Patch of dirt hits Toronto market for almost $1 million
A piece of land in Toronto with nothing on it but grass and dirt has hit the market for nearly $1 million.
The property, is located at 172 South Kingsway just west of High Park, is being sold for $985,000.
According to the listing, the piece of land is "an opportunity not to be missed."
The 50 by 95 foot lot backs onto a ravine, offering privacy to a buyer who decides to build a home there. It is also located next to the South Kingsway Parkette.
"Ideal opportunity to land bank, build your dream home or investment property," the listing says.
Property taxes for the home will cost the buyer $3,922 annually.
According to the real estate agent, the land is in a desirable location and catchment for highly ranked schools.
It is also just a short walk to Bloor West and the waterfront.
According to the Toronto Real Estate Board, the average selling price for a home is nearly $1.1 million.
While this land is under the average selling price of a home, the buyer will obviously need to invest quite a bit more to construct their own home from scratch.
CTVNews.ca Top Stories
Bodies recovered in Mexico likely 2 Australians, 1 American who went missing: officials
Three bodies recovered in an area of Baja California are likely to be those of the two Australians and an American who went missing last weekend during a camping and surfing trip, the state prosecutor’s office said Saturday.
Maple Leafs eliminated from NHL playoffs with Game 7 OT loss to Bruins
Sheldon Keefe told his players hockey history would remember them one way or another.
Israel says Hamas attacks a crossing point into Gaza, wounding 10 Israelis and forcing its closure
Hamas militants on Sunday attacked Israel's main crossing point for delivering humanitarian aid into the Gaza Strip, reportedly wounding several Israelis and prompting Israel to close the terminal.
No proof man lied to brother about number of kittens born in litter, B.C. tribunal rules
A man was denied a $5,000 payout from his brother after a B.C. tribunal dismissed his claim disputing how many kittens were born in a litter.
What a judge's gag order on Trump means in his hush money case
A gag order bars Trump from commenting publicly on witnesses, jurors and some others connected to the matter. The New York judge already has found that Trump, the presumptive Republican nominee for president, repeatedly violated the order, fined him US$9,000 and warning that jail could follow if he doesn't comply.
Amid climate change warnings, Canadians lukewarm on electric vehicles
Amid scientists' warnings that nations need to transition away from fossil fuels to limit climate change, Canadians are still lukewarm on electric vehicles, according to a study conducted by Nanos Research for CTV News.
Trudeau 'absolutely' best person to lead the Liberals in next election: LeBlanc says
Cabinet minister Dominic LeBlanc insists he's not planning a leadership campaign to head the Liberal party, should current leader and Prime Minister Justin Trudeau resign, seemingly quashing rumours he's planning to make a move for his boss' job.
Netanyahu's Cabinet votes to close Al Jazeera offices in Israel after rising tensions
Israeli Prime Minister Benjamin Netanyahu said on Sunday that his government has voted unanimously to shut down the local offices of Qatar-owned broadcaster Al Jazeera, escalating Israel's long-running feud with the channel at a time when cease-fire negotiations with Hamas — mediated by Qatar — are gaining steam.
King Charles III’s openness about cancer has helped him connect with people in year after coronation
King Charles III's decision to be open about his cancer diagnosis has helped the new monarch connect with the people of Britain and strengthened the monarchy in the year since his dazzling coronation at Westminster Abbey.