Roncesvalles fixer-upper draws a crowd and a hefty $803,649 sale price
Elderly owner cashes out — big time — on dilapidated home even her realtor warned is ‘not for the faint of heart’.
SUSAN PIGG/TORONTO STAR
This home on Galley Ave. in Roncesvalles sold Wednesday night for $803,649.
Toronto’s red-hot real estate market has turned an elderly homeowner into a wealthy woman — with the simple stroke of a pen.
Her dilapidated Roncesvalles home sold Wednesday night for $803,649 — more than $150,000 over the asking price — after a flurry of more than a dozen offers from contractors and families looking to put down roots in one of Toronto’s most up-and-coming neighbourhoods.
Interest was so intense — and competition so close — for the Galley Ave. home that listing agent Chander Chaddah plotted all the offers on a simple spreadsheet so they would be easier to understand for the owner, who is in her 80s and currently in hospital.
“Whenever you’re selling a home for somebody, it’s a bittersweet experience,” says Chaddah. “I’ve had moms break down in tears as we’re signing an offer because their children were born and grew up in that house.
“You are saying goodbye to a big part of your life.”
The buyer is a contractor who apparently plans to live in the home, which is just steps from Roncesvalles Ave., once the extensive renovations are done.
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Well, why not ?
Any better one is like …
153 Admiral Road – ANNEX