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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.

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There was no way they were getting that price.

By the time I posted it, the price had been dropped to $3,399,000.

Then to in March, the price was down to $3,259,000.  By June, it was down to $2,950,000.

Annnnd then to $2,789,000 in November.

In January, it had another drop and as a reader pointed out, they had finally done something about those 'Interview with a Vampire' railings at the front...

Not all of them, and the interior railings still remained, but it was something.

But the price was still too high.

$2,699,000.

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...

Exactly.

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...

I still think the new asking price is too high.

$2,699,000.

Getting closer though!

P.S.  Is it me or is that nanny's suite TINY!?!?  It might be smaller than the nanny's suite at 17 Berryman Street in Yorkville!

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