266 Douglas Drive - ROSEDALE, TORONTO *UPDATE* (6 Comments)
In November 2012, I posted a 5+1 bedroom, 5 bathroom home on a 62.25 x 235 foot lot at 266 Douglas Drive in Rosedale.
It was a house on a really large lot but the house itself didn’t look that large. But it was very welcoming. Inside, it was a good house but wasn’t exactly my style but with a little work, it could be amazing.
It was listed at $3,200,000. I thought it was about $400,000 over priced. It sold for $3,100,000 but for some reason, the deal fell through and it was back on the market in February 2013 for the original price. Again, it sold for $3,100,000.
And after years of being under renovation, it is now on the market again.
Or maybe she was the designer (see UPDATE below).
Either way, I am pretty sure this is a flip. And it is a beautiful house.
If there had been no renovation, this house at a 10% increase would be worth about $5,500,000. With a 4 year renovation, this house is now listed at…
As I said when it was listed 6 years ago, this house was worth the premium.
But $9 million!?!
And the apparent former owner of the house at 10 Baytree Crescent…