Yonge park plaza . Toronto’s century-old house is listed for two days. Sold at an overbid of 620000. This detached house is located in the Danforth neighborhood with the address of 17 Linnsmore Crescent.
It was listed at an asking price of $1599000 on March 9th and sold at a price of $2219000 two days later. The price exceeds the asking price by $620000.
The detached house has five bedrooms, three bathrooms, an area of about 2000 to 2500 square feet, and is located around the corner.
The house is open, large in space and bright in windows. There is a balcony, a large bedroom and a complete basement unit.
Not only is the price surprisingly high, said Anthony Tomasone, a real estate agent at Zoocasa, but the detached house has also set a record for the price of a century-old house in Toronto this year. This is the only century-old independent house in Toronto that sells for more than 2 million this year.
Tomasone said that in addition to the current high demand in the housing market, there are several important factors contributing to the higher-than-expected price of the house.
First of all, across the street from this property is the subway station (Greenwood Station). Second, two-car garages and two-lane cars are rare in eastern Toronto. The property is located on the street corner, which also means that the property has better lighting.
Also, five-bedroom properties in the area are rare. This property is the only five-bedroom property sold in the area this year.
Average property prices in most areas recently exceeded 1 million for the first time and are expected to continue to rise.
