Would You Pay $1M For This Toronto Home ?

[cupcrazyman]

http://www.cbc.ca/beta/news/busines...-ago-in-the-housing-market-vs-today-1.4009041

Click to read more...

 

[Langdon Alger]

Can I look inside?

 

[tarheelhockey]

Not that they don't have a point about purchasing power, but I would go by sale prices rather than listed prices.

This is like talking about the highest-priced tickets listed on Stubhub, rather than what they're actually going for.

 

[Mantis]

**** no, I wouldn't want to live in Toronto period.

 

[Goonzilla]

It certainly doesn't look like a million dollar home to me; but of course it's all about the location.

 

[MetalheadPenguinsFan]

**** no, I wouldn't want to live in Toronto period.

Ditto

 

[Dog]

I'm literally rich

 

[swimmer77]

Does it have a swimming pool?

 

[hotcarle]

I'm literally rich

Nice to meet you, Richard.

If that Toronto house starts at 1.1m, their mad auction-style real-estate model they have going on currently, will surely drive that dilapidated structure up to 1.3m.

 

[yubbers]

I'm never gonna be able to buy a house here

 

[yubbers]

Ditto

Me 3

 

[cupcrazyman]

https://www.realtor.ca/Residential/Single-Family/17623204/1776-LAKESHORE-RD-SARNIA-Ontario-N7X1C1

Move to my city only $3.69M.Probably cost you $10M+ in Toronto

 

[Finnish your Czech]

I can't afford a house in Toronto, but I don't really want one.

 

[Mark Stones Spleen]

Not that they don't have a point about purchasing power, but I would go by sale prices rather than listed prices.

This is like talking about the highest-priced tickets listed on Stubhub, rather than what they're actually going for.

The actual cost will be higher in all likelihood. Toronto is messed up right now and houses like this one will have a bidding war taking it up another 20+%.

 

[Alex Jones]

That's like a palace compared to what a million dollars can get you in California.

 

[Fixed to Ruin]

http://www.cbc.ca/beta/news/busines...-ago-in-the-housing-market-vs-today-1.4009041

It's a handyman's dream.....because it's so dilapidated.

 

[Goonzilla]

The value of the house you live in is irrelevant. Unless you're selling to downsize and move to the middle of no where, it doesn't matter if it's a $50k house or five million. Of course the better parts of town cost more.

I have no trouble believing that house is a million bucks in a major city where demand is probably high. Is it a steal?

 

[Jumptheshark]

http://www.cbc.ca/beta/news/busines...-ago-in-the-housing-market-vs-today-1.4009041

you are not buying the house--you are buying the land. The biggest mistake people make is thinking it only as the house on it right now and not what you could build on it. How big of back yard does it have--it looks like the area is zoned where you can go up one more story

 

[Deleted member 3032]

You aren't paying $1 million for the house, you're paying about $70k for the house (give or take) and $930k for the land. Now, is that worth it? I'm not sure about the market in Toronto, although obviously as a major city property will be very expensive, so I would guess that it is at least somewhat close.

 

[Finnish your Czech]

That house is located close to the subway line, and is maybe 20-30 minutes from downtown via subway.

 

[BigMac1212]

American or Canadian?

 

[Langdon Alger]

It's a handyman's dream.....because it's so dilapidated.

That house is on fire! Motivated seller.

 

[darko]

Nice to meet you, Richard. .

Yes he's a Dick.

 

[HisIceness]

That house almost looks like it hasn't seen any kind of exterior maintenance in about 10 years.

 

[George Binks]

**** no, I wouldn't want to live in Toronto period.

This