Wed. Jan 26th, 2022

A little bit of vacant land in Toronto that is less than 30 inches wide has come on the market for $ 50,000 and already has three deals.

The property, located at 1060 Danforth Avenue in the Danforth and Donlands Avenue area, came on the market late last month for $ 49,999.

The plot, which is 0.72 feet by 105 feet, lies between a church and the 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 bought the property in 2013 at an auction for $ 5,000.

The land was auctioned off by the city of Toronto after the previous owner failed to pay their taxes, De Cesare said.

Pictures of the property make it look much bigger than it is. The church on the left owns about 95 percent of the lawn between the two properties, De Cesare said.

So why would anyone want to buy this property?

It could be a good investment, De Cesare said.

danforth

He said that if the church or pharmacy next door ever sells, developers could “knock on your door” to buy the strip of land to build.

“I had someone interested, he’s 35 years old and said ‘I want to buy it and stick with it until a developer buys me out,'” De Cesare said.

He said he has also received interest from a nearby business owner who wants to buy the land to put up a billboard.

“It’s a waiting game for whoever buys this,” De Cesare said, admitting there is not much else to do with the land.

“It gets a lot of attention.”

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