If you have $8.5 million kicking around with another couple million to do updates and renovations...

Then this house is a great option.

It is a 6 bedroom, 5 bathroom, 6000 square foot house on a 100 x 437 foot lot at 81 Binscarth Road in north Rosedale.

It is located down the street from the Integral House at 194 Roxborough Drive...

That was initially listed at $28,000,000 before the price was dropped 5 months later to $22,900,000.

This house is listed at $8,400,000.

It needs a lot of work (or so it appears as there really are no interior shots)...

But when you consider that the house a few doors over that looked like this in 2009...

When it was listed around $7.5 million and sold for somewhere around $6 million (if memory serves me right) only to have a full renovation to end up looking like this...

Then this doesn't seem like a crazy price.

And it's a LOT cheaper than the ridiculously priced ravine house at 120 Inglewood Drive...

It's not quite as grand, but with a full reno and maybe an addition, this would be an incredible family house.

As the listing says...

The interior is very versatile as it offers many rooms which can accommodate a growing family or a family who has staff. 

So, if you are okay with a reno, the possible noise from the DVP, the price (though it's been listed for at least 6 months so they might take a lower price), and the annual $36,000 property taxes...

Then this is a great option in a private location.

Wonder if they would throw in the 7Up and Coca-Cola signs...

listing