This tiny home in Toronto is for sale for under $600K
Finding a home at a reasonable price in Toronto is no easy feat.
In February, the average cost to buy any type of home in Toronto was $996,000, with the average price of a detached home in the city climbing to a staggering $1.5 million.
So, whenever a home is listed for under or around $1 million, people take notice — even if it is an old mop factory, half-burnt or totally run-down.
A home listed for sale this week at 19 East Drive is priced at just under $600,000, and although it will likely sell for much more, it is not bad looking inside.
It is a two-bedroom, and as the listing agent, Martin Eckert of Re/Max Professionals Inc., notes that it could be a home for first-time buyers or renovators.
The rooms look to be in need of refreshing. It is also tiny, dwarfed by neighbouring homes.
The living room has nice-looking floors but the flowery wallpaper might not be to everyone's taste.
The upstairs kitchen has a checkered pattern, which has a retro feel to it.
The bedrooms are painted in bright colours but look to be in good shape.
The upstairs bathroom is small and looks cramped.
Downstairs, the kitchen has a 1970s vibe to it with a mustard yellow oven.
The basement is finished with a separate entrance so there is potential, if allowed, for rental income or to split this home with friends.
East Drive is in the Rockcliffe-Smythe area of the city, north of the Junction. It is near the Humber River and parks.
As people consider tiny homes in a volatile housing market, this place could be a good alternative. It comes with a nice backyard, which getting harder to find in a city full of condos.
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