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533 Beresford Avenue Rear - RUNNYMEDE

This is a joke, right?

Sure, this building sits on a 50 x 100 foot lot.  

But it's a garage.  And not a nice one.

It is 3 bedrooms and 3 bathrooms split into 2 lofts that are 2,800 square feet each.

And the price is $1,490,000!!!

I suppose the old ice house at 234 Browning Avenue in Playter Estates...

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Sold for $1,285,000

 (still shocked by that one).

The laneway house at 2 Miles Place in Christie Pits...

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Sold for $829,000 and it was on an only 17.61 x 35.21 foot lot.  But it was 3 storeys of living space and it was done well.

And there was the place across the lane at 5 Miles Place...

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That wasn't as large as 2 Miles Place, but was also done well and in a better location than this place.  It sold for $662,558.

There was also the laneway house at 42B Grant Street in Leslieville...

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That sat on a 29 x 30 foot lot and sold for $657,000.

And of course, there is the ridiculous shack/garden shed/garage at 30 Hanson Street in the Greenwoood-Coxwell area...

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That sat on a 20 x 14.5 square foot lot, had no water and basically no space for a bed.  It sold for $165,000.

So....if we are going to compare properties based on square footage of land...

The cost for 30 Hanson was $569/square foot.

The Leslieville house was $755/square foot.

The house at 2 Miles Place was $1,337/square foot of land.

And this property!?!

It's $298/square foot of land!!!!

So....maybe it's not so crazy after all!

But when you consider that the house at 250 Rusholme Road in Dufferin Grove was only $250/square foot...

listing 

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