PRICE DROP #4 - 805 Glenleven Crescent - MISSISSAUGA

This 3+3 bedroom, 3 bathroom house on a 70 x 290.92 foot ravine lot in Mississuaga has been listed for a long time.

It was originally listed at $1,999,900.

I thought it was a good house though I thought it was probably a little overpriced.  But considering that a neighbour that needed a lot of work had just sold for $1,500,000, it was probably not too far off.

It didn't sell and the price was dropped a month later to $1,899,000.  By that point, it had been a Globe and Mail Home of the Week and a Toronto Life House of the Week but I still thought it was overpriced.  And clearly, so did others as it didn't sell.

They dropped the price again in September to $1,799,000.

By this point, I was thinking it would have a better time selling since a house a little farther east at 860 Goodwin Road sold for $1,700,000.

But again, it didn't sell and they dropped the price in November to $1,729,000.

Well, guess what.  It STILL didn't sell.

This is a good house that is completely done (those floors might not be the best though) and it is on a huge lot on a nice street.

So, what is going on?

Today, there is another price drop.

This house is now listed at $1,699,900.

For that price, on this lot, this is a lot of house.  Should be interesting to see what happens here!