Reno show home layout fails to impress family buyers

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Toronto Home Sales News

Done Deal,Real Estate,Nodelphi

The sellers declined four offers at different points but accepted $1.392-million from a realtor who purchased it for themselves

This 128-year-old house is set up as a legal duplex, with one unit on the second floor and the other occupying the main floor and basement.This semi-detached house was reconfigured with two one-bedroom suites on HGTV’sshow for the owners to reside in one unit and rent out the other. But that layout didn’t work for many buyers, who balked at the prospect of rejigging the space back into a single-family home. First posted with an asking price of $1.

“When the market rebounded in January, 2024, it was mostly young families looking for three-bedroom houses in the area, and the high interest rates were still keeping investors and single buyers out of the market, until we found our ideal buyer in March,” Mr. Hanton said.

 

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