This horror show of a house in Toronto is listed for only $1
"Please do not attempt to go inside the interior of the property," is not something you typically read on a listing of a house, but that's exactly what the listing for 18 Gifford St. says.
And when you see the pictures, you'll understand why this warning is there – the Cabbagetown house is straight-up creepy.
Built in 1925, this Arts and Craft-style home has been abandoned for the last 20 years, according to the listing.
A radiator precariously hanging off a wall.
So to say it's uninhabitable is an understatement.
Missing floor in one unit.
There's holes in the floor, water damage everywhere, and it also looks like there was a fire at some point.
The remnants of a kitchen.
This baby would need a lot of work to get it back to a liveable state.
A hallway.
And while it probably would be cheaper to completely demolish the home than restore it, 18 Gifford St. is a heritage home and part of the Cabbagetown Heritage Conservation District, so you can't just knock it down.
A room with a very worn out floor.
But, crucially, 18 Gifford St. is not a Heritage Designated Property.
Probably a kitchen and room at one point.
So this means any changes or renovations in the interior are not as restricted as those in properties designated as "Heritage" – a small saving grace.
Peeling floor and warped walls.
Despite all this, realtor Theda Lean notes in the listing that this is still a great investment opportunity.
Missing ceiling.
"[It] is a diamond in the rough waiting to be restored, renovated or transformed to its highest and best possible use."
A bathroom.
The derelict home is a 14-bedroom and eight-bathroom property – so it could easily become a multiplex to be rented out.
The basement.
"With the current housing shortage throughout the City of Toronto and the GTA, getting this property habitable should be welcome by the municipality," writes Lean.
Peeling walls, probably due to water damage.
Not to mention the return on investment and the rental income for this property would be significant.
Missing walls and window frames.
The home is currently being sold "as is, where is" and is listed for just $1.
Another kitchen (probably).
However, this pricing tactic is just to create a bidding war and the home will probably go for over $2 million.
The side of the house with missing and broken windows.
Although, $2 million for a property this size is still a steal...at least in this city where livable homes like this go for closer to $7 million.
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