85-offer bidding war comes to an end with Mississauga house sold
CTV
A three-bedroom house in Mississauga sold for just under $1 million on Monday after receiving 85 offers.
A three-bedroom house in Mississauga sold for just under $1 million on Monday after receiving 85 offers.
“It’s wild. It’s certainly not what we expected,” Justin Bregman, founder of Justin Bregman and Associates, told CTV News Toronto on Wednesday.
The semi-detached two storey house at 3479 Longleaf Crt. was listed for $749,000 and sold for $999,999. As the listing agent, Bregman acknowledged the house was purposely listed low, close to the price it sold for in 2017.
According to Bregman’s estimate, the three-bedroom house sold seven to 10 per cent above a market value of approximately $930,000.
Channing Prater, representing the lucky young couple, first-time buyers who won the bid, said his clients had been on the hunt for three weeks.
“The property being listed at $749,000, I set my clients up for the expectation that obviously that wasn't the price it was going to go for,” he said.
