was the most profitable resale transaction recorded during the week of May 30 to June 6. The 2,669 sq ft unit sold for $8.88 million on May 31. The seller had purchased the unit from the developer for $3.3 million in April 2004. This means the seller made a profit of $5.58 million, or a 169% capital gain over a holding period of more than 19 years.
The second most profitable resale transaction during the week in review occurred at The Blossomvale, a condo along Dunearn Road in District 21. The three-bedder measuring 1,367 sq ft changed hands for $2.95 million on May 31. The seller, who had purchased the unit in January 2007 for $898,000 , made a gain of $2.05 million after holding the unit for nearly 16½ years. This is the most profitable resale transaction registered at The Blossomvale to date.
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