181 Crescent Road - ROSEDALE, TORONTO — the MASH

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Aug 24

Aug 24 181 Crescent Road - ROSEDALE, TORONTO

A few years ago, I posted this 6+1 bedroom, 7 bathroom house on a 50 x 254.90 foot lot at 181 Crescent Road in south Rosedale in Toronto.

It was a house that had looked like this 2 years earlier…

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The asking price then was initially $3,395,000 but it ended up selling for $2,550,000 after 4 months on the market.

It was then flipped and was back on the market in 2016 for $5,875,000. It didn’t sell and the price was dropped to $5,295,000 4 months later. It eventually sold for $5,200,000.

Five years later and with the only change that I can see is the addition of a fully landscaped backyard with a pool and hot tub please correct me if I am wrong), this house came back on the market a week ago for…

$10,880,000.

Which is more the DOUBLE what it sold for 5 years ago.

And is an annual compounded interest increase of 15% from the 2016 sale price.

So….

That is one expensive backyard.

P.S. Click here for the walk through.

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listing, photos via houssmax.com

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