An early Christmas present goes to the owner of this house in VAUGHAN, a Bungalowland suburb north of TORONTO. It sold $400,000 over the asking price and attracted more than 800 visitors to 3 open houses. The final selling price was $1.1-million as-is.
The house had torn wallpaper, a partially finished basement, an old kitchen and well-used carpets. The vendor installed a new furnace and put railings on the front porch. Otherwise, it was sold in the original condition, without staging
The price of a new detached house in the TORONTO region rose 27% in the past year to an average $1.24-million per house according to the latest statistics from the Building & Land Development Association (BILD).
60% of the 43,651 new homes sold in the region this year were high-rise condos. The average sale price of those was $493,137. On average the size of condos in 2016 rose to 820 square feet.