It seems like a Hamilton home owner has gone where few have gone before. Someone just sold their house for $100 000 over the asking price.
A home on Grant Avenue was up for sale, the owner asking $199 900 for it and she got a lot more than she bargained for, selling it to a local buyer for $300 000.
The house was built in 1908 and needs a lot of work done on it, but it was on the market for just 1 week. There was a total of 9 offers some local, some out of town.
The average price of a home in this area is $270 000, making the sale of this home a new benchmark for the neighbourhood. The seller’s agent, Rob Golfi, says the home didn’t have anything special to it, other than the fact it has character.
While it was assumed the buyer would want to buy the home and flip it, Golfi says he was told the buyer isn’t looking to do that, but rather move into it and renovate. He also says this is the highest over-ask the City of Hamilton has ever seen and that there are a number of factors that may have contributed to it, including the amount of immigrants moving into Southern Ontario and buyers from the GTA looking to purchase in a hot market.