Cielo condos . It soared by 22% in one year. The Toronto real estate boom has become so obsessive that a shabby garage with no bedroom, bathroom or kitchen to the east of the city center recently bid 729,000 yuan.
The property, located at 951B Greenwood Avenue in the Danforth Village area, recently entered the market and is said to be “conveniently accessible with subways, schools, shops and other amenities nearby”.
The site itself is located in the Greenwood and Coxwell areas, with a width of about 20 feet and a depth of about 100 feet, with parking spaces. From the photo, you can see a small garage built between two houses. You can see a parking space in front of the garage and some trees and plants at the back of the garage.
The property attracted people’s attention when it entered the market at a price of nearly 600000 yuan in 2019.
Since the first listing of the property, it seems that no renovation or renewal has been completed, but the price has risen by nearly 130000 yuan.
The Toronto real estate department (Toronto Real Estate Board) said in January that the average price of home sales hit a new record last year, with home sales up 8.4 per cent compared with 2019.
The real estate bureau said that after the COVID-19 epidemic abated sharply in the spring, the market began to take off in the second half of the year.