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
More than 115 cases of eye damage reported in Ontario after solar eclipse
More than 115 people who viewed the solar eclipse in Ontario earlier this month experienced eye damage after the event, according to eye doctors in the province.
Toxic testing standoff: Family leaves house over air quality
A Sherwood Park family says their new house is uninhabitable. The McNaughton's say they were forced to leave the house after living there for only a week because contaminants inside made it difficult to breathe.
Decoy bear used to catch man who illegally killed a grizzly, B.C. conservation officers say
A man has been handed a lengthy hunting ban and fined thousands of dollars for illegally killing a grizzly bear, B.C. conservation officers say.
B.C. seeks ban on public drug use, dialing back decriminalization
The B.C. NDP has asked the federal government to recriminalize public drug use, marking a major shift in the province's approach to addressing the deadly overdose crisis.
OPP responds to apparent video of officer supporting anti-Trudeau government protestors
The Ontario Provincial Police (OPP) says it's investigating an interaction between a uniformed officer and anti-Trudeau government protestors after a video circulated on social media.
An emergency slide falls off a Delta Air Lines plane, forcing pilots to return to JFK in New York
An emergency slide fell off a Delta Air Lines jetliner shortly after takeoff Friday from New York, and pilots who felt a vibration in the plane circled back to land safely at JFK Airport.
Sophie Gregoire Trudeau on navigating post-political life, co-parenting and freedom
Sophie Gregoire Trudeau says there is 'still so much love' between her and Prime Minister Justin Trudeau, as they navigate their post-separation relationship co-parenting their three children.
Last letters of pioneering climber who died on Everest reveal dark side of mountaineering
George Mallory is renowned for being one of the first British mountaineers to attempt to scale the dizzying heights of Mount Everest during the 1920s. Nearly a century later, newly digitized letters shed light on Mallory’s hopes and fears about ascending Everest.
Loud boom in Hamilton caused by propane tank, police say
A loud explosion was heard across Hamilton on Friday after a propane tank was accidentally destroyed and detonated at a local scrap metal yard, police say.