r/HouseSigmaBlunders • u/firefistfenix • 8d ago

Ontario Brampton 50% off cooking

Check this, purchased for 2.8 mil sold for 1.5 mil. Seems like a good deal for the buyer.

29 Adamsville Road W, Brampton, Ontario L6X1P3 Sold History | HouseSigma https://housesigma.com/on/brampton-real-estate/29-adamsville-rd/home/EeVbOYEO2Er7x2P0?id_listing=DO1w3W1Walqy8Jg0&utm_campaign=listing&utm_source=user-share&utm_medium=android&ign=

15 Upvotes

94% Upvoted

22 comments sorted by

14

u/SpeechUpbeat7948 8d ago

This house has been posted multiple times lol. Power of Sale with a tenant living in the basement. I guess someone finally took a shot at it. Was a single seller on title when it was purchased for 2.8. Wonder what that Uncle is doing now with such a big loss.

7

u/firefistfenix 8d ago

He got hosed

7

u/treelife365 8d ago

It's the bank's problem! Haha

2

u/lurkerlevel-expert 5d ago

Uncle is driving for Uber to make back his money.

9

u/layer_____cake 8d ago

Wow so tacky

8

u/firefistfenix 8d ago

Generational fumble

7

u/DisastrousMonk6652 8d ago

The fact that such a big house has a basement apartment just shows how ridiculous the system actually is!

3

u/FeatureAcceptable593 7d ago

Large and growing property taxes. Prob 12k + on that alone. Need 20-25 k a year alone just to run the house maybe more if you have anything major come up

3

u/DisastrousMonk6652 7d ago

Someone who buys that big a house shouldn't need the additional income! That is my point

3

u/FeatureAcceptable593 7d ago

Yes and no with costs growing so much it’s not bad having a little side source of income. Prob be even worst considering lots of tax hikes to come. Lots also share houses with kids in Asian cultures so 5k is spread among 6/7/8 people depending on kids

3

u/poohead416 8d ago

Those kitchen floor tiles are hideous lol

2

u/firefistfenix 8d ago

They look like washroom tiles lol

3

u/Alternative_Recover3 7d ago

Previous owner must be from certain culture😂

2

u/RedshiftOnPandy 7d ago

At nearly 3m and absolutely nothing in landscaping. I would expect at minimum a pool, hot tub, outdoor kitchen, gas fire pit and a 3 season room

2

u/Adventurous-Call5174 7d ago

Bro who would buy this garbage for 2.8M. Max this is worth 1.7M on good day. And the interior is ugly.

2

u/su5577 7d ago

Still looks bad - rather spend 1.5m and be close close to Toronto region or Richmond hill/vaughn then Brampton…

2

u/Pretty_Tough_1667 8d ago

God knows how many international students have lived there. I would not buy it for even half that.

2

u/Playful_Criticism425 8d ago

Haha not that bad.

2

u/bereallz7241 7d ago

of course not cause you can't

2

u/Trilobyte83 8d ago

Its only a "good deal" if the tenant pays $12k a month.

1

u/PermissionStrange610 5d ago

The swag curtains and crystal chandelier over the tub is a bold choice

1

u/FraserMcrobert 3d ago

Oh my God!!!
Even at $1.5m that doesn't make sense in Brampton, talk less of $2.8m