This Toronto house is shockingly under $500,000

When the average house in Toronto's Pape Village neighbourhood sells for around the $1.1 million mark, finding a house listed for under $500,000 feels... suspicious.

But 82 Muriel Ave. is on the market for $489,000 and honestly? It's not even that bad.

It's a semi-detached three-bedroom, two-bathroom home in East York.

The front porch. 

Yes, it's definitely rough around the edges.

The front of the house. 

The roof looks a little wonky.

The kitchen. 

The kitchen is begging for a full renovation.

One of the bedrooms. 

And one of the bedrooms still has the sponge-painted walls that were apparently mandatory in the late '90s.

The front entrance and living room. 

But compared to some of the absolute disaster flips and collapsing "handyman specials" that regularly hit the Toronto market, this place is surprisingly livable.

The primary bedroom. 

The layout is functional, the rooms are decent sizes, and there's plenty of nautral light. 

The basement bathroom. 

There's even a finished basement, which already puts it ahead of a lot of starter homes in the city.

The dining room. 

It doesn't really feel like a teardown so much as a house where the owners simply stopped updating things sometime around 2003 and never started again.

The view from the front entrance. 

Of course, the real selling point here is the price.

The main bathroom. 

The listing makes it very clear this is being marketed as a project property with "endless possibilities" for renovators, investors, or builders.

The washer and dryer are in the kitchen. 

Translation: you're probably going to need to spend some money here eventually.

The third bedroom. 

But even if you completely gutted the place, there's a decent chance you'd still come out ahead.

The bright main floor. 

Semi-detached homes in this part of the city can sell for well over $1.5 million, and this feels like the kind of property where someone with vision — and a tolerance for dust — could add a lot of value.

The small backyard. 

Plus, with the future Ontario Line nearby, TTC access, and the Danforth just steps away, the location is doing some very heavy lifting here.

The back of the house. 

And considering empty lots in Toronto sometimes cost more than this entire house, it's honestly kind of shocking this house exists at all.