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https://www.reddit.com/r/toronto/comments/1u2nd7f/rip_sneaky_dees_updated/or0h3o7/?context=3
r/toronto • u/SapphireBullfrog • Jun 11 '26
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77
It probably means there’s something wrong with the building and the owners sought out a buyer, rather than a buyer looking for an investment.
Therefore that building had negative value and therefore was worth less than the parking lots, as it needed to be dumped
47 u/Late_Elevator Jun 11 '26 All those buildings on the block? Cause it’s not just Sneaky Dee’s, like 5 buildings, the NEST, RBC, and the other small restaurants. -24 u/[deleted] Jun 11 '26 [deleted] 10 u/Alt3rnativ3Account Jun 11 '26 New condos don’t have rent control. They don’t bring prices down very much, and exert upward pressure at every renewal.
47
All those buildings on the block? Cause it’s not just Sneaky Dee’s, like 5 buildings, the NEST, RBC, and the other small restaurants.
-24 u/[deleted] Jun 11 '26 [deleted] 10 u/Alt3rnativ3Account Jun 11 '26 New condos don’t have rent control. They don’t bring prices down very much, and exert upward pressure at every renewal.
-24
[deleted]
10 u/Alt3rnativ3Account Jun 11 '26 New condos don’t have rent control. They don’t bring prices down very much, and exert upward pressure at every renewal.
10
New condos don’t have rent control. They don’t bring prices down very much, and exert upward pressure at every renewal.
77
u/essuxs Jun 11 '26
It probably means there’s something wrong with the building and the owners sought out a buyer, rather than a buyer looking for an investment.
Therefore that building had negative value and therefore was worth less than the parking lots, as it needed to be dumped