Unfortunately this house if it hit the real estate market tomorrow, it would be somewhere around $ One Million CAD. Pity they don't make homes like this anymore.
Unfortunately, in or near the neighbourhood where Bill lives, when a house like this hits the market, not only does it cost a whack, the first thing the new owners do is tear it down. I call it Elton Park disease, as a play on Dutch Elm disease, when the grand old trees fall once they are struck.
This part of Oakville the houses are by and large left standing, only renovated to death.
Where I live, realistic sized houses on big lots are torn down and replaced with starter mansions. Case in point a split level down the street sold for $800K CAD back in April 2007, got torn down the day after the owners moved out. The chateau in it's place has been on the market for $2.4 Million CAD, I think they are being a little unrealistic. There are a couple of McMansions that have been built on spec and been on the market for six months. It's not that the residential property market is slowing down in Canada in particular Southern Ontario, I think there might be a bit of cool off on the in fill developments at the high end due to greed.
Honestly, I would rather have the house in the photo I took.
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