You may have found that, while perusing home listings, some have been listed for just a dollar. Why are some properties listed for so little?
Simply put, a home is listed at just a dollar to try and entice more interest from prospective buyers. This strategy ensures that the property will be seen by house hunters with various budgets. This strategy does occasionally see success – take this property for instance, which ended up selling for over $3,000,000 having been listed for just a dollar.
We took a look at a few properties that were listed for a dollar and sold this year. Check them out below!
1. 60 West 1st Street, Hamilton
Property details:
- 3 beds, 3 baths, 3 parking
- Detached
- Walking score 58/Transit score 55
This beautifully renovated open concept home has a huge living area that flows straight into the spacious kitchen. There are two bedrooms on the main level, with the primary bedroom equipped with its own ensuite with a soaker tub and glass shower. The home sold for just over $800,000.
View the listing and sold price here.
2. 42 East 21st Street, Hamilton
Property details:
- 2 beds, 1 bath, 2 parking
- Detached
- Walking score 61/Transit score 60
This home sold for just over $500,000. Its cozy yet open living and kitchen area give it a homely feel. There are spaces in the home with multiple possibilities for renovation. The wooden deck and fully fenced backyard mean you can entertain guests in the summer months.
View the listing and sold price here.
3. 1801 – 215 Queen Street East, Brampton
Property details:
- 0 beds, 1 bath, 1 parking
- Condo apartment
- Walking score 18/Transit score 55
This large, open concept studio apartment sold for just under $400,000. It has panoramic views of the city from the balcony, and plenty of room inside to set up the perfect home for you. The building is also close to multiple amenities including shops, cafes and restaurants.
View the listing and sold price here.
4. 24 Briarfield Avenue, East Gwillimbury
Property details:
- 3 beds, 3 baths, 3 parking
- Row/Townhouse
- Walking score 1/Transit score N/A
This luxurious and spacious home sold for just under $1,000,000 this month. It has a wonderful open concept layout with plenty of space to utilize and decorate to make it feel like home. It’s located in an excellent community with great schools, parks and stores nearby to make it a great family home.
View the listing and sold price here.
If you’re interested in getting into the real estate market this year, give us a call! Our agents are on hand to help you.
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