A recent transaction at 14 Foundry Ave. serves as a compelling case study for today’s first-time buyers in Toronto. The three-bedroom, 1,050-square-foot stacked townhouse recently sold for $900,000, a figure that sits $55,250 below the price the sellers paid for the unit in early 2022.
This sale underscores a broader trend in the GTA, where buyers are increasingly pivoting toward townhomes and condos as freehold options near the $1-million mark often require significant capital for renovations. With monthly fees of $487, the property offered an attractive alternative for buyers priced out of traditional detached homes in the High Park area. The deal, facilitated by Royal LePage Terrequity Realty, highlights the importance of strategic negotiation in a fluctuating market. For a deeper look at the property details and the full story behind this transaction, read the original report at The Globe and Mail.
Source: Read the original article
