North York house goes for $612,000 over asking after 17 bids

This vacant, five-bedroom house was newly painted and staged, and its location just north of the tony Bridle Path in a popular school district added to the intense buyer interest. An early pre-emptive offer of $2.2-million sparked a raft of counter-bids, ending after 17 offers with the sellers signing off on a deal for $2.61-million. 

“The strategy was to put it on the market before the spring,” said agent Belinda Lelli, because inventories were low in January.

“It was buyer mayhem from the onset,” she said. “I fielded 112 showings and 17 offers.”

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Lawrence Park home sold during shift in market

212 RONAN AVE., TORONTO ASKING PRICE $1.198-million SELLING PRICE $1.198-million PREVIOUS SELLING PRICES $850,000 (2015); $322,000 (2000); $255,000 (1994) TAXES $4,790 (2017) DAYS ON THE MARKET 18 LISTING AGENT Belinda Lelli, Royal LePage Real Estate Services Ltd. The Action: In June, this semi-detached near the Rosedale Golf Club was priced at $1.098-million, which was a tempting number especially in light of the $2-million to $3-million required for detached homes nearby. Two bids crumbled during negotiations, so it was relisted for $1.198-million with a better outcome.

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