PRICE INCREASE - 87 Gloucester Street - CHURCH AND WELLESLEY

Just over 2 years ago, I posted this 3 bedroom, 4 bathroom semi on a 25.04 x 102.12 foot lot at 87 Gloucester Street in the Church and Wellesley neighbourhood in Toronto.

It had last been listed in 2015 when the asking price was $1,395,000 and it sold for $1,280,000 in 2016.

With basically no visible changes, it was back on the market in August 2019 for $3,495,000.

Or an almost 40% compounded annual interest increase!!!!!!

It didn’t sell and the price was dropped in September 2019 to $3,295,000. It was then dropped again in October to $2,950,000.

It didn’t sell and was brought back on the market last week for $3,175,000.

Guess that wasn’t the number they were looking for because this house has had another price increase…

To $3,995,000.