Canadian NHL player relists Toronto penthouse, slashes $800K off asking price
The asking price of a Toronto penthouse suite previously home to a Canadian NHL player has dropped by nearly a million dollars.
The unit, located at 199 Richmond Street West, is the former home of Calgary Flames player Nazem Kadri, a broker at Forest Hill Real Estate confirmed to CTV News Toronto. Kadri previously played with the Toronto Maple Leafs and the Colorado Avalanche – which he won the 2022 Stanley Cup with.
Now, Kadri is trying to sell his Toronto penthouse – for the second time.
199 Richmond Street West penthouse (Forest Hill Real Estate Brokerage)
The home was initially listed in June 2022 for $5.3M, but was taken off the market after more than 100 days without selling. It’s now been re-listed with a $4.5M asking price.
The three-and-a-half bedroom, three-bathroom suite boasts “bespoke detailing worthy of a Stanley Cup champion” with floor-to-ceiling windows.
At just over 3,200 square feet, the suite is described as “dramatically over-sized.”
It also offers a private balcony, a walk-in closet, an espresso bar, and a built-in wine fridge. As far as amenities go, the building has a 24-hour concierge, a pool, sauna and gym, an outdoor jacuzzi, and a media room.
199 Richmond Street West penthouse (Forest Hill Real Estate Brokerage)
TORONTO HOUSE PRICES TO DROP IN 2023: EXPERTS
After a year of consistent interest rate hikes by the Bank of Canada and limited housing stock across the nation, experts say 2023 is set to be a different market story.
Toronto Regional Real Estate Board (TRREB) President Kevin Crigger told CP24 he predicts this year will be a turning point for many who want to engage with the market.
“I think just based on the pace of life and obviously pace of growth in the market, you'll certainly see more activity in 2023,” he said.
“I think the price stability we've found towards the end of 2022 will carry through to 2023. I think rental rates clearly will remain at an elevated pace. And I think if we see an increase in demand as people come back into the market, I think that could provide a favourable direction to prices at some point in the market,” he added.
However, some experts are saying that the market will remain a balanced one heading into 2023.
RE/MAX Realtron Realty Broker Cameron Forbes says the interest rate hikes mixed with rising unemployment due to an economic slowdown will persist in 2023, further levelling out the market.
“For buyers, this includes having fewer competitors, reduced prices, and an increase in choices in the market. Meanwhile, sellers will have a trade-up advantage, reduced competition of listings, a stronger ability to relocate to the suburbs, and have all of the advantages that buyers do, too,” he said in RE/MAX’s Canadian Real Estate Outlook.
Crigger agrees that there are more signs of stability in the marketplace that will carry on into the beginning of the new year.
With files from CP24's Kerrisa Wilson
CTVNews.ca Top Stories
Grandparents killed in wrong-way crash on Hwy. 401 identified
A 60-year-old man and a 55-year-old woman killed in a wrong-way crash on Highway 401 earlier this week have been identified by the Consulate General of India in Toronto.
Police arrest 3 Indian nationals in killing of B.C. Sikh activist Hardeep Singh Nijjar
Three people have been arrested and charged in the killing of B.C. Sikh activist Hardeep Singh Nijjar – as authorities continue investigating potential connections to the Indian government.
Suter scores late goal, clinches series for Canucks
Pius Suter scored with 1:39 left and the Vancouver Canucks advanced to the second round of the NHL playoffs with a 1-0 victory over the Nashville Predators on Friday night in Game 6.
TD worst-case scenario more likely after drug money laundering allegations: analyst
TD Bank Group could be hit with more severe penalties than previously expected, says a banking analyst after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.
Quebec man who threatened Trudeau, Legault online sentenced to 20 months in jail
A Quebec man who pleaded guilty to threatening Prime Minister Justin Trudeau and Premier François Legault has been sentenced to 20 months in jail.
Human remains found in rural Sask. possibly a decade old, RCMP say
RCMP say human remains found in a rural area in central Saskatchewan may have been there for a decade or more.
Britney Spears 'home and safe' after paramedics responded to an incident at the Chateau Marmont, source tells CNN
A source close to singer Britney Spears tells CNN that the pop star is 'home and safe' after she had a 'major fight' with her boyfriend on Wednesday night at the Chateau Marmont in West Hollywood.
Canadian doctor concerned new weight-loss drug Wegovy may be used inappropriately
As Wegovy becomes available to Canadians starting Monday, a medical expert is cautioning patients wanting to use the drug to lose weight that no medication is a ''magic bullet,' and the new medication is meant particularly for people who meet certain criteria related to obesity and weight.
Drew Carey is never quitting 'The Price Is Right'
Drew Carey took over as host of 'The Price Is Right' and hopes he’s there for life. 'I'm not going anywhere,' he told 'Entertainment Tonight' of the job he took over from longtime host Bob Barker in 2007.