301 Russell Hill Road Toronto

Sold! Toronto home goes for almost a million under asking

This home took just over a month to sell and it took a serious cut on the original asking price.

Listed at $6.9 million, it ended up selling for just over $5.9 million. And that's after they listed it earlier this year at $7.4 million. 301 Russell Hill Road Toronto

While $5.9 million is still a lot of money for a house, it's still nowhere near what they wanted.

301 Russell Hill Road TorontoThe home is a pretty standard wealthy-suburban-home. It has big main rooms, a "gourmet" kitchen and a huge family room. 

301 Russell Hill Road TorontoThere are seven bedrooms. Five upstairs and two in the basement, which could be used as a nanny suite or extra guest bedrooms. 

301 Russell Hill Road TorontoThe interior is a bit dated, circa early 2000s, but still nice. 

301 Russell Hill Road TorontoThe backyard has an inground pool and a cabana, which is great for the summer time. 

301 Russell Hill Road TorontoThe only distinguishing feature this home has is the coffered ceilings in the living room. 301 Russell Hill Road Toronto

The Essentials
  • Address: 301 Russell Road
  • Type: House
  • Bedrooms: 7
  • Bathrooms: 7
  • Size: 50 x 173 feet
  • Realtor:  Forest Hill Real Estate Inc.   
  • Hit the market at: $6,895,000
  • Sold for: $5,980,000301 Russell Hill Road Toronto
Why it sold for what it did?

It's a gated seven-bedroom home in an affluent neighbourhood with a pool. It was always going to go for multi-millions, but the fact that it undersold the way it did might be due to the fact that it's just not special enough to be worth almost $7 million. 301 Russell Hill Road Toronto

Was it worth it?

I still don't think it's worth almost $6 million. I'm of the mindset that if a house is going to cost that much, it better be architecturally significant or have something to warrant the price point. This house doesn't really have anything above and beyond. 

Lead photo by

GTA Tours


Join the conversation Load comments

Latest in Real Estate

House of the week: 1 Garnier Court

This Airbnb in Toronto will almost make you forget you’re in the city

Sold! This is what a $4 million condo in Toronto looks like

Condo of the week: 35 Mariner Terrace

It's way harder for single people to buy homes in Toronto than couples

Soaring new Toronto condo building will be the tallest in Canada

Toronto landlords are evicting tenants to move back into their apartments at an alarming rate

Affordability in Toronto is officially at an all-time low