Quote:
Originally Posted by WinCitySparky
Can anyone here weigh in on whether that’s a realistic price for its location, as an attractive teardown and redev?
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It's funny - $2.6m doesn't sound like a lot on money when you are potentially looking at redeveloping it into a new high-rise development, especially when you look at all of the knock down mansions on Wellington Crescent that I am sure where purchased for north of 7 figures just to build a new house.
But I know that development finances can be razor thin.