Loft-like unit forced to drop price alongside other east-end condos

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Existing rental lease with tenants paying comparatively low rate made junior apartment unattractive to investors

The kitchen was outfitted with quartz countertops and stainless-steel appliances.This one-bedroom unit with a Juliet balcony had the sole attention of buyers browsing the popular River City community, but it lost its luster after other units were listed with larger outdoor spaces and smaller price tags.

The unit’s price started at from $575,000 but was cut to $539,000, which brought more visitors but didn’t pull in an offer until it dropped further to $519,900.

 

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Dropped from insanely high to still high.

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