This Toronto house sold in six days for $451,000 over asking (PHOTOS)

After months and months of jaw-dropping real estate prices, one might think that they have to come to an end eventually, but this Toronto house that just sold way over asking says otherwise.

Located at 114 Langford Avenue in the Danforth neighbourhood, the home hit the market earlier this month with an asking price of $1,349,000. After being listed for just six days, the Toronto house sold for a whopping $1,800,000 — that’s $451,000 over asking.

Chestnut Park Real Estate Limited

Chestnut Park Real Estate Limited

For that price, the new owners got themselves a two-and-a-half-storey house with three bedrooms and three bathrooms.

The home’s layout appears to be rather spacious, with a large kitchen and airy living room. And of course there’s also the large backyard with deck, patio, and garage.

Chestnut Park Real Estate Limited

Chestnut Park Real Estate Limited

It’s also important to note that the home’s basement has been converted into a separate apartment with a small kitchen and bedroom, which is great both for personal use or to be rented out as an additional income source.

Chestnut Park Real Estate Limited

• See also:
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  • Canadian home prices to become even less affordable this year
  • Bank of Canada keeping key interest rate at record low 0.25%

Chestnut Park Real Estate Limited

Chestnut Park Real Estate Limited

The home’s sellers bought the house back in 2005 for just $425,700, according to Zolo’s MLS data, which means that the over-asking money alone more than covers the original cost of the house. Talk about a profitable investment!