West-end fixer-upper attracts 40 offers and sells for almost $200,000 over asking

$200,000 over asking does not mean $200,000 over the actual value - it is important to know what the last few comparible and recently sold properties sold for in determining what price to offer in a multiple offer situation.

Have a read...  and be sure to check out the comments below the article thats where the hidden gems are:)

http://www.thestar.com/business/real_estate/2013/03/12/junction_triangle_fixerupper_attracts_40_offers_and_sells_for_almost_200000_over_asking.html