PRICE DROP #5 - 52 Heath Street East - DEER PARK
This house has been listed for a while.
It's a 5+2 bedroom, 8 bathroom house on a 29 x 132 foot lot at 52 Heath Street East in Deer Park. I first posted it in January 2014, but it had been on the market since November 2013.
The initial asking price was $3,499,000.
There was no way they were getting that price.
By the time I posted it, the price had been dropped to $3,399,000.
Annnnd then to $2,789,000 in November.
Not all of them, and the interior railings still remained, but it was something.
But the price was still too high.
As another reader put it...
unfortunately, they have overbuilt for that block. theoretically, it's a great location on a dead end street across from a public school, but the reality is that the block is a mess of rentals, too close to commercial properties and in a high traffic area that is just too close to St. Clair and Yonge. plus, it's got too much going on in the front...
Even though this has 8 bathrooms (which is still crazy in a house this size!), and the new listing has the floor plans to see how that works...