At the beginning of December, I posted this 5 bedroom, 4 bathroom duplex semi with 2 parking spots on a 25.25 x 100.25 foot lot at 659 Dovercourt Road in Dufferin Grove.

It is a house that was listed in 2012 when it was a recent flip of a house that looked like this...

After the flip, it didn't have as much 'character', but for a rental, it was quite good.

In 2012, the first asking price was $1,589,000.  I thought it would sell for $1,399,000...$1,450,000 tops.

After a bunch of price drops, it sold for $1,489,000.

At the beginning of December, it was relisted with no changes and the same listing photos from 2012.  The asking price was $2,350,00.

At an annual 10% increase, the price would be $2,180,000 so I thought it would need a price drop.

At some point since the first listing, it had a price drop...

To $2,250,000.

I think it will still need another drop.

listing