The Canadian real estate market is hot right now, with demand outpacing supply, but there’s a big price drop in the works as prices fall and interest rates rise.
The house is currently listed for $9,100,000, which is the highest price yet recorded.
The price is up from the previous record of $935,000 set in October.
“The price of the house has been very stable, which means it’s still fairly cheap,” says John Friesen, an agent with Keller Williams.
“It’s just a little bit of a surprise.”
The house was originally purchased in 2001 for $2.5 million, and has since undergone a lot of work to upgrade and expand.
The exterior of the property includes a glass wall, which has been removed.
It now features two large windows, which allows the view of the city from the property’s patio.
There is a large garage with a swimming pool and an expansive outdoor deck.
The owner of the condo bought the property in 2007 for $600,000.
It’s a three-bedroom condo with three bedrooms, two bathrooms, and an entry and elevator that can accommodate up to 10 people.
The property was built in 1929, and the property is now owned by the city of St. John’s.
The listing price is $1,931,100.