This detached home in Toronto listed for $699,900 seemed like a steal. Why did no one bite?

This detached home in Toronto listed for $699,900 seemed like a steal. Why did no one bite?

#GTAHomeHunt is a weekly series from the Star that gets into the details of real estate listings in Toronto and the Greater Toronto Area. Have a tip? Email us at social@torstar.ca Price: $699,900 Neighbourhood: Briar Hill-Belgravia (near Yorkdale Mall) X-factor: This detached 3+2 bedroom home looks to be one of the cheapest listed in Toronto and also has quick access to transit routes, Yorkdale Mall and the Little Jamaica neighbourhood. It’s a place that will likely suit a new, young family with one or two children looking for starting home. If you’re a first-time buyer, you might be wondering, is this a good deal? We brought in our expert, real estate agent Othneil Litchmore, to gain a better understanding of why this property costs what it does. Why is it priced this way: At about 1,300-square-feet, this detached house at 482 Whitmore Ave and is well over 50 years old and is considered a steal for a detached home in Toronto primarily due to its size and location. The property was originally listed for $699,900 and was estimated to go …
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