Why has this house listed for $800K close to downtown Toronto been on the market for over 60 days?

Location. The house at 580 Lansdowne Ave. is steps away from Lansdowne subway station making it very attractive for a plethora of lifestyles. Along those same lines, many bus routes are within walking distance of the house.

Sporting a large backyard and elementary and high schools only a couple blocks away, this three-bedroom, two-bathroom semi-detached home has the potential of a forever home. “Generally speaking, the reason why these neighbourhoods are as sought after or highly valued is because they’re in proximity to transit,” said Litchmore.

Realtors will often set a low asking price to draw a bidding war, but according to Litchmore that isn’t the case here, the discount for this property comes from the condition of the house.

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