Staggering $1.142 million
This 1926 home features hardwood floors, a large renovated kitchen, a bright two-bedroom basement suite, a white picket fence and a tree swing.

Amazing but (apparently) true stories from The Bubble That Ate VanTown.

We’re not making this up. Nobody can make this up.
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What a million buys…

This 1926 home features hardwood floors, a large renovated kitchen, a bright two-bedroom basement suite, a white picket fence and a tree swing.

Sure, the yard is small, the view out the back is of a giant condo complex, the bedrooms are tiny – the master is only slightly more than 100 square feet – and it is just half a block off one of the city’s busiest thoroughfares. But those shortcomings were quickly forgiven by the dozens of prospective buyers who streamed through the first open house saying, “Honey, I love it” while trying to imagine life without closets.

Think you’d be interested? Too late.

Five days after that open house, seven agents lined up to make their offers. The asking price was $959,000, but because of the competition, the bidding war pushed the price higher. Only two bids came in at less than $1 million. In the end, the home sold for a staggering $1.142 million – more than $180,000 over the original price tag. Read more...
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