In Toronto’s hot housing market, how did this midtown condo sell for $420,000?

  • 📰 TorontoStar
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 55%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

In the city’s competitive housing market, this condo that touts itself as “affordable living in a premium community” in midtown Toronto has recently sold for $420,000.

, they may be unappealing to investors looking to park their money in a unit and sell for a significant profit in a few years as they don’t appreciate at the same rate as non-co-op properties, Nodell says.

Walking into this property, you’re met by a narrow hallway leading to the bathroom and a 115-square-foot bedroom to the right. To the left sits a large open living area spacious enough for a large couch, a coffee table and two chairs, and room to spare. The seller, a young professional, bought the property for $350,000 in early 2020, landing them $70,000 in profit in just two years from holding onto the property. Likely, the seller paid less on monthly mortgage payments than he would on rent, Nodell said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 60. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What a farce. That is smaller than a 2 car garage. Someone was not thinking to waste their money on something so small.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Burger King parent company to pull out of Russia after franchisee refused request to close restaurantsToronto-based Restaurant Brands International Inc. detailed its plans for the market, which included planning to sell its 15-per-cent stake in the business there Bravo Restaurant Brands(QSR). And thus was born, Burger Plutocrat Trump's dad should have pulled out....
Source: globeandmail - 🏆 5. / 92 Read more »