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
BREAKING Iran fires at suspected Israeli attack drones near Isfahan air base and nuclear site
Iran fired air defences at a major air base and a nuclear site early Friday morning near the central city of Isfahan after spotting drones, which were suspected to be part of an Israeli attack in retaliation for Tehran's unprecedented drone-and-missile assault on the country.
NEW After hearing thousands of last words, this hospital chaplain has advice for the living
Hospital chaplain J.S. Park opens up about death, grief and hearing thousands of last words, and shares his advice for the living.
LeBlanc says he plans to run in next election, under Trudeau's leadership
Cabinet minister Dominic LeBlanc says he plans to run in the next election as a candidate under Prime Minister Justin Trudeau's leadership, amid questions about his rumoured interest in succeeding his longtime friend for the top job.
Prince Harry formally confirms he is now a U.S. resident
Prince Harry, the son of King Charles III and fifth in line to the British throne, has formally confirmed he is now a U.S. resident.
Trend Line Anger, pessimism towards federal government reach six-year high: Nanos survey
Most Canadians in March reported feeling angry or pessimistic towards the federal government than at any point in the last six years, according to a survey by Nanos Research.
Ontario woman loses $15,000 to fake Walmart job scam
A woman who recently moved to Canada from India was searching for a job when she got caught in an online job scam and lost $15,000.
DEVELOPING Israel targets air defence system in Syria, state news agency says
Israel carried out a missile strike targeting an air defence unit in southern Syria, causing material damage, state-run SANA news agency quoted a military statement as saying Friday.
Colin Jost names one celebrity who is great at hosting 'Saturday Night Live'
Colin Jost, who co-anchors Saturday Night Live's 'Weekend Update,' revealed who he thinks is one of the best hosts on the show.
NEW From window blinds to motorcycle helmets, here are the recalls in Canada this week
Here are the various items Health Canada recalled this week, including motorcycle helmets, power adapters, and bicycle cranksets.