Museum House Toronto -- Help me understand the math.
There are currently 2 units for sale at Museum House:
C4043016 facing North is 1942 sqrt feet at 1.8k psf
C4032534 facing South is 2542 sqrt feet at 1.7k psf
South views are substantially better because you get to see the city, North views you see the Annex.
Maintenance is roughly 1.55 psf.
Historical Price sold (according to http://dylandonovan.ca/luxury-condos/museum-house/):
Nov 17 @1.56k psf for South View
May 17 @1.17k psf for North View
June 16 @0.95k psf for South View
If we assume May last year was the peak, doesn't this suggest both listings are grossly overpriced?
Doesn't this suggest a fair price of 1.1k psf for the North facing unit, and maybe 1.3k psf for the South facing unit? Or am I missing something? Or the owners of those units had seriously invested in additional renovations like golden bidets to justify the premium? There isn't a lot of liquidity in these high end units and its hard to compare.
I guess I should look at Four Seasons as well, but there are no large 2bedroom units on the market right now, same with One Bedford.