Toronto area home sells for $400,000 over asking price

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The Toronto real estate market is bonkers. It keeps getting hotter as prices, especially prices on single-family detached houses, continue to rise.

A house this weekend, for instance, sold for more than $400,000 over asking and it wasn't even located in Toronto proper.

The 2,670 square-foot home in Vaughan, at 10 Hinda Lane near Dufferin and Steeles, was priced low at $699,900, reports the Toronto Star today. About 800 people visited the open house last weekend and around 50 made offers.

It sold for $1.1 million in original condition, free of renovations since about 1984. Though as the Star notes, the owners did replace the furnace.

Wow.

Lead photo by

Realtor

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