Multiple offers for Richmond Hill home
TORONTO (GTA)
22 Cygnus Dr., Richmond Hill, Ont.
Asking price: $1,799,000 (August, 2023)
Selling price: $2,150,000 (August, 2023)
Taxes: $8,159 (2023)
Days on the market: Four
Listing agent: Bill Thom, Re/Max Realtron Realty Inc.
Source: The Globe and Mail, November 27, 2023
A colleague had generated multiple offers for a property near Richmond Hill’s David Dunlop Observatory this summer, so agent Bill Thom thought he stood a good chance of replicating the feat with this four-bedroom house nearby. With the home priced artificially low, several offers immediately came in and a final deal was quickly reached.
“In Observatory Hill at the time, for this price range and for this condition, there was nothing [available],” said Mr. Thom. “It was a unique window in August.
“There was a sale down the street about a month prior for around $2.1-million, and we sold ours a little bit higher. We were just following in their footsteps, knowing theirs sold in multiple offers, so there would be a few buyers around.”
This two-storey house was built in 1984 by Wycliffe Homes. It has 3,075 square feet of living space, an attached double garage and several exits to the back patio.
There is a formal dining room and a living room with cathedral ceilings, as well as recreation areas with fireplaces on the main and lower levels.
The eat-in kitchen and five bathrooms have all been renovated.
“[Observatory Hill] is for people who don’t want to have the loudness of Bayview Hill – where the lots and the houses tend to be bigger. [It’s] a very well-built home, but on a smaller scale and for a smaller price,” Mr. Thom said.
“The original owner also maintained and updated a lot of things.”
The 53- by 120-foot lot had been beautified with a pond and gardens. “The landscaping was quite elaborate,” Mr. Thom said.
For mortgage, please call 416-618-9312 Mortgage Broker Maurice Kwok from Sherwood Mortgage Group (FSRA Lic.#12176) and visit https://1mortgagebroker.ca or https://reversemortgage123.ca
