Our sale on McRoberts Ave, Toronto was featured in the Globe and Mail paper on July 23rd. Click here to view the article online, or click here to download it.

DONE DEAL

Price raised on Oshawa home to find agreeable offer

SYDNIA YU

OSHAWA, ONT.

SPECIAL TO THE GLOBE AND MAIL

PUBLISHED AUGUST 22, 2024

2564 Kentucky Derby Way, Oshawa, Ont.

Asking price: $1,079,900 (Mid July, 2024)

Previous asking price: $888,000 (Early July, 2024)

Selling price: $1.05-million (July, 2024)

Previous selling price: $422,256 (November 2016)

Taxes: $6,303 (2024)

Property days on market: 12

Listing agents: Ken and Jaime Ramsay, Harvey Kalles Real Estate Ltd.

The action

This four-bedroom house about 70 kilometres east of downtown Toronto was given a fresh new look for buyers, complete with a newly remodelled kitchen and stylish furnishings. Thirty visitors toured the home and 10 wrote purchase offers, but none were enough to satisfy the owners.

“There were a couple of listings that had been sitting around on the market that hadn’t sold, so our idea was to get a better-looking house at a more aggressive price point to get lots of traffic in and get sold in a reasonable timeline,” said agent Ken Ramsay.

“Although there were 10 offers, it’s not like it was with 10 offers a year and a half ago, where somebody would have jumped up above everyone else and gotten the deal done.”

The sellers decided to raise their asking price from $888,000 to $1,079,900. One of the previous bidders returned to negotiate a deal for $1.05-million.

“Sometimes buyers feel different when they’re not in a pressure cooker environment,” said co-listing agent Jaime Ramsay.

“Once we said, ‘We’re committed to working it out with you,’ it gives us an opportunity to really negotiate.”

What they got

This two-storey house was built eight years ago and has an oak staircase, nine-foot ceilings and crown mouldings in the living and dining rooms.

Across the rear, there is a family room and a breakfast area with access to a deck, patio and shed on the 30-by 100-foot lot.

There are three bathrooms, a built-in garage and an unfinished basement.

The agent’s take

“It’s a very nice, family-friendly area,” said Ms. Ramsay.

“It’s walking distance to a brand-new Costco and restaurants, which in a lot of suburbs, you don’t get within walking distance.”

Click here to view the listing