lot of the properties priced at that entry level either need a ton of work or they’re more lot value,” said agent Clare Packer.
“I sold one across the street a couple years ago that was $1.3-million, so that’s double, if not triple, the price of this house, so to find something that’s nice and totally livable at an entry-level price is a total rarity.”
This 70-year-old bungalow is essentially brand-new after extensive renovations.Supplied
Four buyers recognized it deserved more money, but one dug out an extra $26,000.
“Being strategically priced a hair below $500,000, we knew the likelihood of getting multiple offers was higher whereas at higher price points – $1-million or $750,000 plus – it’s a smaller pool of buyers,” said Ms. Packer.
“All the offers were above asking, and there was one clear winner being so far above the asking price and with a very short condition period.”
There are open living and dining areas.Supplied
What they got
This two-bedroom houses offer 964 square feet of living space, including two remodelled bathrooms, and an upscale kitchen with custom cabinetry, quartz countertops and appliances.
There are open living and dining areas, plus a refinished recreation area and guest rooms downstairs.
Utilitarian amenities range from a fresh façade and mechanics to a double garage on the 47- by 120-feet, 5,629-square-foot corner lot.
The unit has an upscale kitchen with custom cabinetry, quartz countertops and appliances.Supplied
The agent’s take
“The neighbourhood is highly desirable because it’s close to highly performing schools and the river valley trail system,” said Ms. Packer, “and the commute downtown or to the university is all convenient.”