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
Three dead, two hospitalized, following collision in Fredericton: police
Three people are dead following a collision in Fredericton Sunday morning.
‘Love has no boundaries’: Sask. couple in their 90s and 80s get married
Eighty-two-year-old Susan Neufeldt and 90-year-old Ulrich Richter are no spring chickens, but their love blossomed over the weekend with their wedding at Pine View Manor just outside of Rosthern.
Madonna's biggest-ever concert transforms Rio's Copacabana beach into a massive dance floor
Madonna put on a free concert on Copacabana beach Saturday night, turning Rio de Janeiro's vast stretch of sand into an enormous dance floor teeming with a multitude of her fans.
Video shows gaggle of geese stopping traffic on Highway 1 near Vancouver
A mother goose and her goslings caused a bit of a traffic jam on a busty stretch of the Trans-Canada Highway near Vancouver Saturday.
'The Fall Guy' gives Hollywood a muted summer kickoff with a US$28.5M opening
"The Fall Guy," the Ryan Gosling-led, action-comedy ode to stunt performers, opened below expectations with US$28.5 million, according to studio estimates Sunday, providing a lukewarm start to a summer movie season that's very much to be determined for Hollywood.
William Shatner says he would consider 'Star Trek' return: 'Here comes Captain Kirk!'
The Montreal-born actor, famed for his portrayal of Captain Kirk in "Star Trek," says he is open to reprising the iconic role in the sci-fi franchise as long as the storytelling is stellar.
Trudeau 'absolutely' best person to lead the Liberals in next election: LeBlanc insists
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.
opinion You don't need to be an influencer to earn income from social media
How legitimate are claims by some content creators that the average person can earn passive income from social media platforms like TikTok and Instagram? Personal finance columnist Christopher Liew says it's quite possible, if you're willing to put in the initial time and effort.
Montreal man on the hook for thousands of dollars after a feature on his Tesla caused an accident
A Montreal man is warning Tesla drivers about using the Smart Summon feature after his vehicle hit another in a parking lot.