This is a 6 bedroom, 3 bathroom semi on a 34.5 x 129 foot lot with a 2 car garage and 2 parking spots at 391 Markham Street in Palmerston.

And it's priced for a bidding war.

It's listed at $1,499,000.

Seems reasonable for a semi that could use a new kitchen, some new wallpaper and paint, and some new carpets....

And maybe even a full renovation.

But when you consider that this much smaller 5 bedroom, 2 bathroom semi on a 20 x 125 foot corner lot with 1 parking spot at 531 Markham Street that was listed at $899,000...

And just sold for $1,215,000....

Or that this house is across the street from a similar semi at

392 Markham Street

...

That was also a large, 5+1 bedroom, 3 bathroom semi like this one (but on a smaller 23.67 x 125 foot lot).

And that house sold 13% over the $1,590,000 ask at 

$1,800,000 a year ago

...

And when you consider that this is a large house with just a reno, but with a big enough lot to do a large family room/master bedroom extension on the back and side...

Ummmmm....

Yeah.

Bidding War.

And probably closer to $1.9

listing