This 5 bedroom, 5 bathroom house on a 45 x 124.75 foot lot is a great house.

It has been listed since the beginning of October when it was priced at $1,825,000.  It didn't sell and the price was dropped a few weeks later to $1,699,000.  Again it didn't sell and the price was dropped yesterday...

To $1,599,000.

This house could be a move in ready house if this is your style.  I don't love the brick but I could live with it.  I also don't love the colour scheme inside the house.  It reminds me a lot of the brick.  Lots of red and brown and just overall darkness.  Not sure I could live with that.

But some paint, new lights...this place is move in ready for less than $50,000...

Or you can redo the bathrooms and kitchens as well as paint and replace the lights and this house is amazing for $150,000...

Or you can build an extension out the back and have a huge kitchen and family room and large master, redo all the floors, redo all the bathrooms, paint, the list goes on for $750,000 plus....

Bringing you to a house that costs $2,350,000....

Or....

You can buy this place at 226 Forest Hill Road just on the other side of Avenue that looks exactly the same and sits on a similar 50 x 166 foot lot......

And is being sold as a 'development offering'.......

For $5,900,000!!!!

That is NOT a typo,

That is more than DOUBLE what this house could be with a full extension and basically a gut job.

That is nuts.

Speaking of nuts...ummm.....that shirt...

And if you are wondering what I am doing talking about Justin Beiber and his recent goings on....

Blame the kid's wall of posters in the basement.

I think this house is a good opportunity and considering that a similar house at 61 Cheritan in Lytton Park sold for $1,560,000, I think this is the right price, if the proximity to Avenue Road isn't a deterrent.

View Larger Map

listing