Am I crazy to think this 3 bedroom house is a really good deal at $739,000?

It is probably full of knob and tube and could use some freshening up, new bathrooms and a new kitchen  possibly knocked out into that porch area in the back (though the listing says it is new with granite counters).

Problem is it is located beside a laneway, it doesn't seem to have any parking and I can't pin down the lot dimensions so I am thinking there is no backyard.  But if there is....

This house could be amazing!  And the location is great.

UPDATE:  #1) thanks to the readers who commented below confirming the knob and tube and the fact that there is no yard.  It is on a 29.75 x 57 lot.  No backyard.  And if the structural issue is true, this will really be a tough sell!  But it is still in a great location if Bloor West is where you want to be!  Even if you can only fit a table or a few chairs in the back, it might be worth it at mid $6s.

#2) I forgot to mention in my post earlier that this house kind of reminds me of this house in Montreal, just with white paint instead of scary wallpaper.  Clearly it is a gutter but built-ins and stuff could stay, just not necessarily all the walls.  And I need to see that washroom.  Send in pics if you have them!

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