PRICE INCREASE #3 - 42 Delaware Avenue - DUFFERIN GROVE
This is a 4+2 bedroom, 4 bathroom house on a 45 x 137 foot lot at 42 Delaware Avenue in Dufferin Grove.
I first posted it in January 2013.
It was a B&B called Ashleigh Heritage Home that didn't exactly have good reviews on TripAdvisor.ca.
Here is one of the rooms...
So, unless you wanted to keep it a bed and breakfast, it would need a lot of work.
It was listed at $1,950,000. At the time, I thought it would sell for $1,450,000...maybe $1,550,000.
It never sold and the price was increased to $2,250,000 in October 2013.
In March 2014, it came back on the market at a price drop to $2,150,000 and then another drop to $1,950,000 in April 2014.
Sure, as the listing then pointed out, this house was the sister house of the one at 176 Crescent Road in Rosedale...
That eventually sold for $4,530,000 in June 2015...
But that price was still too high.
Considering that the house at 544 Palmerston Boulevard...
Had recently sold for $1,775,000...
And taking a 10% increase into account, I was thinking by this point that the house would go for around $1.8 million.
It never sold.
A few weeks ago, the price was increased again...
To $2,850,000.
Sure, the house at 330 Palmerston Avenue just sold for $2,330,330...
But in this location and for the amount of work it needs...
