921 Adelaide St. W Toronto

This is what a $500k basement apartment looks like in Toronto

Just over 10 years ago this basement apartment at 921 Adelaide St. West sold for $300,000, which for 2010 seems overpriced.

Now it's listed $499,900 and maybe for some it's hard to understand why. If you look at side-by-side pictures of the 2010 apartment and the 2021 apartment literally nothing has changed! Even the paint colour is the same!

921 Adelaide St. W Toronto

The living room has a fireplace. 

Which begs the question is this place really worth $200,000 more?

921 Adelaide St. W Toronto

The kitchen. 

Sure, real estate appreciates but this is a one-bedroom, one-bathroom basement apartment that hasn't had any upgrades in over a decade. If this was a car it would be scrap at this point. 

921 Adelaide St. W Toronto

The living room walks-out to the patio. 

Now that's not to say a basement apartment can't be worth $500,000 – there are definitely nice ones out there – but some might feel this one is a bit dark, dated and on the small side. 

921 Adelaide St. W Toronto

The living room and kitchen are open plan. 

In fact, it's only about 600-square feet. 

921 Adelaide St. W Toronto

The bathroom. 

It does have a patio but it's more like a concrete hole in the ground and the current tenant has built a weird makeshift tarp shelter so I'm not sure if the space even could be nice. 

921 Adelaide St. W Toronto

The parking space. 

The unit also comes with an extra wide parking spot that the listing says could fit two cars and a storage locker. 

921 Adelaide St. W Toronto

A small nook in the hallway. 

The maintenance fees are $612.28 monthly but the building doesn't appear to have any significant amenities to speak of. 

921 Adelaide St. W Toronto

The bedroom. 

Really the only thing going for it is location. It's steps from Trinity Bellwoods and all that West Queen West has to offer.

So I guess what they say is true, it really is all about location, location, location. 

Photos by

The Storey Team Real Estate

Latest Videos

Join the conversation Load comments

Latest in Real Estate

A major movie star is helping design a new Toronto condo tower

These small Ontario townships will literally pay you to come live in them

This entire 12-unit apartment building is listed for $5 million

Someone in Toronto is renting out part of their living room with a curtain for a door

Toronto rent prices are skyrocketing as employers call workers back to the office

Renting an Airbnb in Toronto is now basically as much as a hotel room

This $5 million Toronto home has a huge kitchen right out of the 80s

This $1.2 million Toronto home will need a lot more than TLC