Mouldy Toronto Home Sells For $650K

Mouldy home? No problem – at least, not for some buyers in Toronto’s crazed real estate market. A home in Scarborough, in the east end of the city, just sold for $650,000, a full $100,100 over the asking price, despite the fact that it was literally riddled with mould.

A Buyer’s Nightmare – Or Not?
Ten years ago, the story would be the stuff of a Hollywood comedy – or maybe even a horror movie – about a hapless but photogenic couple who buy a mouldy home and have to live with the consequences.

In real life, the buyers of the Scarborough property – which we’ll note is a bungalow – couldn’t even access the main floor or basement of the home. The ceiling had caved in, and the basement was a dreadful mess. We don’t know their plans, but wouldn’t be surprised if a bulldozer will be playing a major role.

The listing notes that the property needs “extensive renovations inside and out.” That’s putting it mildly. Still, it found a buyer in the GTA’s over heated market.

Mould And Neglect
We don’t know the scoop on what could have happened here, but it sounds like a case of long term neglect for whatever reason. Lack of maintenance can lead to mould infestation in many ways.

• Mould can grow within 24 to 48 hours wherever moisture lingers.
• A leak in plumbing, especially within a wall where it is not immediately observed, can rsults in ongoing moisture.
• Leaks in the basement, even if the room has been dried out, can cause mould to grow in carpets and other fabrics.
• Leaky windows and doors, or a leaky roof – all of these can result in moisture build-up that does not dry out.

Mould Is No Joke
Once mould has infected your home, the spores can reach your HVAC system, and from there, spread throughout your home. It can cause a variety of symptoms and health issues.

• Persistent nose, throat, and eye irritation;
• Existing asthma worsens;
• Respiratory problems;
• Persistent coughing;
• Even difficulty breathing.

Don’t Take Chances
If you smell the telltale musty odour of mould in your home, let us help. Our experienced and certified mould removal technicians can help keep you and your family safe. In the Toronto area call Environmental at (416) 818-9414. Contact us for a quote today.

Featured in Mike Holmes’ magazine, HGTV’s Income Properties, W Network’s Love It Or List It and chosen by Homestars.com as “Best Toronto Asbestos Removal Company” based on customer ratings and reviews, GreenStream Environmental Services are fully-certified, trusted and insured professionals in the removal and disposal of commercial, industrial, institutional and residential asbestos, vermiculite and mould (hazardous and non-hazardous). Providing emergency service 24/7/365 for all of Toronto and the GTA (North York, Mississauga, Markham, Brampton, Scarborough, Ajax, Oshawa, and beyond) GreenStream has over 40 combined years of experience serving clients such as the City of Toronto, the Toronto District School Board and many more. For a free estimate in Toronto, the GTA and Southern Ontario, call today at 416-818-9414. You’ll be glad you did.