Market downturn crimps offers for Whitby townhouse

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Durham Region townhouse a victim of the real estate downturn

This three-bedroom townhouse in Whitby’s Brooklin neighbourhood, about 60 kilometres east of Toronto, was listed for $889,000 early this spring, but got only a handful of offers, all deemed insufficient by the seller. After the Victoria Day weekend, negotiations with one bidder ended with an accepted offer of $830,000.

“We did have multiple offers, but the offers were not as desirable as they were in the peak of the market in January and February,” agent Tara Dickson said. “And offers were more conditional now than they were before.”This 12-year-old townhouse has a traditional two-storey plan with a street-level entrance and a built-in garage.

The main-floor living and dining area opens onto the kitchen with doors to an outside deck. Upstairs, the largest bedroom contains a walk-in closet and one of the home’s three bathrooms.The property is freehold, but a monthly maintenance fee of $160 covers water supply and snow removal.“Tempo Way backs onto a ravine, so they’re secluded in that specific area, which makes it a very unique location,” Ms. Dickson said.“It’s not as up-to-date [as other homes],” Ms.

 

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