Toronto Property Drops $400K in Price Amid Spring Market Surge

As the Greater Toronto Area enters the busy spring real estate season, buyers may find opportunities in unexpected places. While national home prices are forecast to rise by 4.7% in 2025, according to the Canadian Real Estate Association, some homes are seeing significant price cuts—including one Toronto property now listed for over $400,000 less than before.

$400K Discount for Home in Lytton Park

Among the most notable markdowns this March is a four-bedroom, two-bathroom home at 153 Rosewell Avenue in the Lytton Park area. Once listed at $1,995,000, the home has been relisted at $1,589,000, according to Zoocasa.com.

The home features:

• An updated kitchen with modern finishes
• Hardwood floors throughout
• Renovated bathrooms
• A flexible recreation room
• Prime location near Yonge Street and Avenue Roa

The listing from Harvey Kalles Real Estate describes the home as a “rare opportunity” in one of Toronto’s most sought-after neighbourhoods.

Other GTA Properties with Recent Price Drops

Zoocasa also highlighted several other homes across the GTA that were relisted this March with large discounts:

• 39 Ypres Rd., York
  Original Price: $1,299,000 → New Price: $999,800 (Sold)
  
• 36-208 Niagara St., Toronto (Condo)
  Original Price: $1,299,000 → New Price: $999,999
  • Features: 3 beds, 2 baths, private rooftop terrace
    
• 20 Concorde Dr., Brampton
  Original Price: $1,849,000 → New Price: $1,749,000
  • 6 beds, 4 baths, over 4,600 sq. ft., backyard retreat
    
• 3025 Ballard Dr., Mississauga
  Original Price: $1,149,000 → New Price: $1,099,999
  • 4 beds, 2 baths on a premium corner lot
    
• 5 Folcroft St., Brampton
  Original Price: $1,149,999 → New Price: $999,999
  • 4 beds, 3 baths with modern upgrades
    
• 702 Emerson Ave., Oshawa
  Original Price: $749,900 → New Price: $699,900
  • 5 beds, 2 baths, finished basement
    
• 9 Millmere Dr., Scarborough
  Original Price: $1,319,000 → New Price: $999,800
  • 6 beds, 3 baths, with two rental suites
    
• 11 Calypso Ave., Minesing (north of Barrie)
  Original Price: $1,199,000 → New Price: $999,800
  • 4 beds, 4 baths in a custom-built home
    
• 1708-32 Davenport Rd., Toronto (Condo)
  Original Price: $1,049,000 → New Price: $998,000
  • 1 bed, 2 baths, city views, 800+ sq. ft.
    

Spring Could Be the Right Time for Buyers

While many expect prices to rise through the spring and summer, this round of markdowns shows there are still windows of opportunity for buyers. With homes seeing six-figure discounts, watching relisted properties could be a smart strategy for those waiting to enter the market.

More…

• https://www.toronto.com/news/rare-opportunity-this-toronto-home-dropped-in-price-by-more-than-400-000-in-march/article_f4451f2f-efa5-5462-b076-66a7bfe5f1b2.html
• https://www.realtor.ca/real-estate/28071278/153-rosewell-avenue-toronto-lawrence-park-south-lawrence-park-south
• https://www.overheretoronto.com/landmark-4m-riverdale-mansion-hits-toronto-market