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Real Estate Facts and Comments
The Globe and Mail said what?
Sunday, 09 October 2016, 02:20:00 PM

In the Globe Real Estate from last Friday (October 7, 2016) in Done Deals section a sale of a single family residence at 24 Ridley Blvd. is reported sold. 

24 Ridley Blvd. residence in North TorontoWhile the list price is reported correctly as $1,595,000, the report provides the sale price as $2,650,000. If you read the article, you would have also noticed that this house received two competing offers.

How is it possible, you may ask, that with only two competing offers the house sold for more than one million over the asking price? Yes, the four bedroom detached centre hall home is handsome, but neither the location, lot size, facade, nor its interior are truly outstanding and remarkable... And a corner lot, while providing good light for the interior, does not appeal to every buyer. The house is also situated extremely close to its neighbour to the south, which makes the original part of the interior feel more like a semi-detached structure. 

As it turns out, the article was wrong. Sale price for this house was $1,650,000, only $55,000 over the list price. And, while receiving $55,000 more than the asking price is nothing to sneeze at, in today's real estate market in Toronto it is nothing out of the ordinary.

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