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Recently, a bungalow in Brampton has attracted media attention because it sold for just over 400000 when it was sold in 2010. Eleven years later, the price of the bungalow has increased more than sixfold.
Media title: this is what the price of Benton looks like at 2.5 million house.
The address of this bungalow is about 50 kilometers from downtown Toronto. It is an ordinary three-bedroom, two-bath, single-garage bungalow with a listing price of $2490000.
If it were in Toronto, such an appreciation might not be surprising, but the problem is that the house is located in a remote part of Binton.
Of course, the house has its own selling point, that is, it is located on nearly 0.6 acres of land, but buyers have many newer and better houses to choose from at the same price in the market.
The interior design of this house is out of date, and if you want to live here, renovation may be hard work, or choose to rebuild.
In fact, the selling price is not just the price of the house itself.
Sellers have made it clear that this is an opportunity to rebuild-whether it’s a new single-family home or a bigger one.
Or it should be described like this: now there is a very expensive lawn in Binton, and there is an old house on it (which can be torn down and rebuilt).