Price difference selling a tenanted home vs vacant one in Toronto (leslieville)

$0 if the buyers are moving in

FARMERBLANCHE wrote: ↑ $0 if the buyers are moving in

Does that consider the fact that it would rule out the following pool of buyers?

1. People who want to live in and rent out the basement for additional income

2. People who want a duplex as an investment property, but unwilling to accept a tenant paying below market rent.

UrbanPoet wrote: ↑ Does that consider the fact that it would rule out the following pool of buyers?

1. People who want to live in and rent out the basement for additional income

2. People who want a duplex as an investment property, but unwilling to accept a tenant paying below market rent.

There is also a concern that tenant may not want to move even with an N12 presented, forcing need to go through LTB and official eviction process. This could possibly delay the closing date if new buyers need an empty property, or force deal to collapse.

If I was a buyer and needed a home for personal use by a firm date, I would be hesitant to buy any tenanted property these days.

Yes there could be a difference, vacant home is easier to show, easier to stage, easier to keep presentable. Buyers have no worries about vacant possession.
I have had few cases where we had scheduled the showings 24 hours in advance and the tenant still wouldn't let us in, it doesn't happen very often but it does.

Depends. Are your tenants nasty? Are they difficult? If so the answer is obvious.

The challenge these days is will thry be willing to allow people to look at the house.
? I know someone with a tenant who has been very difficult. They won’t allow anyone to view the home due to COVID (which I don’t blame them).

Selling an empty home removes a lot of headaches.

Sold my property last month. It was hard to sell with tenant occupied. Buyers afraid that tenant doesn't want to move out or new investor unable to rise rent with lease takeover. House was in the market for 60+ days while everybody sold under 10 days in the same area. House relisted after tenant moved, Sold in a week at market price.