PRICE DROP #4 - 18 Tranby Avenue - ANNEX

This house has been listed since September 2012.

It is a 5 bedroom, 3 bathroom house on a 25 x 77.8 foot lot just steps to Avenue Road.

Problem is, it needs work, it has no parking, the lot isn't very big, and once fixed up, you will lose at least one bedroom.

The first asking price was $1,695,000.

Considering that the fully done 4 bedroom semi down the street at 26 Tranby that took 4 months and 4 price drops to finally sell at $1,555,000, I thought this place was overpriced.

It didn't sell so the price was dropped at the end of October to $1,625,000.

Though I thought this place had a lot of potential when I posted it in December, I thought it was more of a $1,495,000 house.  Maybe a bit lower.

I suspected a price drop to $1,579,000 in the new year.

It dropped to $1,588,000 at the begining of February.

Again, it didn't sell and the price was dropped in April to $1,518,000.

Still no sale and as of today the price has been dropped again.

The new price is $1,445,000.

That's $50,000 LESS than I thought it could have sold for.

This will be interesting!