FOR LEASE - 4 Douglas Drive - ROSEDALE, TORONTO
If this is your style, this is a great 4+1 bedroom, 5 bathroom house with a 2 car garage with 2 more parking spots on a 42.08 x 140 foot lot at 4 Douglas Drive in Rosedale in Toronto…
But there is a but with this listing.
In 2017, it was listed at $3,850,000. It sold for $3,800,000. Since then, only from what I can see, it has had some cosmetic changes like some flooring and paint.
So, if this were now priced at a 6% annual compound increase, the price would be about $5,000,000.
It is now on the market but instead of being for sale, this is now for lease.
How are houses priced for lease? Is it a percentage of the value of the house? Is it arbitrary? I don’t know but I would like to because this seems REALLY high.
The asking price per month is…
$30,000.
Not a bad rental though. And it does come with the furniture.
Soooo….
