This Toronto house sold for $1.25 million more than it did in 2008

Aug 24 2021, 11:35 am

One Toronto homeowner just reaped the benefits of a red hot market and sold their house for $1.25 million more than they paid for it in 2008.

Located at 184 Garden Avenue in Toronto’s Roncesvalles neighbourhood, the home hit the market this summer with an asking price of $1,749,000. It sold in just one week for $1,851,000 — $102,000 over asking.

toronto house sold

Keller Williams Portfolio Realty

toronto house sold

Keller Williams Portfolio Realty

With three bedrooms, three bathrooms, and a finished basement with its own entrance, it’s not hard to see why this house fetched such a high price. Not to mention the fact that it’s just a short walk from High Park and an easy commute to downtown.

The home last sold in 2008 for $559,900, which means the sellers made just over $1,250,000 on their investment.

toronto house sold

Keller Williams Portfolio Realty

Keller Williams Portfolio Realty

It wasn’t all profits, though. According to the listing, the home has undergone some recent updates, including a brand new structure at the back that can be used as a garage, workshop, or studio.

toronto house sold

Keller Williams Portfolio Realty

Keller Williams Portfolio Realty

The inside of the mid-century home appears to have been recently renovated, with an open-concept main floor and spacious kitchen. The bedrooms look spacious, and the basement has its own living area with a fireplace and an extra bedroom.

Keller Williams Portfolio Realty

The backyard would definitely be another big draw, with a wooden deck perfect for dining when the weather’s warm and a paved patio below for lounging.

toronto house sold

Keller Williams Portfolio Realty

However you feel about the current state of Toronto real estate, one thing’s for sure: it’s definitely still a seller’s market.

Laura HanrahanLaura Hanrahan

+ Real Estate
+ Toronto Homes
+ Urbanized
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