Real Estate

Guess the final selling price....

  • Last Updated:
  • Aug 20th, 2020 8:15 pm
[OP]
Deal Addict
Jul 3, 2007
4050 posts
4532 upvotes
Toronto

Guess the final selling price....

Imagehttps://toronto.ctvnews.ca/this-toronto ... -1.5040276

A tiny two-bedroom, one bathroom home on Euclid Street in Little Italy has just hit the market for $999,999.

The "rare detached bungalow located in the heart of Toronto" is advertised as being a "great size" with "loads of potential."


my guess is 949k....
46 replies
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Oct 16, 2008
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Vaughan
970K is too low.

My new guess is 1.7mil.
Last edited by teoconca on Jul 27th, 2020 12:33 pm, edited 1 time in total.
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[OP]
Deal Addict
Jul 3, 2007
4050 posts
4532 upvotes
Toronto
Overview of Community Stats for Semi-Detached in Trinity-Bellwoods, Toronto
June 2020 Median Price
$1,649,000
June 2020 New Listings
8
June 2020 Median Days on Market
17
1 Year Value Change+21.5%
5 Year Value Change+71%
10 Year Value Change+168%


309 Manning Ave
Trinity-Bellwoods - Toronto
Semi-Detached
Listed for: $ 2,398,000 $ 2,398,000
Sold for: $ 2,800,016
Sold 6 days ago
Deal Addict
Sep 28, 2006
1157 posts
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Toronto
Over asking - 1.3 million
Deal Fanatic
Mar 27, 2004
7730 posts
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Toronto
whats the land size?
Full-time Realtor
[OP]
Deal Addict
Jul 3, 2007
4050 posts
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Toronto
oasis100 wrote: whats the land size?
:

Size:
Lot Size:
20.16 x 129.00 feet
Lot Irregularities:
See Survey
Parking:
Detached 2 garage, 0 parking
Basement:
None
Last edited by joepipe on Jul 27th, 2020 12:32 pm, edited 1 time in total.
Deal Fanatic
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Sep 8, 2007
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Way Out of GTA
Or said another way “perfect eventual starter home for bears who sat on sidelines while the market ripped higher”
Deal Addict
May 9, 2017
1222 posts
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Land 1.25M, Structure -0.1M, Total 1.15M
Deal Addict
Nov 24, 2013
2267 posts
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GTA
$800,000. The buyer pool want be a big one.
Deal Addict
Jan 1, 2017
1810 posts
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Somebody bought this in 2016 for $1.2M?? Wow!
Sr. Member
Aug 17, 2018
627 posts
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Not sure how this ended up in the news. It was sold for $ 1,218,000 in 2016.

Screen Shot 2020-07-27 at 1.11.34 PM.png
Newbie
Nov 4, 2019
83 posts
41 upvotes
It sold for 1.2 mill in 2016. If rebuilt a a home on a similar sized lot sold for 3.2 mill...Insane!!!
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[OP]
Deal Addict
Jul 3, 2007
4050 posts
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Toronto
Chocobrownie wrote: It sold for 1.2 mill in 2016. If rebuilt a a home on a similar sized lot sold for 3.2 mill...Insane!!!
wow.... now we know their breakeven price....
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Oct 16, 2008
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ProductGuy wrote: $0! Nobody is going to buy this!
It looks better than expected. People buys this for right to the land. Demolish the house then build new one. Lot size is decent.

1M for the land + 1M to demo+build new nice one, sell for 2.5M. Is there any taker for this? Easily, as location is very good.
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Sr. Member
Aug 17, 2018
627 posts
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teoconca wrote: It looks better than expected. People buys this for right to the land. Demolish the house then build new one. Lot size is decent.

1M for the land + 1M to demo+build new nice one, sell for 2.5M. Is there any taker for this? Easily, as location is very good.
I am pretty sure that is what the 2016 buyer had in mind. Why would someone pay 1.2M otherwise? I wonder why it did not work out.
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Oct 16, 2008
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JanZ95915 wrote: I am pretty sure that is what the 2016 buyer had in mind. Why would someone pay 1.2M otherwise? I wonder why it did not work out.
Could be anything, divorce, family problem, financial problem. I would do this if I have money. Solid plan with some risks.
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Member
Jun 6, 2014
300 posts
128 upvotes
Toronto, ON
JanZ95915 wrote: I am pretty sure that is what the 2016 buyer had in mind. Why would someone pay 1.2M otherwise? I wonder why it did not work out.
A lot of people who went in, in 2016 and 2017, were speculators. They didn't have intent on building or renovating. Hold a few months or a year and flip. But unfortunately the market topped off that year and they couldn't finish the flip. Now they're looking for offload.
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Oct 31, 2019
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cartfan123 wrote: Or said another way “perfect eventual starter home for bears who sat on sidelines while the market ripped higher”
I don't think starter homes cost seven figures......starter homes these days = 1br condo or a van down by the river

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