Townhouse sellers take less money, but no strings attached

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Toronto Home Sales News

Done Deal,Real Estate,Nodelphi

This house is one of about two dozen townhouses constructed in the early 2000s across from St. Mary’s Parish in Toronto

Negin Javaherimilani/Negin Javaherimilani/DreamOceanThis freehold townhouse differs from the standard housing stock supplied by the numerous mid-rise and high-rise buildings clustered around King and Bathurst streets. It received three offers, but none met the asking price. The best offer came to $1.025-million with no conditions attached.

“We priced it appropriately, so we thought there was a good chance we would get multiple offers, but the market was so unstable,” said agent Mary Jo Vradis.“We had a better offer, but it was conditional, so we took the firm offer that was a lower price because of the instability of the market,” said Ms. Vradis. “The way things are with financing these days, you can’t be sure.

The combined living and dining area has nine-foot ceilings, a gas fireplace and hardwood flooring that extends into a U-shaped kitchen with updated, stainless steel appliances. A skylight and lightwell allow more natural light to reach the top two floors. The largest of three bedrooms also has a private balcony and one of two four-piece bathrooms.The largest of three bedrooms in the townhome has a private balcony and one of two bathrooms in the unit.“It’s a freehold townhome right downtown, which really doesn’t exist,” said Ms. Vradis. “This one’s a good size with three, good-sized bedrooms, and it had its own parking in an attached garage.

Done Deal Real Estate Nodelphi Donedeal

 

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