Whether you’re buying, selling, or investing, you’re bound to have real estate questions. We’re more than happy to help—all you have to do is get in touch.
We would love to keep you updated on our team, your community, and the local market. Simply sign up to hear from us (and don’t worry about spam—we’ll never send it your way).
February 2nd, 2024Olea in the News
Globe and Mail Article: Bowmanville townhouse sells in two days, but $19,000 under list
“Everyone was saying, ‘No one is going to pay over $700,000 for this.’ But we felt the value was there,” said Ms. Ravji. “We were willing to hold out for it, and expressed this to the [buyers’] agent.
“They came back with an offer that was reasonable within an hour because they didn’t want to lose the property.”
ROYAL LEPAGE SIGNATURE REALTY
Link to original Globe & Mail Article Below
170 Swindells St., Bowmanville, Ont.
Asking price: $719,000 (November, 2023)
Selling price: $700,000 (November, 2023)
Previous selling price: $282,000 (June, 2014)
Taxes: $3,636 (2022)
Days on the market: Two
Listing agents: Elias Ben Khelifa and Munira Ravji, Royal LePage Signature Realty
The Action
The eat-in kitchen has sliding doors to a covered deck and yard. ROYAL LEPAGE SIGNATURE REALTY
Agent Munira Ravji said she was told by several potential buyers that this freehold townhouse about 80 kilometres east of downtown Toronto wasn’t worth what she was asking, since it was $89,000 more than what another townhouse nearby recently sold for. She and her client disagreed, pointing to their home’s new flooring and central air conditioning, and stuck to their $719,000 price. At the first open house, one bidder came in very low, but improved their offer to $19,000 under the asking price to seal the deal.
“Everyone was saying, ‘No one is going to pay over $700,000 for this.’ But we felt the value was there,” said Ms. Ravji. “We were willing to hold out for it, and expressed this to the [buyers’] agent.
“They came back with an offer that was reasonable within an hour because they didn’t want to lose the property.”
What they got
Entertaining areas are open concept on the main and lower levels. ROYAL LEPAGE SIGNATURE REALTY
This roughly 10-year-old townhouse has a conventional two-storey plan with three bedrooms and three bathrooms, plus a main floor laundry room and interior access to a garage
Entertaining areas are open concept on the main and lower levels, and the eat-in kitchen has sliding doors to a covered deck and yard on the 23- by 118-foot lot.
The Agents take
ROYAL LEPAGE SIGNATURE REALTY
“It is a townhouse, but it’s such a great size,” Ms. Ravji said, “and it looked great after the renovations.”
“[Bowmanville] is a little far out, but it’s accessible to the highway and it’s built in a community where you have all your amenities around the corner, like a Shoppers [Drug Mart] and grocer,” said Ms. Ravji.
“There is a park down the street and multiple schools, so these little pockets are almost made for families.”
Your house is your most valuable asset. We have a weekly Real Estate newsletter to help you stay on top of news on the housing market, mortgages, the latest closings and more. Sign up today.
