In September, I posted this 4 bedroom, 5 bathroom house with a 1 car garage on a 24.92 x 118.5 foot lot at 171 Willow Avenue in the Beaches in Toronto.

It was a house I had posted many times in the past when it was a 2 bedroom, 2 bathroom house on a 24.92 x 118.5 foot lot. The first time was in 2014 when it looked like this…

When I first posted it in 2014, it was listed at $779,000 and sold for $790,000. I thought it would be torn down but it wasn’t and 2 years later, it was back on the market for $979,000. It ultimately sold for $1,060,000.

It wasn’t torn down but it was rebuilt with a third storey added and the whole thing basically gutted but the shell. And for the most part, I liked it.

The asking price was $2,890,000.

Which was a BIG increase from what they bought it for so how much could this have cost to build!?! $1,250,000? That seemed like a lot.

Looks like I wasn’t the only person who thought so as this house still hasn’t sold and just had a price drop.

The new price for this house is $2,399,999.

That’s a good drop.