Vacant piece of land less than 30 centimetres wide hits the Toronto market and it's attracting attention
A tiny sliver of vacant land in Toronto that is less than 30 centimetres wide has hit the market for $50,000 and already has three offers.
The property, located at 1060 Danforth Avenue in the Danforth and Donlands avenues area, hit the market late last month for $49,999.
The piece of land, which is 0.72 feet by 105 feet, is between a church and pharmacy and is too small for anything to be built on it.
Toronto real estate agent Anthony De Cesare told CTV News Toronto on Sunday that the seller purchased the property in 2013 at an auction for $5,000.
Photos of the property make it look much bigger than it is. The church on the left owns about 95 per cent of the patch of grass between the two properties. (Google Maps)
The land was auctioned off by the City of Toronto after the previous owner failed to pay their taxes, De Cesare said.
Photos of the property make it look much bigger than it is. The church on the left owns about 95 per cent of the patch of grass between the two properties, De Cesare said.
So why would anyone want to purchase this property?
It could be a good investment, De Cesare said.
He said if the church or pharmacy next door ever sells, developers could be "knocking at your door" to purchase the strip of land in order to build.
"I had one person interested, he's 35-years-old and said 'I want to buy it and hold onto it until a developers buy me out,'" De Cesare said.
He said he has also received interest from a nearby business owner who wants to purchase the land to put up a billboard.
"It's a waiting game for whoever buys this," De Cesare said, admitting there isn't much else to do with the land.
"It's getting a lot of attention."
CTVNews.ca Top Stories
'One of the single most terrifying things ever': Ontario couple among passengers on sinking tour boat in Dominican Republic
A Toronto couple are speaking out about their 'extremely dangerous' experience on board a sinking tour boat in the Dominican Republic last week.
Half of Canadians have negative opinion of latest Liberal budget: poll
A new poll suggests the Liberals have not won over voters with their latest budget, though there is broad support for their plan to build millions of homes.
opinion Why you should protect your investments by naming a trusted contact person
Appointing a trusted person to help with financial obligations can give you peace of mind. In his personal finance column for CTVNews.ca, Christopher Liew outlines the key benefits of naming a confidant to take over your financial responsibilities, if the need ever arises.
Teacher shortages see some Ontario high school students awarded perfect grades on midterm exams
Students at a high school in York Region have been awarded perfect marks on their midterm exams in three subjects – not because of their academic performances however, but because they had no teacher.
'My stomach dropped': Winnipeg man speaks out after being criminally harassed following single online date
A Winnipeg man said a single date gone wrong led to years of criminal harassment, false arrests, stress and depression.
Ottawa injects another $36M into vaccine injury compensation fund
The federal government has added $36.4 million to a program designed to support people who have been seriously injured or killed by vaccines since the end of 2020.
Photographer alleges he was forced to watch Megan Thee Stallion have sex and was unfairly fired
A photographer who worked for Megan Thee Stallion said in a lawsuit filed Tuesday that he was forced to watch her have sex, was unfairly fired soon after and was abused as her employee.
An Ontario senior thought he called Geek Squad for help with his printer. Instead, he got scammed out of $25,000
An Ontario senior’s attempt to get technical help online led him into a spoofing scam where he lost $25,000. Now, he’s sharing his story to warn others.
Her fiance has been in prison for 49 years. She's trying to free him before it’s too late
She was lying in bed on a Thursday morning, thinking about the man she loved, hoping to win his freedom before time ran out.