Even junk home in Toronto “junkie” neigborhood is worth $800K

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.

Amazing …

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Well, why not ?