Last week, I posted this 4 bedroom, 5 bathroom house with a detached garage on a 22.24 x 108.75 foot lot at 26 Dingwall Avenue in Riverdale in Toronto.

It was a renovated house that looked like this when it was last listed in 2014…

And I assume they did a full gut.

In 2014, it was listed at $815,000. It sold for $1,062,000.

I mentioned that without a renovation, after 6 years and with a 7% annual compounded increase, this house would now be worth approximately $1,600,000.

The asking price was $1,999,000 and I thought it was a deal.

It sold in 5 days…

For $2,260,000.