This Toronto home just slashed $3 million off its asking price
If you don't obsessively pay attention to what's happening to Toronto's real estate market can you even call yourself a Torontonian?
In the GTA as a whole, prices have fallen 11 per cent since February – a trend that 46 Teddington Park Avenue has been part of.
Back in September 2021, this five bedroom, nine bathroom luxury home was listed for $15,880,000.
It sat on the market for a year, slowly dropping its price from almost $16 million to $14,980,000.
And then in Sepetember 2022 it was relisted for just $12,995,000.
Not that nearly $13 million is a steal for a house, but that's almost a $3 million price-drop in one year.
You could buy another entire house and then some for that discount.
And this home is still likely to go for well below listing price.
HouseSigma, a website that runs on artificial intelligence technology and estimates home values, puts this home at $11,870,931.
But with that in mind, who ever buys this house definitely won't have to deal with FOOP (fear of overpaying).
This home is, as the listing says, "perfection."
The interior is elegant and timeless with bright, open and airy spaces. There's a clear attention to detail in the craftsmanship.
The home also includes $1 million of custom furniture and decor, according to the listing.
That brings the whole idea of move-in ready to another level.
And as aesthetically pleasing as the home is, the luxury amenities the home has are beyond spectacular.
For example, 46 Teddington Park Avenue has its own wellness centre.
It includes in-ceiling air circulation fans featuring Hepa & Activated carbon air filters, as well as a dual sauna with infrared and Finnish options, both hot and cold plunge pools and a salt therapy massage room.
There's also a 14-seat home theatre, perfect for movie marathons and Raptors games, a wine cellar, pet spa, gym, walk-in fridge and more.
As realtor Penny Brown and Nigel Denham point out, this home offers "unmatched luxury and scale at this price point, plus the furnishings as a bonus."
In other words, it doesn't get better than this.
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