$102,100 premium gets home on a popular west Toronto street
108 PALMERSTON AVE., TORONTO
ASKING PRICE $699,900
SELLING PRICE $802,000
PREVIOUS SELLING PRICE $187,700 (1995)
TAXES $4,128 (2013)
DAYS ON THE MARKET Seven
LISTING AGENT Kimmé Myles, Royal LePage Real Estate Services Ltd., Johnston and Daniel Division
The Action: Last fall, when homes were hard to come by on this popular downtown street, buyers fought over ones like this detached dwelling. Strategic pricing under $700,000 brought 150 parties through the doors between mid-week showings and weekend open houses. Six would-be buyers presented offers, including one $102,100 over the list price.
Luxury real estate market on fire with double-digit gains
RE/MAX also pointed to the growing number of millionaires in Canada, up 6.5 per cent to 298,000 people in 2012 compared to a year earlier, citing the CapGemini report.
These days, what they call luxury are mostly fixer-upper detached homes in downtown area … Many are in fact once one notorious pockets such as the vicinity of the places like Regent Park.
- Demand for luxury homes still strong in Canada, real estate company says
- Vancouver Real Estate Shows Thriving Luxury Market
And this … $800K plus …
SOLD – 145 Galley Avenue – RONCENSVALLES
These days, luxury real estate looks like this …