- Real Estate
- Food & Drink
- Things to Do
People seeking a house on a budget and have the time and energy for some TLC have options
Last week, we wrote about a two-bedroom detached house listed on the Toronto real estate market for just under $700,000.
That’s a rarity in a city where, according to the Toronto Regional Real Estate Board (TRREB), the average price for a home is $1,000,008, including condos, and the average for detached homes in the city is still hovering around $1.7 million. Prices are cooling with the weather, but not that much.
However, it still seems possible to find some semi or detached listings for those first-time home buyers working with a budget – and who have the time and energy to fix up a property that needs some TLC. Below are five options for those seeking a house in the Toronto real estate market listed for $700,000 or less. (We didn’t include the ones disingenuously listed for $1 or the boat.)
The house at 35 Ray doesn’t look like much. Actually, it looks like a lot of work, standing on uneven ground, adjacent to train tracks., And its being sold in “As is, where is” condition, according to the listing. But this is a detached home with a lot near Weston and Eglinton large enough to build something brand new and cozy.
The lovely garden in the fenced-in backyard doesn’t provide as much outdoor privacy that one might hope for, since this detached three-bed and three-bath home sits adjacent to an apartment building. Your neighbours will be peering over their balconies as you tend the garden. But that seems a fair trade off for a home that would sell for more than double the listing price if it stood a little further south.
The cute brick and stone two-bedroom bungalow is move in ready with some new fixings and appliances. The house may be petite but the lot leaves ample room for new buyers to extend or rebuild entirely in the future.
A little further south at Old Weston and St. Clair, there’s a slim three-bedroom semi-detached with a few new fixings and a basement apartment. The house is definitely on the old side but it appears move-in ready for those who want to get right in on the Caledonia Park market and take their time to gut and renovate as needed.
This home is in a state of complete disrepair, currently halfway through a gut-and-reno job. It’s all beams, studs and dirt at the moment, if anyone is keen on taking over before completion. As the listing says, it’s a blank canvas for anyone who wants to take the three-bedroom detached and make it whatever they want.