You know how the captain always goes down with his ship? Well, if you’re the owner of a sinking home in Toronto, you get out (or at least try to). The owner of 866 and 868 Shaw St. is selling the two dwellings that are literally drowning in the earth for $688,000 each. And you are required to buy them together, as they are being “sold together.” So, that’s approximately $1,376,000 for two homes being swallowed into a hell-mouth, which is happening because they were built on an infill over the Garrison Creek.
The real estate agent states that this is a “rare opportunity to build in a great location” and this opportunity, as it were, is “mainly land value.” That means you’re paying more for the land (again, with an infill below that has shifted over time) than you are the slanted homes. Toronto: currently a bubble of a real estate market where people are anticipated to spend $1.37 million dollars on land that is relatively unstable.