House of the week: 89 Pears Avenue

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When the two bedroom semi at 89 Pears Avenue couldn't sell for $1,298,000, the owners decided to send potential new buyers a somewhat confusing message -- they re-listed the property for 15 percent higher. The house near Davenport and Avenue Road was recently put back on the market with an increase and a new asking price of $1,498,000.

There are no upgrades to the already renovated property to justify the increase. Although nicely staged, the house still features the same hard wood flooring, exposed brick, mismatched staircase, and overly draped interior. The semi next door at 87 Pears Avenue, a larger three bedroom with parking, sold last year for $1,275,000, which was under asking.

The owners aren't in a hurry to sell, raising the price during the slowest real estate time of the year. Even so, you're paying for location in one of the city's most expensive neighbourhoods. There's nothing under a million (even a fixer-upper is close to that price), and larger properties are selling for $2 million or more. Perhaps they'll find a buyer with an affinity for high-end textiles with the abundance of satin drapery that's included in the price.

SPECS

Address: 89 Pears Ave
Price: $1,498,000
Lot Size: 15x105
Bedrooms: 2
Bathrooms: 2
Parking: Carport
Taxes: $7,472
Walk Score: 97

NOTABLE FEATURES

1,500-2,000 square feet
Large basement with spa bathroom
Skylights
Second floor balcony

GOOD FOR

Homeowners wanting additional green space in an urban environment. The house features a private backyard living space with built-in seating, and is steps away from Ramsden Park. There's outdoor skating in the park along with an off-leash dog area, baseball diamond, wading pool and tennis court.

MOVE ON IF

Uh, you're looking for a deal on the price and you need more than two bedrooms. It seems the owners are staying firm on their price and perhaps, unwilling to negotiate down. Watch out. We may see this house again re-listed for even more money.

ADDITIONAL PHOTOS