PRICE DROP #2 - 15 Gregory Avenue - ROSEDALE, TORONTO (2 Comments)
In November, I posted this 4+1 bedroom, 7 bathroom house on a 40 x 125 foot lot with a detached garage at 15 Gregory Avenue in Rosedale.
It was a flip of a house that used to look like this...
And as a flip, it's good. But there were a few issues.
As one reader pointed out, there was a garage but it was built in the only place that would make a reasonable yard. And because the parking was moved, the curb was still there where the new parking was placed...
And the only useable yard was moved to a very busy corner...
Not ideal.
When I posted this house, it had already been on the market for a month which could be due to the annoying garage/no lawn issue.
But it also probably had a lot to do with the price.
This house was initially listed at $5,795,000.
NOT a typo.
Unsurprisingly, a month later, it had a price drop to $4,995,000.
And again, unsurprisingly, it has had another price drop (there may have been another one that I didn't post).
The new price for this house is...
$4,695,000.
Soooo...I guess we should expect another price drop.
