PRICE DROP #2 - 42 Delaware Avenue - DUFFERIN GROVE

I first posted this 7 bedroom (for some reason I had it as 4), 4 bathroom house on a 45 x 137 foot lot at 42 Delaware Avenue in January 2013.

It is currently set up as a triplex.

It is a beautiful old house that looks similar to the house I posted yesterday at 55 St. Andrews Gardens in Rosedale and the house at 171 Indian Road in Roncesvalles (that someone pointed out looks a lot like St. Andrews).

55 St. Andrews was a move in house though could also use some work and 171 Indian Road was a gutter.

They sold for $1,915,000 and $1,243,000 respectively.

When I first posted this tired/run down triplex at 42 Delaware, it was listed at $1,950,000.

I thought it was a beautiful house with tons of potential but that it was overpriced.  I thought perhaps $1,450,000...maybe $1,550,000 was a better price.

A year later, I think it should be closer to $1,625,000.

Which is why it was confusing that the raised the price when the brought it back on the market in the fall after not selling.

The new price was $2,250,000.

It didn't sell.

The price was dropped in March to $2,150,000.

Still didn't sell and the price has been dropped again...

To the original price of $1,950,000.

Still too high.

listing