Homes and Condo Mississauga

Sold! Three bedroom goes for $650K over asking in Uptown Toronto

Not so long ago it was customary to see Toronto houses sell for hundreds of thousands, but because the real estate market was cooled in the second half of 2017 and this year, it is a rarity.

  151 Roe Avenue Toronto That is why sales statistics on 151 Roe Avenue are so breathtaking. This property in the Bedford Park area initially stood at $ 995,000 and was sold six days later for $ 1,650,000.

  151 Roe Avenue Toronto According to broker André Kutyan about this period "there were 5,100 hits on the MLS list, 97 external broker fairs, 176 groups of people through the weekend open house, and 15 registered offers. "

  151 Roe Avenue Toronto Obviously, a significant amount of interest was generated through the low list price, but for anyone who doubts this sales strategy, it is intriguing to consider that the house is also listed on the MLS for $ 1,488,000 last May, but eventually pulled without a sale.

  151 Roe Avenue Toronto So even if you used the previous list price as a starting point, it still came well above questions. The market has spoken about what it is actually worth. A detached three bedroom in an attractive neighborhood is anything but shocking for $ 1.65 million.

  151 Roe Avenue Toronto As for the functions of the house, a few things worth noting are the relatively young age (built in 1992), the upstairs loft space (much larger than your usual third bedroom), and the finished cellar. From the viewpoint of the quality of life, it gets high marks.

  151 Roe Avenue Toronto The Essentials
  151 Roe Avenue Toronto Why it sold for what it did

Regardless of what you think the merits of advertising that sold a house for more than questions, this seems a pretty obvious case where a ton of momentum was created with a low list that eventually drove the price to a level that the buyer was satisfied with.

  151 Roe Avenue Toronto Was it worth it?

A market fundamentalist would argue that the final selling price determines the real value of the property, so the question itself is foolish. But, more generally speaking, a relatively young detached house in this area is a good asset for $ 1.65 million.

  151 Roe Avenue Toronto   151 Roe Avenue Toronto   151 Roe Avenue Toronto   151 Roe Avenue Toronto   151 Roe Avenue Toronto   151 Roe Avenue Toronto

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