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4307 WILLIAM ST.

ASKING PRICE $1.18-million

SELLING PRICE $1,236,800

DAYS ON MARKET 8

TAXES $4,754

LISTING AGENT James Garbutt, Sutton Group

The Action: The selling price is "remarkable," says listing agent James Garbutt, "considering that 12 months prior it would have sold for about $300,000 less." He says the price has set a record for that area. A newer home on the same street previously sold for $1.8-million.

What They Got: The five-bedroom detached house on a corner lot is in the Willingdon Heights neighbourhood, on a tree-lined street.

The 2,530-square-foot house on a 50-by-122 feet lot is considered a teardown, but it has a new roof and new hot water tank. It's also centrally located – close to a park, community centre, schools, Skytrain and Brentwood Mall.

The Agent's Take: "The home itself is of no value," Mr. Garbutt says. "It would require a significant renovation, but is more likely to be torn down and rebuilt. With land value increasing in this area, I would expect more record sales to take place, and for someone to break the $2-million mark in the near future."

Editor's note: Done Deals contain information gathered from real estate agents, home buyers, home sellers and sale prices that are publicly available from government sources. While we try to publish Done Deals as soon as possible after the transaction has occurred, long closings can cause delays.

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