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80R Crescent Road - ROSEDALE

Remember this apartment on the third floor of a Rosedale house that was for sale for probably more than a year?

I never posted it because it was kind of boring but it was ridiculously priced at over $1 million (or something like that) and recently sold for either high $7s or low $8s....

What I didn't realize was that this property was actually listed in 2010 for $3,999,000.  And the listing said...

A Rare Opportunity To Create Your Dream Coach House In Prime South Rosedale! Walking Distance To Rosedale Subway **80 Crescent Rd Comprises Of An Extensively Renovated 6,420 . Rosedale Mansion Legal Triplex W/Outstanding Income. Plus Approvals/Building Permits For 3,325 * Coach House To Be Built. This Opportunity Is Likely Never To Be Duplicated Again. **Live In 1 Suite, Rent Out Others, Build Coach House For Yourself, Rent House/Have Family In Mansion****…

Well, looks like someone built that coach house.

The coach house alone is now listed at $3,495,000.

Ummmm......this is a 2 bedroom house.  And even though it was designed by award-winning architect Peter Turner of Turner-Fleischer Architects Inc. and interior designer Connie Braemar...

I have to admit, I am a little underwhelmed.

Actually, at that price a LOT underwhelmed.

It's not that it isn't a great house.  It is but when the pocket door to the kitchen is the most exciting thing in the house, can a $3.5 million price tag be rationalized?

Sure, this is being sold as a condo where maintenance is taken care of with fees of  $750.000/month....

But $3.5 million!?!

If I wanted to live in a 2 bedroom contemporary 'coach house', I would rather live at 5 Miles Place....

For a 17% of the price!

(thanks to S and J for sending this in!)

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