$1 listing price
Well, here's a novelty near us: Not an auction, but simply a listing price of $1. (Initially, $0, but I suppose the Real Estate Board insisted on a price.)
3 Sunflower Court, Markham, Ontario
The house has been sitting unheated for four years and stripped of cabinetry and fixtures in anticipation of a teardown for a new build. Recent sales are in the C$2.6m-C$3.2m range.
(The agent is, or acts for, the owner, so it's not a matter of anyone taking advantage of an uninformed vendor.)
The Building Permit and plans are included. Variances and approvals typically take 2.5-3 years here.
Front elevation of approved build by an architect who typically charges C$125,000-C$150,000++.
Though underpricing in a hot real estate market is common, this seems a bit much. (But if it works, I know our listing price!)
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5 years ago- 5 years ago
- 5 years agolast modified: 5 years ago
Guess it was a version of a "Hail Mary."
This week he took down the house next door and has posted permits etc. on the listed one.
"Last words? You're next, Bub!"
******
Both homes had been one-owner since their completion in 1964. Those were the days, eh?
- 5 years ago
5 years ago- 5 years ago
JJ