These Toronto Parking Spots Actually Cost More Than What Most People Make In A Year

One spot is selling for $120K.

Toronto Parking Spaces Are Selling For Over $100K
Joseph Gough | Dreamstime
Contributing Writer

If you've ever wondered what the least exciting, yet still incredibly expensive thing you can purchase in the 6ix is, look no further than Toronto parking spaces.

A spot located on Yonge Street is currently on sale for a whopping $120,000 and other spots in the downtown core aren't much cheaper.

One space, located at 1 St. Thomas St. is also selling for $99,000. However, if you're looking for something a bit more affordable, you could always get a spot on Front Street, which is going for $78,000.

According to a study done by Statistic Canada, these parking spaces are actually going for way more than the average Ontarian makes in one year.

In fact, the median income after tax in Ontario is around $66,000.

This article's cover image was used for illustrative purposes only.

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  • Patrick John Gilson

    Contributing Writer

    Patrick John Gilson (he/him) is a Contributing Writer with Narcity Media. He is a pro at ensuring his content is both exciting and tailored to millennials. He specializes in breaking news and investigative stories that require him to be on scene— something he enjoys and thrives in.

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