If it seems that houses sell well above the offer price almost every single day, it’s because, they are. But some go for astonishingly high amounts, including a dilapidated semi-detached house in Toronto that has just sold as much as $ 451,000 over asking.
Located at 68 Caroline Avenue in Toronto’s Leslieville neighborhood, the dilapidated house with shabby ceilings and walls hit the market at a price of $ 799,000. It was sold just a week later for $ 1,250,000.
According to the notice, the home was at one time a three-room, but one of the rooms was later converted into a kitchen. The list also says that the home is in its original condition, which given the wear and tear is not that hard to believe.
The pictures reveal that both the ceiling and walls are pieces of plasterboard fallen off or shells. Many areas of the floor are extremely worn, the basement remains unfinished, and in one of the two bathrooms the tile flooring is chipped.
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Despite its clear need for a gut renovation, there are a number of features that would probably have attracted such a motivated buyer to this house. The property not only comes with parking, but it also has a detached armchair garage, which, if converted into an armchair house, can mean either more space for the owner or possible rental income.
And even though it is small in size, there is also a lot of outdoor space between the home and the garage. The house is also located in a convenient area close to the TTC, shops and the waterfront.
Whether or not you would have paid so much to ask for a house in Toronto that requires extensive renovation, one thing is for sure: the buyer has definitely worked for them.