Canadian real estate pays you to spend months in your bedroom

About $8.88 million more than the average Canadian home sale price per square foot. That’s the price paid for this three-bedroom, three-bathroom house in suburban Toronto. The all-new residence, on a 10,010-square-foot lot, boasts…

Canadian real estate pays you to spend months in your bedroom

About $8.88 million more than the average Canadian home sale price per square foot. That’s the price paid for this three-bedroom, three-bathroom house in suburban Toronto.

The all-new residence, on a 10,010-square-foot lot, boasts four fireplaces and an interior that includes a grand foyer, dining room, kitchen, and entertaining areas with a fully-integrated entertainment center.

One of three people who put down cash and bought this property bought the two-storey Toronto-area house for $1.826 million.

Marketing documents show the home includes three parking spaces and a pool.

Property records show this house sold at the end of the month for $1.826 million.The sale makes the listing agency Penningtons one of the top 20 residential real estate agents in Canada.

About $8.88 million more than the average Canadian home sale price per square foot. That’s the price paid for this house in suburban Toronto.

The big-ticket seller was a man who put down cash, using a mortgage, and bought the two-storey house for $1.826 million, with two parking spaces, selling it to two Canadians within weeks of each other.

The all-new residence, on a 15,580-square-foot lot, boasts four fireplaces and an interior that includes a grand foyer, dining room, kitchen, and entertaining areas with a fully-integrated entertainment center.

What’s this house worth?

There were nearly 2,700 sales of $500,000 or more in the Greater Toronto Area in May 2018, worth an estimated $175 million, according to data from the Toronto Real Estate Board.

This is the most expensive house sale of the year in the country so far. Its seller paid a price equivalent to about 10 times the average price of homes sold that month.

The broker who sold the property didn’t specify the name of the home buyer. —

$1.8 million

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