119 Rusholme Road - DUFFERIN GROVE
Do you think this is one of the Toronto Community Housing properties that the city is selling off?
I cant imagine it is with this price tag!
$1,899,000!!
Sure, this is a 50 x 300 lot steps from College but even if you split this property up and built a few houses, I don't think you would see the proper return.
If it cost $250 to build 2 houses of 2,500 square feet, you would break even assuming you could sell the new houses for $1,600,000.
And no matter what the lot size, I can't imagine someone buying this house and renovating. It is not a neighbourhood of $2.5+ million houses.
It doesn't make sense
Unless you built a beauty of an apartment building like the neighbour...
