29 Sussex Avenue - UNIVERSITY (2 Comments)
Ummm....
Last summer, less than a year ago, I posted this 4 bedroom, 3 bathroom house on a 25 x 107 foot lot with 3 parking spaces at 29 Sussex Avenue in the University area.
Here is what it looks like in the streetview from the front...
And here it is from the side...
It was listed at $1,580,000.
I wasn't sure if Adam Vaughan ended up getting that heritage distinction he was looking for in February 2014...
But considering this house sold for $2,360,000, I assumed that he hadn't.
Less than a year later, this house is back on the market and according to the reader who sent in the listing...
It's one of the few privately owned properties in the Huron-Sussex neighbourhood. The University of Toronto owns over 85% of the houses, but not this one. 29 Sussex was recently designated a heritage property -- along with 31 and 33 Sussex (collectively known as 'The Three Sisters). It was only owned by 2 families since being built in the 1870s (both owned it for over 50 years) until 2016. At which point, it went through a few sales, but none of the sales closed. Likely this is due to the heritage designation, as the most recent buyer had plans to demolish it.
Well, that may pose a problem especially since the house needs a LOT of work.
As I said, less than a year ago, it sold for $2,260,000.
With no work done to it and 10 months since the last sale...
This house is now listed at $3,900,000.
