This Etobicoke house sold for $501,000 over asking in just four days (PHOTOS)
Toronto real estate’s jaw-droppingly high sale prices are being seen in every area of the city, and this recently sold house in Etobicoke is no exception.
The three-bedroom, two-bathroom house at 97 Dunedin Drive hit the market on April 4 with an asking price of $1,999,000. It sold just four days later for a whopping $2,500,000.
And it seems the buyer really wanted the house. They not only put in an extremely high offer but also submitted a pre-emptive offer — an offer sent in before the official offer night.
“A successful bully offer generally contains an aggressive price and no conditions as its purpose is to try and incentivize the sellers not to wait until the offer date but to instead accept before the actual offer date and also allows the buyers to compete against less buyers or maybe even none at all,” Zoocasa agent Carlos Moniz told Daily Hive.
It’s not hard to see why this house would attract such steadfast interest. It’s move-in ready with spacious rooms, a beautiful kitchen, a large deck, and a finished basement with walk-out exits to the backyard.
“It may be worth paying a premium for a turnkey property versus taking on the headaches that come with a renovation,” Moniz said. “This property is also on a great 48 ft-wide lot, with a great yard that buyers today are really putting a lot of value on.”