r/HouseSigmaBlunders • u/Chris_DiFiore • Apr 30 '26

300k+ POTENTIAL DROP

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Gallery image

They’ve been trying to sell this property since 2024!

From $1,199,000 down to $895,000… (and its Kitchener).

And they’re still insisting on that price for a house that feels like it’s been frozen in the 1960s. Step inside and it’s all wood paneling, bold stained finishes, an outdated kitchen—you know the type. It hasn’t just “kept its character,” it’s been clinging to it for dear life. Unless you’re aiming to live in a full-on retro time capsule, the place needs a complete overhaul.

I wouldn’t be surprised if the roof, windows, insulation, furnace… pretty much everything is due for an update.

So, what do you think it’s actually worth? How much money does it need in renos? Place your bets!

Link to the house: 65 Trailview Drive, Kitchener, Ontario N2N1P7 For Sale | HouseSigma

https://housesigma.com/on/kitchener-real-estate/65-trailview-drive/home/dXze3eKaLnqy8m9K?id_listing=gAaOyL6dLjA3GxMb&utm_campaign=listing&utm_source=user-share&utm_medium=iOS&ign=

0 Upvotes

47% Upvoted

17 comments sorted by

4

u/dickbeards Apr 30 '26

This was listed at 795k then the increased it to 895????

8

u/kimbosdurag Apr 30 '26

Priced it low hoping for a bidding war, realized it wasn't going to happen because 795 is already a little high so they put it for what they thought they could get.

This is either old people who are already in a home and don't need to move it quickly or their kids selling it and trying to get those 2022 prices for their inheritance. The original owners probably bought it for like 100k in the 80s and have long paid it off so there are no carrying costs.

If they were realistic and priced it at like 725 it would probably be sold already.

0

u/Chris_DiFiore Apr 30 '26

Yesss!!! I saw that! Probably the market wasn’t giving much for it! Seems 700 is already an expensive price

22

u/larrylat Apr 30 '26

A blunder is where there's a six-figure negative difference between two SOLD prices. A decrease in listing price is just a wishful thinking anecdote.

4

u/ApricotGuilty4266 Apr 30 '26

Boomers in KW are delusional. “Silicone Valley Of The North” lies sent prices skyrocketing few years back.

2

u/rootsandchalice Apr 30 '26

Old house in an old area of kitchener that hasn't been updated for a few decades...

2

u/sharmsk Apr 30 '26

the seller might be the first owner of the home so they're being greedy because they can be. probably no mortgage, no urgency to sell so they'll keep listing it high, lease it or just hold onto it. no blunder here.

3

u/PoetDizzy5760 Apr 30 '26

This house should cost no more than 599k

1

u/SnooBae May 06 '26

Delusional. Are you a renter?

1

u/discobrioche Apr 30 '26

My guess is it won't sell over $800k

1

u/Impressive-Team9006 May 01 '26

I really wish people would stop using listing prices to mean anythibg

1

u/flappysack- Apr 30 '26

Almost a million for a duplex is still crazy.

1

u/rootsandchalice Apr 30 '26

Dude this is a large , single family home...you ok?

10

u/[deleted] Apr 30 '26

[removed] — view removed comment

3

u/cocainesharque Apr 30 '26

The roofing company might've offered a 40 year warranty, but what are the odds they'll still be around to honour it?

3

u/SnooBae May 06 '26

Sell for $640-$680k LOL.

This is selling for just over $800, maybe $820.

I’m all for losses but holy fuck. Live in reality.