Two Toronto homes are listed together for only $1
Look, we all know the Toronto real estate market has been abysmal lately.
Even still, it shouldn't be much of a shock to see two homes on Cedarvale Ave. listed for just $1.
Before you start imagining homeownership for less than your last Uber Eats order, just know that's not even close to what they'll actually sell for—even in this sluggish market. 
The living room in 38 Cedarvale Ave.
The pair of semi-detached homes at 38 and 40 Cedarvale Ave. hit the market this month with a loonie-listed price that's turning heads and ruffling a few feathers.
The kitchen in 38 Cedarvale Ave.
"I know this pricing strategy can upset some buyers and agents," admits broker Natasha Varjacic of Real Estate Homeward, "but it's actually more transparent than listing below market value and hoping for a bidding war. With a $1 list price, we're not pretending this is what the seller expects. It's just about letting the market decide."
A bedroom in 38 Cedarvale Ave.
In other words, this is an open-bid sale using the increasingly popular Australian-style auction model, and the $1 price tag is just a placeholder.
The living room in 40 Cedarvale Ave.
The actual sale price? Up to you and your chequebook.
A bedroom in 40 Cedarvale Ave.
"This is the first time I've ever listed a property at $1," says Varjacic.
A bedroom in 38 Cedarvale Ave.
"We decided on this strategy because of the property's unique situation of being sold together under a single ownership and property PIN, despite having two municipal addresses and tax assessment numbers."
A bedroom in 40 Cedarvale Ave.
Whether you want to live in one and rent the other, create a cozy multi-generational compound, or just flex your East End real estate muscle, this is a rare chance to grab side-by-side homes just steps from Woodbine Station and the Danforth.
The bathroom in 40 Cedarvale Ave.
The same family has owned these homes for generations, and this is the first time they've been up for grabs in decades, said Varjacic.
The open concept main floor in 38 Cedarvale Ave.
38 Cedarvale Ave. has been freshly upgraded, featuring hardwood floors, a sun-drenched kitchen with an oversized island, and a backyard made for summer hangs.
The primary bedroom in 38 Cedarvale Ave.
Upstairs, you'll find three bright bedrooms and a primary suite with skylight, ensuite, and double closets.
A sun room in 40 Cedarvale Ave.
Next door, 40 Cedarvale Ave. is more of a fixer-upper since it has been rented out for the last few years.
The kitchen in 40 Cedarvale Ave.
But, with four bedrooms and a spacious kitchen, it's got good bones and potential.
The main floor of 40 Cedarvale Ave.
Whether you're an investor looking to double up on rental income, or someone who dreams of living next door to your best friend—or your sister, like Varjacic does—this is a unique chance to build both community and equity.
A bedroom in 38 Cedarvale Ave.
Prefer a little distance from your neighbours? You've got options.
The primary ensuite in 38 Cedarvale Ave.
The process of severing the lots is already underway, and a Committee of Adjustment hearing is tentatively set for July 30.
The backyard at 38 Cedarvale Ave.
That means the properties could eventually be split and sold separately, possibly increasing their overall value.
The backyard at 40 Cedarvale Ave.
Right now, semi-detached homes in the East End are going for around $1.2 million, and property values in the area have jumped more than 13 per cent over the past five years.
A basement bedroom in 40 Cedarvale Ave.
Depending on what you do with the properties, you could be looking at a serious return on investment.
The back of the houses.
Just don't expect to walk away with both houses for the cost of a coffee.
