‘Power of Sale’ becomes a more frequent sight in the Toronto housing market
No. 45 Park Lane Circle has piqued the interest of prospective buyers in Toronto’s Bridle Path neighbourhood since the striking white bungalow landed on the market in late November with an asking price of $22.8-million.
The listing represents a rare offering in the exclusive enclave because the house renovated in a contemporary California style is being sold under “power of sale,” explains broker Jane Zhang, who represents the lender.
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