Toronto is the most happening real estate market in the universe

Why ? Because where else can you find things like this one … ?

North Toronto ‘fixer upper’ gets 72 offers, goes for 195 per cent of asking

Spring real estate market has sprung: House goes for $1.3 million — almost double its $699,000 list price

Boys, this is only a ‘fixer upper’, and for those who are not sure what these two words mean … It means this is a rundown crappy rotten unsafe inhabitable junk that no insurance company will likely want to insure … Okay, simply, it’s not a “home”.

This five-bedroom fixer upper on Glencairn Ave. in the Yonge and Lawrence area attracted a record 72 offers Sunday night and sold for almost double its lowball $699,000 list price.

SUE PIGG / TORONTO STAR 

This five-bedroom fixer upper on Glencairn Ave. in the Yonge and Lawrence area attracted a record 72 offers Sunday night and sold for almost double its lowball $699,000 list price.

As bidding wars go, it was the ultimate battle and a warning for frantic buyers bracing for spring market: A five-bedroom detached house in the Yonge and Lawrence area has sold for almost double its $699,000 list price, with 72 offers.

“We expected in the $1.1 million range, but the market pushed it,” said listing agent Bradley Hutton, who sold the Glencairn Ave. house for $1.366 million, about 195 per cent of list price.

“There are a lot of buyers out there desperate to find a house. It’s definitely a sellers’ market.”

Real estate offices were abuzz with news of the sale Monday, with many realtors highly critical of two things: That the house was underlisted by at least $400,000, and that the winning bidder was one of Hutton’s own clients.

Read more at http://www.thestar.com/

Anyone out want to buy my junk ? Mine is a better junk with an integral garage, I’d let it go for $1.3m even.