Buyers touring older housing stock in a neighbourhood mid-redevelopment are comparing two very different products at once, a renovated house ready to occupy and a project house priced for its potential, and the ready home usually draws firmer, faster offers because there is nothing left to estimate.
A move-in-ready home still needs to clear a buyer's own home inspection, typically $400 to $600, and a clean report on updated mechanicals and a permitted kitchen or bathroom renovation keeps that offer intact rather than reopening negotiation after the fact.
The homes that actually sell fastest are the ones priced against recent finished-condition comparables rather than against the block's average, since averaging in the fixer-uppers understates what a truly ready home is worth. Get your hand-reviewed valuation from Joel Dyck.