theglobeandmail.com
Toronto House Sells $300K Over Asking
A 104-year-old house in Toronto's west end sold for $1.6 million, $302,000 over the asking price, due to a strategic, aggressive offer by the buyers.
English
Canada
LifestyleReal EstateHome BuyingTorontoHouse SaleBidding War
Re/Max Professionals Sidorova Inwood RealtyRoyal Lepage Terrequity RealtyRe/Max Professionals Inc
Michael InwoodTanya SidorovaNutan Brown
- Describe the key features of the house.
- The house features heritage elements like a fireplace, leaded/stained-glass windows, and beamed ceilings, as well as an updated eat-in kitchen, a second-floor office/sundeck, and a finished basement recreation area.
- What is the address and age of the house?
- The house is 104 years old and located on a 25-by-156-foot lot in Toronto, at 303 Quebec Ave.
- What were the asking and selling prices of the house?
- The final selling price was \$1.6 million, \$302,000 over the asking price of \$1,298,000.
- Who were the buyers and what were their priorities in searching for a home?
- The buyers were a couple looking for a family-friendly home with a large lot, good schools, and parking in Toronto's west end. They were outbid on a similar property a year and a half earlier.
- What was the buying strategy employed by the buyer's agent, and what was its outcome?
- Nutan Brown, the buyer's agent, described the successful strategy as making an aggressive, unconditional offer to demonstrate serious intent to the sellers.