East York bungalow draws 21 bids, sells $212,000 over asking

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This roughly 40-year-old bungalow on a 30-by-100-foot lot close to Stan Wadlow and Taylor Creek parks got a fresh coat of paint and some staging to show off its combination of modern updates and classic lines.

Those moves helped win over a swarm of house hunters, 21 of whom braved a cold snap to submit bids in late January.“You don’t generally expect that … in the winter. That’s more like the spring market in 2017 when it was crazy.”Save for new roofing and hot water heating system added in 2017, this two-bedroom house was kept in fairly original form with traditional living and dining rooms and hardwood floors throughout.

Below is a one-bedroom basement suite with cooking and entertaining quarters and two entrances, including one exiting to the private driveway and double garage.“It’s hard to find a detached [home] under $1-million, so there were a lot of first-time home buyers, and because it had potential to rent out the basement, that made the home even more affordable,” Mr. Ipekian said.Your house is your most valuable asset.

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This is so stupid. If someone priced their house at $1 (it’s been done before) will you run a front page headline saying “HOUSE SOLD IN ONE DAY, 1MM OVER ASKING”. The globe and mail is a good newspaper but your real estate section is a joke.

Very affordable for most families particularly given most banks just dropped mortgage rates 20 BPS. Entry level detached market remains strong in Vancouver and Toronto.

savevancouver JFC, HOW IS THIS NEWS? So what? They underpriced to start a bidding war. End of news story.

Fools!!!

Money launders profiting off real state as usual.

Asking 599... priced lower, sold lower that it would have last year.

eliminate property tax

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