The $7.6M Mistake

What happens when you try to cut corners in real estate? The buyers of 1475 Lakeshore Road East in Oakville learned the hard way. They bought this historic home in 2021 for $7.6M — but instead of hiring their own buyer’s agent, they went straight to the listing agent thinking they’d “get a better deal.” What they didn’t realize was the property was heritage designated, which meant major restrictions. In 2024, they tried to flip it for $14M with no success. Out of options, they demolished the home illegally in 2025 — and now they’re facing lawsuits, fines, and public outrage. 👉 The lesson? Skipping proper representation can cost you far more than you think. Always work with a buyer’s agent who has your best interests at heart. If you’re buying or selling in Kitchener-Waterloo and want guidance you can trust, let’s connect. #RealEstate #Oakville #HeritageHomes #RealEstateLessons