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.

listing