This house has been listed for almost 2 years and in those 2 years, it has had 9 asking prices.

Here is the pricing history:

July 2011              $3,495,000

October 2011        $3,295,000

March 2012          $3,495,000

March 2012          $2,899,000

June 2012              $2,690,000

August 2012          $3,400,000

September 2012     $2,850,000

November 2012    $2,850,000

It is 8+1 bedrooms, 5 bathrooms and it sits on a 99 x 144 foot lot.  But it needs work.

And though I am a fan of the neighbourhood of Wychwood, Wychwood Park where this house is located gives me the creeps.

This house has clearly been overpriced for a LONG time.  I think it is a $2,275,000 house considering all the work it needs.

The new price is the lowest it has even been but it still isn't low enough.

The new asking price is....

$2,650,000.