Staging and ‘aggressive’, $898,000 asking price attracts seven bids for home near Jane and Finch intersection
Marco Pezzelli and Belinda Lelli, Royal LePage Real Estate Services Ltd.This three-bedroom bungalow sits in a neighbourhood of similar, mostly 1960s era bungalows in the area west of York University. To help it stand out, the house was staged and priced under $900,000. The strategy succeeded in attracting about 200 visitors between two open house events.
“The other [houses for sale in the area] priced at $1.05-million or $1.1-million, they weren’t doing open houses. They didn’t stage, they didn’t advertise. So they were just sitting there on the market.” “This is an incredible story that speaks to the need for affordable housing for many new Canadians that seek a home to accommodate two families or multi-generational accommodations,” Ms. Lelli said.
The long-time owners had renovated bathrooms on both levels, and added a secondary kitchen downstairs.
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