theglobeandmail.com
Edmonton Townhouse Sells Above Asking
A two-bedroom townhouse in Edmonton sold quickly above asking price due to low inventory. The property features modern updates and a desirable location.
English
Canada
Labour MarketLifestyleReal EstateMarket AnalysisPropertyHome SaleTownhouse
Re/Max Excellence
Clare Packer
- What are the key features and dimensions of the townhouse?
- The two-bedroom townhouse, built seven years ago, has 1,093 square feet of living space, including an open-concept main floor with a kitchen and entertaining area. It also features three bathrooms and a tandem double garage.
- What is the location and general description of the property?
- The townhouse is located 20 kilometers south of Edmonton's downtown core in a newer, suburban area. This location contributed to the lower price point compared to similar properties in cities like Toronto or Vancouver.
- What was the asking price, selling price, and time on the market?
- The property sold for $307,500 in July 2024, which was $7,700 above the asking price of $299,800. It was on the market for only 12 days, indicating high demand.
- What are the associated fees (condo, homeowner's association, and taxes)?
- Monthly condo fees are $190, and annual homeowner's association fees are $410. The property taxes for 2023 were $2,489.
- What did the listing agent say about the property and the market conditions?
- The listing agent, Clare Packer of Re/Max Excellence, noted that the unit had several upgrades, including quartz countertops, and that similar units in the area sell quickly due to low inventory.