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This Toronto home sold for $1 million over asking

The living room has a gas fireplace. (Royal LePage/BizzImage)

Toronto home sells for $1 million over asking price

It’s no secret that the real estate market in Toronto is out of control, but this latest ‘sold over asking’ case is shocking nonetheless.

A three bedroom, three-and-a-half bathroom townhouse on Davenport Rd. in Toronto recently sold for $1 million over its asking price.

Originally listed at a very respectable $1,995,000, the home sat on the market for one week before selling for $3 million.

According to blogTO, the fully finished home with roomy bedrooms and bathrooms is a bit of a rarity in Toronto’s current market, especially since it’s also a relatively new home, built in 2000. But for an attached home with limited outdoor space, the price tag is still somewhat surprising.

Click through to see more of the $3 million townhome.