PRICE DROP #2 - 125 Macpherson Avenue - SUMMERHILL

This 2+1 bedroom, 4 bathroom house on an 18.75 x 120 foot lot was first listed in March.

It looks small from the front but it is actually a good sized house (though only 2 bedrooms) with an addition with a wall of windows in the back.

But though it is a great house, it was listed at $2,195,000.

Which was kind of ridiculous especially considering that a 2 bedroom semi at 218 Cottingham Avenue just on the other side of Avenue Road sold for $1,490,000 in June.

So, I wasn't surprised when this house saw a price drop a month later to $2,095,000.

I mentioned in my first post that I could see someone paying $1,655,000 for this house...maybe even $1,750,000.

But NOT $2.2 or even $2.1.

And the price was been dropped again....

To $1,995,000...

Uhhhhm...........over a month ago!!!

Soooo..........we will probably see another price drop soon.