Have you ever wondered what $165,000 get you in Toronto, ON? This week, a house sold in the inner city for just that. It’s walking distance to the subway and close to some of the best neighborhoods in the city. The catch? It’s 210 sq ft and situated on a whopping 20 ft x 14.5 ft lot! There is electricity run to the house but no running water, no kitchen, and no bathroom. A glorified garden shed. The listing agent states that it’s “cheaper than a condo”.
He’s not lying. The average sale price of a condo in Toronto was close to $430,000 according to RealNet for the month of August. Outrageous compared to the Saskatoon real estate condo market averaging close to $230,000 for the month of August.
Or instead, for $199,900, you can purchase a brand new townhouse condo at Chaparral Ridge in Martensville. It may be a bit more than $165,000 but I can assure you there’s running water.
Saskatoon Real Estate Agent
Century 21 Fusion