*UPDATE* REAL ESTATE DOOMSDAYER, GARTH TURNER, LISTS CALEDON FLIP (3 Comments)
This is a 3 bedroom, 3 bathroom house called Belvedere House on an 18 acre lot at 16065 Mississauga Road just south of Belfountain in Caledon.
According to the reader who sent it in, it is the home of Garth Turner, the author behind the real estate doomsday website, Greater Fool.
But I am not sure if it is his main home because according to a 2012 article in Toronto Life when Turner said a housing crash was around the corner...
Turner, you may be surprised to learn, is also a self-professed real estate junkie who over the years has bought and sold—very profitably—about 50 commercial and residential properties; he moved four in 2011 alone.
And considering this house sold around $1.5 and closed in December 2016 only to undergo a large gut and rebuild in 2016 that took 7 months to complete, this is a flip and one more property to add to the 50 properties mentioned in 2012.
For the most part, I like it. I like that they kept a lot of the original features like the floors but I am not loving the columns between the kitchen and the dining room. And maybe if the bathroom vanities were painted white and there was different furniture, I would be into it more.
This place is now listed at $2,499,000.
And according to the reader who sent this in...
Real estate perma-bear tried to make a $1 million profit on real estate he bought last year...
So, maybe not the 'perma-bear' is not so convinced about his own doomsday predictions after all...
At least not for his own properties.
UPDATE: Apparently this property is no longer on the market. Guess he's waiting for the market to go up.
Or it sold. Either way, it's gone from the agent site (but still on MLS so who knows what's going on).
