This Toronto house just sold for $507K over asking (PHOTOS)

Aug 10 2021, 2:01 pm

The real estate market is still on a hot streak, and after receiving multiple offers, this Toronto house just sold for a whopping $507,000 over asking.

Located at 801 Ossington Avenue in the Christie Pits neighbourhood, the four-bedroom, two-bathroom home hit the market earlier this month with an asking price of $998,000. It sold just three days later for $1,505,000.

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toronto house sold over asking

Guiding Matters Media

Listing agent Gus Skarlatakis of Crescent Real Estate says he was extremely happy with how well the home did.

“It was truly a fantastic result for the sellers,” Skarlatakis told Daily Hive. “We don’t always do this well on a sale, but everything came together quite nicely with the preparation, staging, marketing, and execution.”

toronto house sold over asking

Guiding Matters Media

Guiding Matters Media

The sale price was also in-part thanks to renovations undertaken by the seller before it hit the market.

“Back in late spring, I evaluated the market value of the property to be in the $1.25 to $1.3M range, as is,” Skarlatakis said. “The sellers then undertook advised renovations to the property, costing around $40K, which took its market value into the $1.3 to $1.35m range.”

Guiding Matters Media

toronto house sold over asking

Guiding Matters Media

For the $1.5 million price tag, the new owners are getting a 2.5-storey semi-detached home totalling 2,768 sq ft. Although it’s set up as a single-family home right now, according to the listing, it could easily be converted into a multi-family property.

toronto house sold over asking

Guiding Matters Media

And being in the Christie Pitts neighbourhood, the home has close access to Bloor Street, the Ossington subway station, and, of course, Christie Pits Park.

Laura HanrahanLaura Hanrahan

+ Real Estate
+ Urbanized
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