Market swerve calls for change of tactics in Toronto row house sale

Agent Jen Tripp launched this Cabbagetown row house into an active market early this year as many houses in the city were selling for well over asking. To her surprise, no one showed up on the offer date in March. Two days later, she bumped up the nearly $1,449,000 list price to $1.638,000, and almost immediately got a buyer who struck a deal at $48,000 off the revised price.

“Things were either selling in two or three days or they were selling in 30 or 40 days,” Ms. Tripp said.Rolston Ave. provides a quiet, unassuming environment for those living in the row house.This 11-year-old row house has an unconventional three-storey plan with one bedroom at ground level and three more bedrooms on the top floor.

The second level features completely open-concept living, cooking and dining areas with hardwood flooring.HomeLife/Realty One Ltd.“There are about six houses on this little cul-de-sac that runs parallel to Parliament [Street],” Ms. Tripp said.This particular house is unique for its size and layout. “It has four bedrooms, four bathrooms – two of them are ensuites – one-car parking in a garage and one in the driveway,” Ms. Tripp said.

“What’s also unusual is you walk in at ground level and there was a bedroom, but you could easily make it a home office. It also has a gas fireplace and leads out to the backyard.”HomeLife/Realty One Ltd.

Funny how business types always talk about the economy as a 'natural system' but also freak out when it doesn't demonstrate perpetual growth. The only natural system that expresses perpetual growth is tumescent cancer, which eventually kills its host.

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