Toronto house sells in two days for $620,000 over asking (PHOTOS)

In case you weren’t convinced that the price of homes in Toronto is skyrocketing, then look no further than this Toronto house that just sold for a jaw-dropping $620,000 over asking.

The house, located at 17 Linnsmore Crescent in the Danforth neighbourhood, was listed on March 9 for $1,599,000. It sold just two days later for a whopping $2,219,000.

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Courtesy of Zoocasa

It’s a five-bedroom, three-bathroom home that spans roughly 2,000 to 2,500 sq ft and sits on a corner lot.

The home itself is open, spacious, and bright, with tons of windows letting light stream in. It also has a balcony, large bedrooms, and a finished basement apartment, all of which would certainly make it attractive to potential buyers.

Courtesy of Zoocasa

Not only was the price shocking because of how high over the asking price it was, Zoocasa agent Anthony Tomasone says that the house set a record this year for century home sales in Toronto.

“It’s the only century home to sell for over $2 million this year,” Tomasone told Daily Hive.

Courtesy of Zoocasa

The reason for the higher than expected sale price, Tomasone says, comes down to a few important factors that extend beyond the overall high demand that the real estate market is currently experiencing.

“For example, the property’s location right across the street from Greenwood Station is a huge plus to most buyers,” Tomasone said. “Apart from location, a double garage and two driveway spots are hard to come by in the east end of Toronto. Additionally, the fact that it is on a corner lot means the property gets lots of sunshine and natural light.”

Courtesy of Zoocasa

Courtesy of Zoocasa

Tomasone also noted that five-bedroom properties are quite rare for the area, and this is the only five-bedroom to have sold there this year.

See also:
- What a $1 million Toronto home looks like compared to other cities
- The GTA is in a “housing affordability crisis” and there’s no relief in sight

Courtesy of Zoocasa

Courtesy of Zoocasa

The average price of homes in the GTA recently surpassed $1 million for the first time ever and is expected to keep going up. And with homes like this continuing to sell well over the asking price, we can only imagine just how high it will get.