PRICE DROP - 80R Crescent Road - ROSEDALE
This is a converted coach house.
It has been completely redone and it is now being sold as a 2+1 bedroom, 4 bathroom condo.
It was first listed at $3,495,000.
Unsurprisingly, it didn't sell. The price was dropped to $2,990,000 a month later.
I thought it was still 10-13% overpriced. A reader thought it needed to go down to $1.8-$2.2.
The new price is down 13% to $2,590,000.
Not sure it will go down as low as the reader suggested but I do think it still might be a bit high.
Maybe $2,425,000.