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Toronto Bungalow Sale Reflects Market Shift
A renovated bungalow in Toronto's Norseman Heights sold for $1,375,000 after 78 days on the market, reflecting a shift in market conditions.
English
Canada
LifestyleReal EstateMarket TrendsRenovationTorontoHome Sale
Royal Lepage West Realty Group Ltd.Royal York Road
Ed Allan
- Describe the property and its renovations.
- The house is a 75-year-old bungalow that was stylishly renovated. It originally had two bedrooms, but one was removed to enlarge the living room, leaving it with only one bedroom.
- Describe the neighborhood and its amenities.
- The bungalow is located in Norseman Heights, a neighborhood known for its great schools and shopping, close to many amenities.
- What are some key features of the kitchen and basement?
- The kitchen features ceramic flooring, marble countertops, and maple cabinetry. The basement includes bamboo hardwood flooring in two rooms and a second full bathroom.
- What insights did the listing agent provide on the market conditions?
- The selling agent, Ed Allan of Royal LePage West Realty Group Ltd., noted that the market had changed substantially, with fewer buyers qualifying for financing, impacting the final sale price.
- What was the listing and selling price, and how long was the property on the market?
- The property was listed for $1,395,000 in July and September 2024 and sold for $1,375,000 in October 2024, after being on the market for 78 days.