The eat-in kitchen has been revamped with stainless steel appliances and hardwood floors.In April, this four-level, back split was listed for $1.3-million, which was roughly the amount the neighbouring house sold for at the peak of the market. But with interest rates rising – along with local housing inventory – buyers weren’t biting. The sellers dropped the asking price several times before settling at in July. An offer of $970,000 was accepted in August.
“But we didn’t consider offers in the low- or mid-$900,000s because this house was fully done. There were no major issues.” “The buyers wanted to come down on price because they would have to spend extra money to get the layout back to what it was before,” Mr. Chowdhry said.What they gotThe roof, windows and major mechanical systems have been recently upgraded, and the eat-in kitchen has been revamped with stainless steel appliances and hardwood floors.