37 st paul toronto

This converted garage home in Toronto is listed for $1 million

It was just a few weeks ago when a tiny home was listed for $1 million and sold for $808,000 over asking, and now Toronto’s crazy real estate market has another small offering for a steep listing price.

This home, a two-bedroom "loft" in Corktown is listed for $990,000. The home is billed as “loft style living at ground level in downtown Toronto” and “an artist’s dream come true” but looks to be a converted garage with a functioning, roll-up door.

toronto real estate prices

In fact, one person suggested as much in a comment.

“How is this being called a loft? It’s a garage! And going for close to a million?!?!? Sorry but whaaaaat?!?!” said one person on a Facebook post.

The loft does boast a large, light and airy master bedroom, it is close to schools, TTC and it comes with parking.

37 st paul torontoWhile real estate prices dropped during the pandemic and rent prices also plunged, the market has rebounded and Toronto still ranks with Vancouver as the most expensive place to buy a home in Canada.

37 st paul torontoThe value of this garage-like house could be the fact that it is rare to find this type of home in the city and it is an alternative to condo living.

37 st paul torontoWhatever the case, prospective buyers should move quickly. According to one agent, offers are going in on Monday. He also suggested it will go over asking price.

Photos by

Realtor.ca


Join the conversation Load comments

Latest in Real Estate

There are only 3 Toronto neighbourhoods where the average rent is less than $2K

That time Toronto almost built a towering monument to jeans

This converted church in Ontario is listed for less than an average Toronto condo

Toronto rent prices are still down nearly 15% since this time last year

This is the cheapest detached house you can get in Toronto right now

These are the neighbourhoods in Toronto where townhouse prices are cheapest right now

Toronto's famous Marty Millionaire building is changing hands yet again

This $11 million mansion in Toronto has a piano lounge like a hotel