PRICE DROP #5- 18 Tranby Avenue - ANNEX

Like its neighbour at 12 Tranby Avenue down the street, 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 which to many is very appealling.  

What isn't appealling is the state of this house.  It needs a LOT of work.

It was first listed at $1,695,000 which was way too high since the fully done semi at 26 Tranby took 4 months and 4 price drops to finally sell at $1,555,000.  And sure, that was a semi, but it was DONE.

This house didn't sell and the price was dropped at the end of October to $1,625,000.

I thought it was more of a $1,495,000 house, maybe a little lower.

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

It dropped in February to to $1,588,000.

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

Still no sale and the price was dropped in June to $1,455,000.  That is $50,000 less than I thought it would sell for.

But still no sale and the price has been dropped AGAIN!

This time, the new price is...

$1,428,000.

It's now $67,000 lower than what I thought it would sell for, but it does make the house at 94 Macpherson in Summerhill seem like a steal!