PRICE DROP #5 - 52 Heath Street East - DEER PARK
This house has been listed for a while.
It's a 5+2 bedroom, 8 bathroom house on a 29 x 132 foot lot at 52 Heath Street East in Deer Park. I first posted it in January 2014, but it had been on the market since November 2013.
The initial asking price was $3,499,000.
There was no way they were getting that price.
By the time I posted it, the price had been dropped to $3,399,000.
Then to in March, the price was down to $3,259,000. By June, it was down to $2,950,000.
Annnnd then to $2,789,000 in November.
In January, it had another drop and as a reader pointed out, they had finally done something about those 'Interview with a Vampire' railings at the front...
Not all of them, and the interior railings still remained, but it was something.
But the price was still too high.
$2,699,000.
As another reader put it...
unfortunately, they have overbuilt for that block. theoretically, it's a great location on a dead end street across from a public school, but the reality is that the block is a mess of rentals, too close to commercial properties and in a high traffic area that is just too close to St. Clair and Yonge. plus, it's got too much going on in the front...
Exactly.
Even though this has 8 bathrooms (which is still crazy in a house this size!), and the new listing has the floor plans to see how that works...
I still think the new asking price is too high.
$2,699,000.
Getting closer though!
P.S. Is it me or is that nanny's suite TINY!?!? It might be smaller than the nanny's suite at 17 Berryman Street in Yorkville!
