PRICE DROP - 28 Dunbar Road - ROSEDALE
This isn't much of a surprise.
Yesterday, I was going to post this house that has been on the market since at least September. I was about to post it wondering when a price drop was going to happen until I got distracted by the private island in Vancouver...
I wanted to post this house because it is a beautiful, old south Rosedale Victorian home on a 45 x 143 foot lot with a detached 2 car garage.
Buuuuuut....
It only has 3 bedrooms (well, actually, it's 3+1 bedrooms with 4 bathrooms)...
And the asking price was $5,998,000.
$6 million dollars for a 3 bedroom house!?!
Yeah, no.
Turns out, the price was dropped yesterday, right in time for the new year.
And the new asking price is...
$5,495,000.
That's a good drop. But this is still only a 3 bedroom house.
And at that price, in this location, it is probably a family house so that isn't enough bedrooms. Plus, the person paying that much for a house probably doesn't want an open concept on the first floor. If it's possible to close off the family room and kitchen to the dining room and living room, I think that would help.
But it is still only 3 bedrooms. Granted, the master is amazing...but it's not enough bedrooms.
And though the kitchen is beautiful, is it a $6 million dollar kitchen? I don't think so.
So, umm....
Yeah...this is going to need another drop or 2.
Then again...
The house at 10 Hawthorn Avenue that I thought was waaaay overpriced at $5,398,000...
And was relisted at $5,500,000 a year and a half later did sell for $5,325,000.
Buuuut....it was a 5+2 bedroom house.
Not a 3 bedroom house. Did I mention 3 bedrooms probably isn't enough bedrooms for a $5.5 million house?
