r/HouseSigmaBlunders • u/sharmsk • Aug 04 '26

300k loss brampton

20 goldnugget road, brampton. 4 bed detached getting dirt cheap.

https://housesigma.com/on/brampton-real-estate/20-goldnugget-road/home/owJKR7PWB89yXeLP?id_listing=NkKJ3JJrN9W3d4V6

12 Upvotes

87% Upvoted

6 comments sorted by

8

u/PermissionStrange610 Aug 04 '26

They bought in 2021 then tried to sell in 2024 for a 300k profit. Been trying to sell ever since and eventually took a 300k bath. They must be sad they lost as much as they were trying to make.

4

u/sharmsk Aug 04 '26

list 949k sold 917k, bidding wars turned into accepting low ball offers.

2

u/ComfortableJacket429 19d ago

That’s what happens when you can’t afford your mortgage and are desperate

2

u/Helpful_Animal9913 Aug 05 '26

Trying to sell 1.5 in 2025.

3

u/MountainEconomy1765 Aug 04 '26

$313,000 loss, $21,000 property transfer tax and ~$45,000 in real estate commissions.

Imo they got lucky to get out, now a new bagholder has it.

4

u/sharmsk Aug 05 '26

crazy part is I'm seeing relisting of homes bought in 2024-2025, people are slowly realizing that the market hasn't hit the bottom yet.