eyesthebye2 wrote:Here is a $230,000 under ask sale.
Is this the kind of sale you're talking about reallyreal?
Whether this was listed at 2.5M or 800k, we were still going to end up at 1.65-1.7M on this one. This is what older homes on this size lot sell for here.
Originally listed in July 2016 at 1,599,000. So folks, the sale here is above peak prices before foreign buyer rule changes.
1195 east 48th ave
2603sqft detached built 1970
5400sqft RS-1 lot
Sold $1,650,000 on 27-Feb after 224 daysRenovated home located on popular Knight area. Great size lot with 50 ft width. The home has been redone with high end quality material and work. Laminate floors throughout main living area and bedrooms. The kitchen is gorgeous with quartz counters and S/S appliances. This home has new windows, new hot water tank and aluminum roof. Extra large Patio offer BBQ and summer activities . Currently Basement suite rent at $1800/ mo", month to month tenancy. French Immersion: Sir Winston Churchill Secondary. GREAT FOR INVESTMENT OR LIVE IN. Listed By: SELMAK REALTY LIMITED
Would have sold for north of $2M in July 2016.
Asking price in July 2016 is meaningless - they were trying to get multiple overask offers and nobody bothered buying.
This is a perfect example of the market still being down 15% from peak. Nice try though.