Sellers take a $140,000 hit on house bought at the peak of the market

The eat-in kitchen has walkout access to a hot tub and patio in the backyard.The owner of this five-bedroom house bought it for $2.64-million in 2021, but their plans changed in the following year, so they put it back on the market at a slight markup of $2.69-million in January. One buyer came through with an offer, but at a steep discount – $140,000 less than what the seller had paid.

“For a Kingsway house that’s detached, you’re looking at around $2-million just for dirt, so the fact this was a larger, five-bedroom house with ample parking, at $2.5-million, it represented good value for someone looking to move up from a smaller detached or semi-detached home.”The house has 2,539 square feet of living space, including a large family room on the main floor.This two-storey house was built over 100 years ago but has been modernized and expanded by successive owners.

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Sellers take a $190,000 hit on house bought at the peak of the marketFive-bedroom house in Etobicoke has 2,539 square feet of living space Be nice if you didn’t paywall every fucking article you guys post. Wouldn't one large roof top dormer have been more cost effective and space efficient or are they all fake and simply an architect's nightmare?
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