toronto rental beaches

Toronto homeowner charging $1,300 to live on their couch for a few weeks

In today's episode of completely bananas Toronto apartment listings, someone has not only attempted, but actually succeeded in renting out what appears to be their living room, kitchen, and bathroom for the staggeringly-high price of $1,300.

And here's the real kicker: the tenant doesn't even get a full month of couch surfing for that price.

Listed as a 0-bedroom, 1 bathroom apartment, the "unit" is described as "a quaint and cozy bachelor apartment located in the heart of The Beaches, just minutes from the lake. Has a small bathroom with tub and shower and a small kitchen with new appliances. Includes a convenient murphy bed and desk for working."

While the unit does come with included perks like utilities and internet access, the resident will hardly have any time to get settled, as the rental period only covers July 4-29.

toronto rental beaches

That comes out to about $52 per day. Granted, that's a lot cheaper than a hotel or a short-term rental, but it's still pretty unbelievable to see what is essentially a glorified couch-surfing situation advertised as such a steal of a deal.

At least one comment replying to the Facebook listing agrees that this is not such a bad deal, stating that "even if you rented an Airbnb in The Beaches it would be over $100/night."

Still, others aren't as easily convinced, with one jokingly asking, "is the furniture covered in gold? If not I pay only $600." Another said, "oof this smells of Toronto hard."

It may seem like a perfect representation of how ridiculous the rental market has become in this city, but when you crunch the numbers, this questionable-looking rental opportunity actually comes out well below the daily average cost of a rental unit in Toronto.

A citywide average rent of $2,139 was recorded in April, which comes out to a much steeper daily cost of $69 when spread across a 31-day month. Granted, the average unit is not a 0-bedroom that is really just someone's couch, bathroom, and kitchen.

Toronto-wide averages may look a bit inflated, but when you break down the numbers in other east end markets, you'll find much lower average rents like $1,812 in East York and $1,726 in Scarborough.

These would equal daily rents of $58.45 and $55.67, a whole lot closer to the $52 per day charged for this "unit."

Lead photo by

Jeff Johnson


Latest Videos



Join the conversation Load comments

Latest in Real Estate

House prices are falling the fastest in these parts of Toronto and the GTA

This $9 million Toronto mansion looks like it should be some country's embassy

The Toronto penthouse Harvey Specter lived in on Suits is on sale for $5 million

Enormous Toronto condo complex to feature floating gardens in the sky

Toronto just experienced its steepest affordability decline in more than 40 years

Someone in Toronto is trying to rent out a mattress in the middle of their living room

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