PRICE DROP #4 - 15 Gregory Avenue - ROSEDALE, TORONTO
Three years ago, 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 when it was for sale in 2015…
They clearly did a lot of work and it was done well with the attention to detail like the copper roof, the copper eaves, and the new leaded glass windows that all look like originals. The inside also showed well with modern white oak, the kitchen is huge with lots of storage, each bedroom has it's own bathroom, and there is a new garage with heated floors.
But, why did they remove that covered parking pad at the corner and make that the patio while the area that had the most privacy and space became a garage?
It was listed at $1,695,000 and sold for $1,675,000 before the reno.
After the reno and 2 years later, the house came on the market but it sat for a month before I posted it. And why, if it was a good reno (minus the garage) would it still be on the market?
Well….
Maybe it’s because this place was listed at…
$5,795,000!!!!
It didn’t sell and by December, the price was dropped to $4,995,000.
This was going to take a while.
It was dropped again in February to $4,695,000. By June, it was down to $3,998,000. It was a big drop but still…
Not going to happen.
And it didn’t so it was leased 2 months later for $13,000.
Almost 2 years later, the flipped and renovated house located kitty-corner to this house at 58 Whitehall Road came on the market for $4,195,000…
I preferred that house to this house but the yard was kind of not finished and though, it was 4 bedrooms, it didn’t seem very big.
After a price drop to $3,995,000, it eventually sold for $3,700,000.
Three months after that sale and about a month ago, this house came back on the market for $3,950,000.
It was re-listed a few days ago for the same price. Maybe it should have been another price drop.
