Humber River ravine home bucks stalled market to sell for $100,000 over asking after quick negotiation

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The successful bidder paid $1.277-million for the Warren Park home, after the first two visitors submitted bids

The two-storey house was built in 1922 and has had numerous modern updates, including a revamped kitchen with tile flooring.This two-bedroom house rests on a 25- by 100-foot lot backing onto the Humber River ravine, a spot the first two visitors to the home were dead set on owning. After some quick negotiations, the bidder that added an extra $100,000 to the asking price won over the sellers.

“With the stalled market, we weren’t quite sure what to expect. Lots of places were sitting, getting terminated and re-listed lower,” said agent Jeanette Grant. “We thought that [$1.177-million] was an attractive enough price point to get some action on it, though one that was listed the next day at a very similar price point just expired after 92 days on the market.”GARETH SKIPPThis two-storey house was built in 1922, and has had numerous modern updates, recently including a new furnace and revamped kitchen with tile flooring.

The open living and dining area has a wood burning fireplace at one end. South-west facing decks are situated outside a rear family room and a primary bedroom upstairs.South-west facing decks are situated outside a rear family room.“Both sets of buyers appreciated the value of the beautiful location with direct access to Etienne Brulé Park, a view of the Humber River, and the fantastic redevelopment potential as a result,” Ms. Grant said.

“It’s a hidden gem of a neighbourhood in Toronto’s west end, highly desirable for young families with kids, dog lovers and those seeking a little solace in nature.”

 

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Let the market crash already.

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