48 Spring Arbour Rd., Vaughan, Ont.
Asking price: $889,000
Selling price: $1,070,000
Previous selling price: $397,000 (2009); $358,330 (2007)
Taxes: $4,699 (2019)
Days on the market: one
Listing agent: Michael Steinman, Forest Hill Real Estate Inc.
Early in the year, it took less than a week to sell most properties around North Thornhill park and community centre, just north of Highway 407. In the case of this semi-detached house, it had nearly three dozen visitors and two pre-emptive bids within 24 hours of its launch on March 10th. The seller quickly accepted a $1.07-million offer, just before the province began its pandemic shutdown.
“I don’t think anyone really had an idea the impact [COVID-19] would have on the market," said agent Michael Steinman. "We had a lot of activity because it showed well and was priced for a bidding war.”
What they got
This two-storey house on a 22- by 98-foot lot is representative of the housing stock built in the subdivision over a decade ago.
It has interior access to the garage, a central kitchen and dining area, and a rear living room with sliding doors to a patio and fenced-in backyard. Another recreation space is in the basement.
There are three bedrooms and four bathrooms, plus a laundry room on the second floor.
The agent’s take
“It’s in Thornhill Woods, close to everything, like public schools, parks and community centre,” Mr. Steinman said.
“[Also, the sellers] recently changed the flooring on the main floor – they put in hardwood and porcelain tile – and we staged it as well, so it showed really well for pictures and when buyers were in there.”
Your house is your most valuable asset. We have a weekly Real Estate newsletter to help you stay on top of news on the housing market, mortgages, the latest closings and more. Sign up today.