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458 Meadow Avenue, Oshawa
The fallout from the false actual property bubble of 2022 continues to chew actual property speculators, with one dwelling in north Oshawa promoting final week for a large $510,000 loss lower than three years after it was bought.
The house on Meadow Avenue in Oshawa’s booming north finish Kedron neighbourhood bought in March 2021 for $1,053,000 and was flipped 11 months later – with housing costs on the rise following the top of the pandemic – for $1,560,000.
The successful bid – $361,000 over asking – resulted in a tidy revenue of $553,000 for the vendor.
The brand new purchaser, nonetheless, didn’t fare as properly, itemizing the 4-plus 2 bed room, two-storey home for $1,274,990 on November 30, 2023 and dropping the value 3 times late final 12 months earlier than lastly promoting on January 31 for $1,050,000 – a lack of greater than half one million in beneath three years.
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