Re/Max Hallmark Realty Ltd.
461 Cromwell Ave., Oshawa, Ont.
Asking price: $499,900 (September, 2024)
Selling price: $581,000 (September, 2024)
Taxes: $3,865 (2024)
Days on the market: Nine
Listing agent: Jenelle Cameron, Re/Max Hallmark Realty Ltd.
The action
Some work will be needed to be done on the Oshawa bungalow.Re/Max Hallmark Realty Ltd.
This 61-year-old bungalow in Oshawa, roughly 60 kilometres east of downtown Toronto, needs refurbishing and some mechanical work, but an asking price under $500,000 brought out a throng of first-time buyers and investors. Roughly ten groups stopped by daily and 50 packed two open house events in September.
“It was busy, which I haven’t seen in a long time,” said agent Jenelle Cameron.
“It was very original – it has an oil furnace for example – so that scared some people off.
“But for people who are trying to get into the market and want a detached home, you can’t beat the price in the GTA.”
On the date set aside for considering bids, nine offers were on the table. The winner went $81,100 above the asking price.
“Of the nine offers, one was under asking with a home inspection condition, though I had already provided a prelist home inspection,” Ms. Cameron said.
“The rest were pretty similar within $20,000, which is unusual, because there’s usually more of a discrepancy.”
What they got
The home has a traditional layout with the living room and kitchen separated by the front foyer.Re/Max Hallmark Realty Ltd.
This three-bedroom house has a traditional layout with the front foyer between the living room and eat-in kitchen.
At the end of the hall, one bedroom has an exit to the back deck, private yard and shed on the 40- by 115-foot lot.
Halfway down the stairs to a recreation room, there is a side door to a private driveway.
The agent’s take
The eat-in kitchen in the 61-year-old home.Re/Max Hallmark Realty Ltd.
“It only has one bathroom, and the basement was partially finished,” said Ms. Cameron. “But it was very well maintained and looked cute.
“It’s not a bad location because you’re pretty close to the highway, which is great, and it’s on a typical, Oshawa street.”