As a sequel of “Toronto Real Estate Revolution – Home Buyers Resist to Buy, Home Sellers Persist on Price”, Let’s take a look what can you possibly get for $1 million in Toronto today.
Realistically, these are your option:-
$1.18M
“Let’s just call it ‘rustic’?”
“Brilliant!”
“To the printers!”
“Can we get tetanus shots there?”
Or for,
$920,000
You may have this Polly Pocket’s dream house, on a major street, with no parking.
If you are lucky, you may still get it for a little less than $1 million,
The equivalent of a backyard shed in a normal city is $800,000 in this dysfunctional one.
(Oh, and no parking and we betcha it’s located in a rough neighbourhood)
Oh, you wanted a DETACHED house for $1.3 million?
Lol move to Oshawa.
Listed: $899,000 Sold: $1.29 M
A bungalow where the kitchen is in the basement.
Perfect for buyers under 5’5″
Listed: $679,900 Sold: $1.05M
Even this sold for $920K in Oct. With no renos, sold again in Feb for,
$1.125M
THAT’S 200K IN FOUR MONTHS.
SEND HELP
Again, in certain less desirable areas,
Someone bought this thing for $850,000.
Anything less means you are looking at something like these …
What half a million dollars will buy you in Leslieville.
*Bring steel toe boots
Or this nice little fixer-upper,
Asking $700,000. Includes a half-eaten can of beans and a pair of fingerless gloves.
EVERYTHING’S FINE.
$1.218M
The truth is any decent family in a so-so area is likely to ask for $2 millions or more.
Come to our beautiful city, live like a multimillionaire, share a single bathroom.
Sold: $1.9M, 3b/1bath
Hope you get the gist of the reality by now.
That’s Toronto, the heart of the Golden Horseshoe – where Home Show is hotter than Crazy Horse Show.
Don’t like what you hear?
You may leave. The door is always open. And if you are leaving, close the door – Deep Purple.
When a Blind Man Cries
Whaddaya Say?