FOR LEASE - 2 Montclair Avenue - FOREST HILL

Another house that didn't sell is now for lease!

This house at 2 Montclair Avenue was originally listed in November 2011.  I posted it at the beginning of December.  When I posted it, it was posted as 4 Montclair because that is what the listing said, for at least a month....It was also a Toronto Life House of the Week as 4 Montclair.

It was listed then for $5,590,000.

It didn't sell so they dropped the price in February to $5,549,000.  Just $41,000 less. That didn't sell the place so they dropped it again at the end of April to $4,790,000.

Now it is for lease.....for $19,500.

For that much money, would you rather lease at 50 Elm in Rosedale or here?  I think the movie theatre in the basement of 50 Elm might be my deciding factor.