A Tiny Piece Of Toronto Land Is On Sale For Almost $50K & It's Less Than A Foot Wide

Offers have already been made.

Toronto Staff Writer
A Tiny Piece Of Toronto Land Is On Sale For Almost $50K & It's Less Than A Foot Wide

If you've always wanted to invest in Toronto but your pockets aren't quite deep enough for a condo, this tiny portion of land on the Danforth could be your next big investment.

Last week, a strip of land barely big enough to house Stuart Little was listed for $49,999, and Toronto real estate agent Anthony De Cesare told Narcity it has already received two offers.

Anthony De Cesare

The 1060 Danforth Ave. property is less than a foot wide and sits at 0.75 x 105 feet. It is wedged between a pharmacy and a church.80u


De Cesare says he doesn't know what a person could do with the property other than hold onto it, wait for a developer or neighbouring business to snap it up or use it for advertising.

Anthony De Cesare

Despite the listed size of the property, De Cesare says he's been fielding dozens of calls from people asking if they could build a house, store their cars, or build on the slim lot due to confusion surrounding its size.

"I was getting 10 to 15 calls a day, all the same question, 'Can I build there? Can I build a house? Can I build a building?' One guy asked if he could store his RV there."

"I have to explain to everyone that it's less than one foot," he says. "I don't want to mislead anyone."

His client, Carlo Scarcello, a local deli owner, bought the property in 2013 at a City of Toronto auction for $5,000 and could have tripled his investment after receiving a $15,000 offer, however according to De Cesare, he is holding out for a better price.

De Cesare says Scarcello is looking to use the money to buy a new car, and while he is flexible on the price, he wasn't willing to sell the lot for $15,000 because that amount of money "won't change anything" for him.

The Toronto market for stunning lofts is already pretty hot, but it may have gone up a couple of degrees thanks to a parody video spoofing Netflix's show You.

27-year-old Toronto realtor Sam Ghamsari made waves in the real estate community this week with his video listing for 90 Sumach St., Unit 421, gaining over 14,000 views on Instagram.

Keep Reading Show less

Vancouver housing prices are something everyone knows all too well, and most likely are getting tired of.

If you're sick of the city prices, then moving to a semi-remote cabin in the woods might sound pretty tempting — especially if you can get two acres of land, a house and FOUR cabins all for the price of a tiny condo in Vancouver.

Keep Reading Show less

Most Ontario homes don't offer breathtaking views of a lake, but this massive abode has crystal blue sights.

682 Dorcas Bay Rd., located in Tobermory, is a stunning four-bedroom and two-bathroom home that offers its owners 3,162 square feet of living space and captivating views of Lake Huron.

Keep Reading Show less

A massive Ontario home is offering buyers a chance to live like a millionaire for less.

360 Roche Ave., located in Timmins, Ontario, is an expansive five-bedroom, four-bathroom property that offers a whopping 4,462 square feet of living space.

Keep Reading Show less