Quote:
Originally Posted by markbarbera
Maybe five years ago! Stinson prices have skyrocketed lately. You would be hard pressed to get a home in the area for less than 180K now.There's been a flurry of activity in the neighbourhood with houses being listed and sold in short time. Five houses were listed in my neighbourhood (Stinson) in June ranging in price from 199Kto 260K. All but one are now sold - the 199K home sold within a week of its listing. The only one from the June listings still up for grabs has a 239K asking price...
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Wow. I had no clue. My friend's rents sold their Webber St hse probably just over 3yrs ago now for only $130,000 -- I was just going off that.
I know there are some much bigger homes in Stinson that can be a lil more expensive, but I think the only thing holding this hood back is the rediculous amount of Community Homes. Stinson + St Clair must have the highest Community/Halfway House to regular residential ratio in the city.
I knew two people that bought houses on Grant Ave YEARS ago (prolly mid-late 90's) and sold them about 1.5 years ago. They made enough return to move to buy a condo downtown Toronto (Church/Wellesly area).
Stinson is definately a good investment if you want a great return... however, it can be a seedy neighbourhood at times (and for the love of God, don't shop at it's No Frills hahahaha)