A slender Toronto home with no air conditioning has sold for nearly twice its original asking price following a slew of bids.
There were 28 offers on Monday for the three-bedroom semi-detached at 391 Montrose Ave.
Originally up for sale at $998,000, the house sold for $1,777,777.
The semi-detached at 391 Montrose Ave. has been used as a rental property for the last decade. Photo by Edward Ham via Realtor.ca.
Amanda Rix, a broker with Real Estate Homeward, says the initial price was strategically low, with multiple offers expected.
“We staged it big-time,”says Rix. “We took out old rugs and painted it, put in new light fixtures, a funky accent wall. The final price was definitely crazy high.”
