Don Mills home sells for $1.15 million over asking

Fifty years ago, a young couple paid $27,000 for a modest home in Don Mills. That approximately 1,500-square-foot house sold for $2.3 million, more than $1.15 million over the nearly $1.19 list price on Wednesday.

The home on Norden Cres. near Lawrence Ave. East and Don Mills Rd., drew 31 offers following 175 showings over nine days. Two weekend open houses attracted another 75 viewers, said listing agent Sohail Mansoor of Royal Lepage Signature Realty.

“We anticipated it would be busy. We could not have predicted that outcome,” he said on Friday.

“In terms of that neighbourhood, it’s the highest price an older three-bedroom home has sold for. You have new construction properties that have sold for much higher but those are brand new,” said Mansoor.

He had been working with the sellers for the last three months and gives them credit for their “tireless preparation” in selling a home they have occupied since Canada’s Centennial year in 1967.

It was lightly staged and the time spent preparing it for market generated some buzz and made the home appealing to a wider audience, said the agent