Sellers priced under $2.3-million to encourage numerous offers, with the ultimate bid settled at $611,000 over the asking price
Recent improvements to the home include new windows, roofing, mechanical and plumbing systems.In the prime residential neighbourhood bordering Riverdale Park, buyers generally expect a fight over turnkey properties such as this three-storey house. Nevertheless, the sellers decided to price it under $2.3-million to encourage numerous offers. Within six days eight offers came in, several of which were revised upward until the ultimate bid settled at $611,000 over the asking price.
“In the east end, it’s all about low pricing. If you price things higher, you look overpriced. One agent suggested we price it $200,000 lower, but I said, ‘No, we need to be closer to our end goal.’”This semi-detached Victorian is more than 100 years old, but nearly everything inside was updated, and each level had been expanded between 2010 and 2018.
What had been separate apartments on the upper floors were dismantled and restored to their original state, resulting in living space consisting of three bedrooms, an open dining area, a kitchen and two entertaining areas with gas fireplaces.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pot Stock Rally Burns Short Sellers for $105 Million in LossesA surge in shares of cannabis companies has saddled short sellers with more than $105 million in losses this year, but that hasn’t stopped traders from betting against the sector.
Read more »
First-Time ESG Bond Sellers Face High Bar as Climate Week Runs OnDebut issuance as a share of the sustainable bond market has dipped to a record low amid rising borrowing costs, dampening companies’ efforts to raise trillions of dollars needed to tackle climate change.
Read more »
Arm shares eye third straight day of losses as post-IPO buzz fizzlesData from analytics company Ortex on Tuesday suggested that short sellers had started taking bets against the stock with slightly more than 5 million shares of the newly listed chip designer 'on loan,' or 2.7% of the stock's free float. Short sellers need to borrow a stock to short it, and the relationship between shares on loan and shorted is normally quite close, according to Ortex. Initially with a new stock 'there is often a lot of data missing, so there is a reasonable expectation that the real number is higher,' Ortex co-founder Peter Hillerberg said in an email.
Read more »
Want a three percent mortgage rate? Give assumable mortgages a lookWith mortgage rates lingering above 7% a lot of potential homebuyers may be tempted to sit on the sidelines and wait for rates to come down. But Roam CEO Raunaq Singh suggests buyers and sellers take a look at assumable loans. Assumable loans, according to Singh, are loans in which the buyers 'take over the interest rate that the seller currently has.' In other words, the rates that the seller paid are the same rates the new buyer will pay. This, according to Singh allow for more affordability and increases opportunities for sellers. Roam takes 1% of purchase price from each sale made through their site.
Read more »
Ethereum: As whales move away, what’s next for ETH?Ethereum whales start selling their holdings amid a price surge, sparking concerns about potential price impacts.
Read more »
Australian Rare Earths increases Koppamurra resourceJunior explorer Australian Rare Earths has reported an 84% increase in the resource at its Koppamurra rare earths project in South Australia, with the resource now standing at 186-million tonnes at 712 parts per million total rare earth oxides, containing up to 132 000 t of total rare earth oxides. “With each drilling campaign we have progressively built our confidence in our ability to demonstrate the establishment of a world-scale ionic clay-hosted rare earths Province in the heart of a tier one location,” said Australian Rare Earths CEO Travis Beinke.
Read more »