This is a renovated bungalow siting on a 50-foot frontage lot. It is located in Thornhill at Yonge Street/Steeles Ave. East. Exterior has been updated with a stucco finish. Interior has been substantially renovated with new hardwood floors, granite kitchen, new 4 piece bathroom. -Please Click here for a full set of interior photos-
This is a great property to live in now and build later. Many bungalows in the area have been torn down by builders to build custom homes. The asking price is $350,000 and has been on the market for 1 month. As a comparison, for the past two years the lowest price a bungalow has sold on this street was $357,000 with no renovations.
If you are looking for an investment, this is a great chance buy this property and rent it out while you sit back and let it appreciate in the coming years. Land in North York is getting scarcer so sooner or later, development will move north of Steeles.
When the market was high, were you thinking how come I did not buy when it was low? Well it is the time to buy now, because prices are low. If you wait and try to find the bottom, you may miss everything. For the past couple of years, real estate has been a good short-term investment but that has changed now. You have to get yourself into a good position now and hold real estate as a long term investment.
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