In December, I posted

this 3 bedroom, 2 bathroom apartment with 1 parking spot at 143 Roxborough Street West in Summerhill.

It was a listing of

an apartment that I had posted in October 2012

when the listing photo looked like this...

In 2012, the asking price was $769,000.  It sold for $775,000.

Then a week later, the neighbour at

141 Roxborough Street West

was listed at $865,000.  It

sold for $845,000.

Then in 2014,

it was back on the market

for $899,000 (though I don't know what it sold for).

And a year later, this condo was back on the market for $895,000.  I thought it might be high given the $1,017.60/month fees.

Then in March, I got an email from a reader who said...

It is a co-op. But, apparently, the board has decided to convert the building to condo. I’m not sure that potential buyers realize the costs involved in this type of conversion - about $25,000 minimum per unit and I think there are 4 units- and that doesn’t include the increase to the monthly fees to build up the required reserve fund.

Is it really worth $895,000 + $25,000 (conversion) + $8,000 (reserve fund) = $928,000 ?

Five days later, the price was dropped to $850,000.

Last week, it finally

sold

...

For $838,000.