You may not be able to buy broccoli in Toronto for $1, but you can still get a house.
A 25,000 Sq.ft. historic home in the city is going for $1. That’s right, one measly dollar. So you better get your change ready while you still can, because we can’t imagine this property will stay on the market for much longer.
The 130-year-old William Harris House, located at 450 Pape Ave, isn’t exactly in pristine condition though. Some of the listing photos show some wall damage and a little paint peeling here and there–but it’s still a rock bottom bargain for any city.
“We’ve had a tremendous amount of people calling us,” Real estate agent Matthew Pringle said.
The reason for the $1 price tag, Pringle says, is because he wanted to “open it up to the entire market”.
“There are better uses for the building, like a low-rise condo,” he said.
Of course, even if you were to buy it, you’d be looking at about $35,000 in annual property taxes. So make sure you can afford that before whipping out your loonie.
Like any historic property, this one also has its own story. William Harris was an entrepreneur who started a company that eventually became Maple Leaf Foods. The Salvation Army took over the property in 1930 and converted it into a home for single moms. In 2010, it was given heritage status. There’s even a plaque right outside!
If you’re interested, you can check out the listing right here.