Recently listed for $399,000, this cozy two-bedroom, one-bath detached house near Victoria Park and Danforth in Toronto is ideal for real-estate bargain hunters. While the home has since sold – for $30K above its asking price – take a look inside what may be Toronto’s least-expensive detached house to hit the market in a very long time.
‘First-Time Buyer’s Dream’
The listing for the home, which sold for $430,000, describes it as a “first-time buyer’s dream.”
Related: Do These Canadian Real Estate Markets Favour Buyers or Sellers? The Results Will Surprise You
The tiny home sits on a narrow lot that’s just 22 feet wide and 100 feet deep.
Related: 6 Beautiful Canadian Apartments You’d Never Guess Are Under 350 Square Feet
Cozy and Compact
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.
Related: Did You See the Viral Rap Video Selling a Tiny Toronto House? It’s Still for Sale, Price Raised $25K
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.
Related: Toronto Heritage Home Sells for the First Time in 100 Years
Toronto’s Cheapest Home?
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.
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.
Related: 12 Beautiful Canadian Backyard Escapes Perfect for Fall