the MASH

View Original

116 Glen Road - ROSEDALE (UPDATE)

When I saw the price of this house...

(Press play below)...

I called my friend Johnny and I said to him...

See this content in the original post

This is a 4+1 bedroom, 4 bathroom house on a 24.38 x 15.02 foot lot.

That is NOT a typo.

A 24 x FIFTEEN foot lot*

(*Correction: as per the comment below (thanks! ) it is FIFTEEN metres!  So an irregular 80 x 49 foot lot. Definitely better but still not huge...)

This house was listed in September 2010 for $1,100,000.  It didn't sell so they dropped the price in October 2010 to $995,000.

Someone has been working on it ever since so it must be great inside, right?  From the grainy pictures (UPDATE: better pictures have been included) it looks good but it is listed..........

 For $3,280,000!!!!

Insane.

Here are a few other houses on the market in this neighbourhood that are currently listed for LESS:

1) 46 Nanton is listed at $3,250,000 for 6 bedroom, 5 bathroom house on the 50 x 150 foot lot with a 3 car garage.

2) 90 Chestnut Park is listed at $2,050,000 (more than a MILLION less) for a 4 bedroom, 4 bathroom on a 55 x 67 foot lot with a garage.

(*as per the correction above, this lot is smaller.)

3) 48 Hawthorn is listed at $3,150,000 for a 5+1 bedroom, 5 bathroom on a 50 x 150 foot lot with a pool.

4) 31 Dunbar that never sold but was listed at $2,995,000 for a completely renovated 4 bedroom with a garage and a backyard!

5) 4 May Square is listed at $2,995,000 for a 3+1 bedroom, 4 bathroom on a 26 x 385 foot lot........

It is impossible that they spent $2,300,000 million fixing up this house!!!!!  

The only comparable house I can think of, with a similar size and layout, is the house in Rathnelly at 218 Cottingham that was on the market in May.  

That house was listed at $1,495,000.  It sold for $1,490,000.

This is a $1,600,000 house.  $1,650,000 tops! (UPDATE:  with the new pictures, I would say more like $1,750,000 - $1,800,000.)

Johnny, la gente esta muy loka!!!!!!!!!

See this content in the original post

View Larger Map

listing