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
Live updates: What star witness in Trump hush money case has said on the stand so far
The star prosecution witness in Donald Trump's hush money trial took the stand Monday with testimony that could help shape the outcome of the first criminal case against an American president.
Police release 3D images of young child found in an Ontario river two years ago
Police have released a three-dimensional image of a young child whose remains were discovered in the Grand River in Dunnville, Ont. almost two years ago.
Kamala Harris drops F-bomb during White House live-stream
U.S. Vice-President Kamala Harris used a profanity on Monday while offering advice to young Asian Americans, Native Hawaiians and Pacific Islanders about how to break through barriers.
Wildfire smoke drifts across Canada, over parts of U.S., prompting air quality advisories
Air quality advisories are in effect across Western Canada as smoky conditions plague some areas, according to the latest forecasts. Here's where.
When you have a moment's notice to evacuate, what do you take?
Knowing what to have at home, or take with you for an evacuation, can be useful and even life-saving.
'A great victory for the industry': Taxi drivers celebrate ruling that found City of Ottawa negligent in allowing Uber to operate
An Ontario Superior Court judge has ruled that the City of Ottawa was negligent in its enforcement of the city's taxi bylaw when it allowed Uber to begin operating in 2014, harming the city's established taxi industry.
'Judge Judy' Sheindlin sues for defamation over National Enquirer, InTouch Weekly stories
'Judge Judy' Sheindlin sued the parent company of the National Enquirer and InTouch Weekly on Monday for a story that she said falsely claimed that she was trying to help the Menendez brothers get a retrial after they were convicted of murdering their parents.
Steve Buscemi punched in the face while walking in N.Y.C.
Hollywood actor Steve Buscemi has been treated for injuries after being punched in the face while walking in New York City.
Western University researchers unlock potential 'cure' for ALS
New research out of London, Ont.’s Western University is shedding light on a potential cure for ALS, in which the targeting of the interaction between two proteins can halt or fully reverse the disease’s progression.