Daniels MPV condos.The asking price of Canadian independent house is nearly $1000W! Average property prices in Canada have fallen by C $142,000, or 16.4%, from their peak in March 2022 to December 31, 2022. Nine of the 10 cities with the biggest declines were from the Greater Toronto area.Please Visit: Daniels MPV condos to Get Your VVIP Registration Today!
However, a recently listed two-story, narrow detached house at Baldwin Street 114, near downtown Toronto’s Chinatown, bucked the trend and was listed at a sky-high C $9999000.
This is a typical brick house in the Kensington Market-Chinatown neighborhood of Kensington Market. Although it looks quaint from the outside, the price tag has more to do with the land on which it is located than the actual house.
From the outside, the property seems to be in good condition, and the charming red brick exterior walls are definitely a plus for would-be buyers looking for beautiful small houses in the city center.
But what really adds value to it are the two open spaces behind the house.
Nearly 15000 square feet of future development is currently used as paid parking, with 75 Cecil Street and 114R Baldwin Street described as “rare urban open spaces in downtown Toronto”.
This means that there are a total of three irregularly sized plots for sale, right behind the house. The listed land is labeled “vacant land”.
The actual house and one of the parking lots are quite narrow, but the third parking lot is large enough to hold about 12 cars or a new “monster house”.
Geographically, there are many amenities and transportation options near the area, including tram stations and subway stations, which will be the next selling point for sky-high real estate products in Toronto if the owner expands the site.
But there is no actual picture of the interior of the house on the list, probably because the real estate agent thinks the house will be demolished soon.
Although there are opportunities to make a lot of money on any undeveloped land near the city center, buyers now have to pay C $42000 a year in addition to a price of nearly C $10 million. However, the real estate agent is very optimistic about this small house, he affirmed that in the current state of this small house, the day of transaction is just around the corner.