Listed Under $400K, is This Toronto’s Cheapest House?

The listing for the home, which sold for $430,000, describes it as a “first-time buyer’s dream.”
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The tiny home sits on a narrow lot that’s just 22 feet wide and 100 feet deep.
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The two-bedroom, one-bathroom home has “great potential,” according to the listing, which describes the house as “a rare find.” The cozy living room features a fireplace and hardwood floors and opens to the front door.
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While there’s no room for a dining room, the kitchen – which has undergone a renovation – does allow enough space for a dining table – although having more than two people eating at one time could be a challenge for entertainers.
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Toronto-based realtor Cheri McCann of McCann Realty Group Ltd. felt that pricing the home well below similar homes would be an attention-getting strategy – and proved to be a successful one when the home sold above asking. “It’s the cheapest house in Toronto that we’ve found – unless we’ve missed something,” said McCann.

As you might have expected, the home was sold “as is,” and it’s pretty much a given that the buyer will be sinking a few bucks into it. This bedroom looks like a good place to start.

The home’s other bedroom could likewise use a bit of freshening up; given the home’s selling price, however, spending on a reno would still make the end result an affordable alternative to a condo.
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Unlike the kitchen, the home’s bathroom hasn’t been renovated (although the realtor has confirmed with the owners that “the plumbing works.”)

Perhaps the home’s biggest selling point is its cozy, private backyard, offering ample opportunities to expand the outdoor living space.

A small storage shed sits at the far end of the yard. Viewing the backyard, we can only wonder what kind of amazing ideas Bryan McCourt and Sarah Keenleyside of HGTV Canada’s Backyard Builds would come up with to transform the space.
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