SOLD - 4 Wychwood Park - WYCHWOOD PARK, TORONTO
When I first posted this 6+2 bedroom, 5 bathroom house with a detached 2 car garage on a 99 x 173 foot lot at 4 Wychwood Park in the Wychwood Park neighbourhood in Toronto…
It had already been on the market for ages. This is what it looked like…
And this was the price history:
July 2011 $3,495,000
October 2011 $3,295,000
March 2012 $3,495,000
March 2012 $2,899,000
June 2012 $2,690,000
August 2012 $3,400,000
September 2012 $2,850,000
November 2012 $2,850,000
After that and the price drop from June 2013 to $2,650,000, this was the subsequent pricing:
May 2013 $2,650,000
July 2013 $2,495,000
It finally sold in October 2013 for $2,178,571.
Since then, they removed the stucco on the front of the house, changed the cedar roof to a slate roof (I think), and added some columns.
The majority of the interior seems the same except they redid the kitchen, maybe a bathroom, and they removed all the white paint from the wood panelling to bring it back to the original (presumably) dark wood. Otherwise, though there were not a lot of before photos, it seems like not a lot has been changed other than paint.
At a 7% compounded annual increase, with no changes, this house would be worth $3,500,000.
It was listed last week for $5,095,000.
Unlike the last sale that took over 2 years, this house sold in 3 days…
For $5,000,000.
Stripping the paint from the wood panelling must have been REALLY expensive.
UPDATE: As I always welcome corrections on my posts where I have missed something or stated it wrong, I thought I would update this post with some new information I have received.
Apparently, on top of the new kitchen, the new bathroom, and the wainscotting stripping that I mentioned happened since the sale in 2013…
A second staircase was added (why?), a mudroom was added, the 4 fireplaces were also fixed, and the walls of the house were re-plastered.
Oh, and this house sold in 2 days, not 3. I forgot November was only 30 days, not 31.
listing, photos via birdhousemedia.ca