These three Toronto homes are the latest on the market with major price drops

A year ago, the thought of waiting for a price drop on your dream house was laughable. But now, with a slower market, that could be your reality. These three homes are the pinnacle of GTA living, from a sustainable parkside haven to a sunlit city residence, and they all were seriously discounted. It’s a buyer’s market, take advantage but tread wisely.

Designer digs in the Annex

Price drop on 750 Crawford St

Although 750 Crawford St. was originally listed at $3.989 million in October, it has since been reduced by $400,000 to $3.589 million. Listed with Sutton Group – Associates Realty, this architectural beauty won’t be available for long.

Marble mansion in Thornhill

8 Cavlier Cres. price drop 8 Cavalier Cres. price drop

There’s nothing quite like the house at 8 Cavalier Cres. Although the indoor-outdoor saltwater swimming pool complete with a Jacuzzi might be the main event of the property, there’s plenty more to enjoy — including a four-level elevator, two-storey foyer, marble flooring and a movie theatre room. Although the home is now listed with Forest Hill Real Estate Inc. for $6.99 million, in February, it was listed for $7.95 million, marking a $960,000 price drop.

Four levels of love in Summerhill

26 Summerhill Ave. price drop 26 Summerhill Ave. price drop 26 Summerhill Ave. price drop

The four-bedroom, four-bathroom home at 26 Summerhill Ave. was relisted with Chestnut Park Real Estate for $2.895 million, a $355,000 price drop from its original listing price of $3.25 million in September. Now, it’s just sold for $2.83 million – a whopping $420,000 price drop!