As the real estate market in the Greater Toronto Area (GTA) continues to heat up, prospective buyers may be wondering about the current selling prices of homes – specifically, whether they’re going above or below asking prices. In January, the market experienced dynamic shifts, with some homes fetching prices above their listing, while others sold below expectations. Here are three that were below and three that were above their asking price:
Homes That Sold For Under Asking Price:
ph01 – 1 Grandview Ave – Markham
Property details:
- Condo
- 2 beds, 3 baths, 1 parking
- Walking score 89/Transit score 75
This executive penthouse, featuring stunning views and luxurious finishes, recently sold for more than $280,000 under its original asking price. The property features a chef’s kitchen, a versatile den, and generously sized bedrooms with walk-in closets, making it an appealing opportunity for those seeking a turnkey lifestyle in the heart of the GTA.
View the listing and price here.
155 Colonel Danforth Tr – Toronto
Property details:
- Detached
- 3 beds, 2 baths, 4 parking
- Walking score 35/Transit score 60
This exceptional mid-century modern home, the last on an exclusive cul-de-sac, sold for approximately $80,000 below its asking price, presenting a unique opportunity for the new owner. Renovated by an award-winning architect, the property features breathtaking views of Highland Creek, a spa-like primary suite with cathedral ceilings, and a cozy bunkie with heat and electricity.
View the listing and price here.
2059 Kawartha Cres – Mississauga
Property details:
- Detached
- 3 beds, 4 baths, 8 parking
- Walking score 23/Transit score 21
This impeccably remastered executive home in the heart of Mississauga’s cherished neighborhood, designed by David Small, recently changed hands for a remarkable $120,000 below its initial listing price. Boasting a chef-inspired kitchen, a private backyard oasis with a saltwater pool, hot tub, and built-in kitchen, as well as a Muskoka room with soaring ceilings, this residence is an entertainer’s dream.
View the listing and price here.
Homes That Sold For Above Asking Price
163 Kind Edward Ave – Toronto
Property details:
- Detached
- 3 beds, 3 baths, 1 parking
- Walking score 90/Transit score 82
This recently sold East York home, meticulously renovated in 2021, achieved remarkable success by selling for approximately $150,000 above its original listing price. This property exemplifies modern living at its finest with a thoughtfully designed interior featuring a custom black quartz fireplace wall, a designer chef’s kitchen, and upscale finishes.
View the listing and price here.
239 Smallwood Circ – Vaughan
Property details:
- Detached
- 4 beds, 4 baths, 2 parking
- Walking score 89/Transit score 56
This immaculate modern luxury townhome by Wycliffe Homes exceeded expectations, selling for an impressive $170,000 above its asking price. This property epitomizes contemporary elegance and sophistication. With high-end finishes and upgrades throughout, including a Scavolini custom kosher kitchen with premium appliances, oak hardwood floors, and a fully fenced backyard oasis.
View the listing and price here.
106 Lindsey Ave – Toronto
Property details:
- Detached
- 3 beds, 3 baths, 1 parking
- Walking score 98/Transit score 91
This Dufferin Grove home, which recently sold for over $200,000 above its asking price, showcases a stunning modern renovation with wide plank white oak floors and a captivating floating staircase. Flooded with natural light from huge windows and a second-floor skylight, this residence boasts three bedrooms, three bathrooms, a finished basement, and a 1.5-car detached garage accessed via a laneway.
View the listing and price here.
If you’re looking to purchase a home in Toronto this year, give us a call to discuss your goals and start the home-buying process.
