cashing in on home renovations

Are we entering a golden age in Bells Corners history?

Here’s a typical 1961 Lynwood Village bungalow currently for sale. What’s your guess as to its asking price? (answer at the end of this post)

It’s one of the smallest models and is a “Planner” rather than an “Executive” which means all the rooms are a bit smaller, there’s no ensuite bathroom in the master bedroom and the location of the stairs down to the basement precludes the possibility of a window in the dining room (on the wall to the right in the first photo).

Most Lynwood Village Bill Teron houses (not to be confused with pseudo-Lynwood homes in the Tanglewood area) have had the carports converted into single or even double garages.

The house for sale at 35 Longwood doesn’t have any sort of shelter for a vehicle (the driveway has been converted to a double-wide, however).

This is a liability in these troubled times when thieves like to pass late at night and see if any cars parked outside have unlocked doors or visible objects worth stealing. You don’t have to dig too deep to hear of a neighbour who has been victimized by petty crime – a guy a couple of houses down from me surprised three high school-aged youths inside his SUV looking for stuff in the glove box. He caught one of them but couldn’t hold on, and didn’t bother reporting it afterward, as nothing was stolen. He later saw one of the kids strolling by his house but decided to let it slide.

The location of the bungalow for sale is not bad, close to the row houses on Harwick, Longwood and Richmond, but an easy walk to a bus stop, the library, Catholic and public schools, the tennis club and the strip. The lot is a standard 70′ x 100′, huge for a house inside the Greenbelt, but the position of this house on the rear of the lot means a small back yard.

It was bought in May 2010 by a young couple looking to flip it, and they’ve done a fantastic job renovating the place themselves. Anyone looking for ideas on the best way to renovate a Lynwood Village house and cash in on the upcoming increased demand for affordable homes near the new DND headquarters should drop in during the Sunday 2:00-4:00 open houses to meet these friendly people.

Lynwood Village homes started out selling at just over $12,000 in 1959. In 2005, there was not much around under $200,000 with several homes going at over $300,000.

In 2010, 29 Lynwood Village houses were sold, at an average price of $332,878. Many people think that prices in Lynwood Village will soon skyrocket because of DND taking over the Nortel campus.

The house featured in this post is for sale for $369,000, down ten grand from the original asking price. Here’s the house before the renovations.

House prices in Bells Corners have been climbing steadily – here’s where they stand now.

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