In a rebounding Toronto real estate market, a home at 186 Wallace Ave. sold for 122 per cent over the listing price.The home sold within just one week and with a whopping six offers on the table, all from a very diverse group of buyers.
Oxley told blogTO there was everything from a couple from Oakville looking to downsize to people in the entertainment industry who were all interested. 186 Wallace Ave. ultimately ended up going to the person in the entertainment industry. But all this is to say, the real estate market is back on an upswing.But even if the real estate market is rebounding, it's not hard to see why there was likely a bidding war over this place.From the outside, it appears to be just another building in the neighbourhood. However, stepping through its doors reveals a world of possibilities.
The third floor offers a loft space with a south-facing terrace, providing a private outdoor oasis with views of the surrounding area.Additionally, a separate lower-level entrance allows for the potential to create a basement apartment, offering an opportunity for additional income.