PRICE INCREASE #2 - 42 Delaware Avenue - DUFFERIN GROVE
Two years ago, I posted this 7 bedroom, 4 bathroom hosue on a 45 x 137 foot lot at 42 Delaware Avenue in Dufferin Grove.
Between the green paint on the porch and dormer, and the weird finial...
The first thing that came to mind was...
The Wicked Witch of the West.
But other than that crystal ball, the rest of the house was more like a dated bed and breakfast in Key West, Florida.
And it was in fact a bed and breakfast called Ashleigh Heritage Home and you can see the reviews on Trip Advisor.
There was losts of potential to make it a huge family home or good sized duplexes...
But I thought the $1,950,000 asking price would be a tough sell.
Considering the move-in ready house at 250 Rusholme Road had sold for $2.250,000 8 months prior...
I thought this would sell for $1,450,000...maybe $1,550,000. It just needed too much work.
It didn't sell and 10 months later, it was listed at $2,250,000.
Again it didn't sell.
In March, it was dropped to $2,150,000. By April, it was listed again, but this time at a price drop to $1,950,000.
I still thought it was too high.
But.....
Like the house at 544 Palmerston Boulevard that recently sold for $1,775,000...
With the 10% increase over 2 years...
I could see this house selling now for around $1.8.
So, even though the listing now points out that the house at 176 Crescent Road in South Rosedale (which is overpriced at $5.2 ) is a 'sister' house...
I don't think that makes this house worth the new asking price of...
$2,350,000!!!
This will have another drop.
