Minor reno propels Vaughan home to $167,000 over asking sale

Buyer paid 14 per cent more than the list price to outbid eight other parties for this home in Thornhill Woods

The seller made minor renovations to improve the resale potential, which included adding pot lights and repainting the home a light grey.The seller of this three-bedroom house in a newer subdivision in Vaughan made some minor renovations to improve its resale potential.

“It can cost us anywhere from $7,000 to $12,000, but on resale, it can bring in anywhere between $50,000 to $100,000 additional [profit].” “There were another five or six houses on the market and we were the first one to sell,” said Mr. Vilensky. This house was built about 10 years ago with 2,100 square feet of living space, plus a finished basement with access to a patio on a 26-by 85-foot lot.

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