Teh One Who Knocks
06-28-2021, 10:42 AM
Sean Davidson, Multi-Platform Write - CTV News Toronto
https://i.imgur.com/QBwb0dX.jpg
TORONTO -- A piece of land in Toronto with nothing on it but grass and dirt has hit the market for nearly $1 million.
The property, is located at 172 South Kingsway just west of High Park, is being sold for $985,000.
According to the listing, the piece of land is "an opportunity not to be missed."
The 50 by 95 foot lot backs onto a ravine, offering privacy to a buyer who decides to build a home there. It is also located next to the South Kingsway Parkette.
https://i.imgur.com/6QOK820.jpg
"Ideal opportunity to land bank, build your dream home or investment property," the listing says.
Property taxes for the home will cost the buyer $3,922 annually.
According to the real estate agent, the land is in a desirable location and catchment for highly ranked schools.
It is also just a short walk to Bloor West and the waterfront.
https://i.imgur.com/IGkSLQs.jpg
According to the Toronto Real Estate Board, the average selling price for a home is nearly $1.1 million.
While this land is under the average selling price of a home, the buyer will obviously need to invest quite a bit more to construct their own home from scratch.
https://i.imgur.com/QBwb0dX.jpg
TORONTO -- A piece of land in Toronto with nothing on it but grass and dirt has hit the market for nearly $1 million.
The property, is located at 172 South Kingsway just west of High Park, is being sold for $985,000.
According to the listing, the piece of land is "an opportunity not to be missed."
The 50 by 95 foot lot backs onto a ravine, offering privacy to a buyer who decides to build a home there. It is also located next to the South Kingsway Parkette.
https://i.imgur.com/6QOK820.jpg
"Ideal opportunity to land bank, build your dream home or investment property," the listing says.
Property taxes for the home will cost the buyer $3,922 annually.
According to the real estate agent, the land is in a desirable location and catchment for highly ranked schools.
It is also just a short walk to Bloor West and the waterfront.
https://i.imgur.com/IGkSLQs.jpg
According to the Toronto Real Estate Board, the average selling price for a home is nearly $1.1 million.
While this land is under the average selling price of a home, the buyer will obviously need to invest quite a bit more to construct their own home from scratch.