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PRICE DROP #? - 360 Walmer Road - CASA LOMA

PRICE DROP #? - 360 Walmer Road - CASA LOMA

When I first posted this 4+1 bedroom, 5 bathroom house on a 25 x 174.75 foot lot at 360 Walmer Road in the Casa Loma neighbourhood in December 2012....

I said I didn't get it.

There was no living room or dining room.

Just this...

Sure, there was a basement family room, but this was it for entertaining on the first floor.

It was listed at $3,249,000.  

Uhhh.....Sure.

It didn't sell and the price was dropped in February 2013 to $2,999,000.  By March, it was down to $2,899,000.  By the beginning of April, it was down to $2,699,000.  Then at the end of April, it was down to $2,599,000.

Ummm...hello!?!

The dining room table is the kitchen island!!!!  This is not selling anywhere near this price.

So...in May, it was dropped to $2,499,000.  Then in August, it went down to $2,495,000.

This past January, the house was relisted.  This time, the price was $2,895,000.

Really!?!

Now, the house is on the market AGAIN!  And the listing says...

Attention: ""New"" 22 Foot Family Room Addition Off The Kitchen.

Okay, this is so crazy that they had to add an addition to a new build to sell it....

But does this mean they added a dining table (and did this happen in January?)!?!?!?!

Here are the pictures of the 'new' addition...

There is a dining room table!!!!!!!

That makes a BIG difference.

Just not sure it will help with the new $2,788,000 price.

I think we will see another price drop.  

P.S. Maybe they should add a 'new' addition to the other Grey House at 355 Briar Hill Road.  Just a thought.

170 Markham Street - LITTLE ITALY

170 Markham Street - LITTLE ITALY

17 Ottawa Street - SUMMERHILL

17 Ottawa Street - SUMMERHILL