As the Toronto real estate market benefits from an influx of new listings, buyers are gaining greater negotiating power. This shift has led to several properties experiencing drops in their original listing prices. Here are six properties across the GTA that have recently adjusted their asking prices.
323 Cannon St E, Hamilton
Property Details:
- 3 bedrooms, 3 bathrooms
- Detached
- Walk score 94/Transit score 70
This beautiful investment potential was originally listed for nearly $590,000 and has seen almost $90,000 in price difference from the last listing. It’s perfect for those who hate driving in the city, as it has great walk and transit scores.
View it on Zoocasa here
115 Abner Miles Dr, Vaughan
Property Details:
- 5 bedrooms, 7 bathrooms
- Detached
- Walk Score 26/Transit Score 39
Originally listed for just shy of three million, this property has since seen a roughly $70,000 price reduction since its initial listing. At 5000 square feet, everything about this home boasts luxury and comfort.
View it on Zoocasa here
2594 Castlegate Cross, Pickering
- 3 bedrooms, 4 bathrooms
- Townhouse
- Walk Score 26/Transit Score 33
Located in Pickering, this townhouse is less than a year old but has already had over $50,000 dropped off the price. In the heart of the Pickering district, this jewel is a rare find just moments from the city’s historical sites, banks, restaurants, grocery stores, retail malls, and many other amenities.
View it on Zoocasa here
3 George Mckenzie Ct, Toronto
- 4 bedrooms, 5 bathrooms
- Detached
- Walk Score 49/Transit Score 63
This 2023 home was previously listed for over $1,880,000, but its price has since been reduced by nearly $100,000. This custom-built house is perfect for large families with great schools, parks, and transit options close by.
View it on Zoocasa here
16 Dairymaid Rd, Brampton
- 5 bedrooms, 7 bathrooms
- 3000-3500 sqft
- Walk Score 35/Transit Score 39
Previously listed for close to two million, this Brampton luxury house in the Clearview Estates has been reduced by roughly $60,000.
View it on Zoocasa here
5458 Tasha Dr, Mississauga
- 3 bedrooms, 4 bathrooms
- Detached
- Walk Score 52/Transit Score 42
This Mississauga family home has seen a $200,000 reduction in price since it was listed last year. The 3000 square foot home has recently seen over $250k worth of renovations, including a new, granite kitchen and finished basement.
View it on Zoocasa here
Want to see more reduced-price properties? Give us a call today! One of the experienced agents at Zoocasa will be more than happy to help you through the exciting home-buying process!
