Advertisement
Canada markets open in 2 hours 20 minutes
  • S&P/TSX

    21,837.18
    -12.02 (-0.06%)
     
  • S&P 500

    5,149.42
    +32.33 (+0.63%)
     
  • DOW

    38,790.43
    +75.63 (+0.20%)
     
  • CAD/USD

    0.7369
    -0.0020 (-0.27%)
     
  • CRUDE OIL

    82.55
    -0.17 (-0.21%)
     
  • Bitcoin CAD

    85,505.40
    -6,794.88 (-7.36%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,157.60
    -6.70 (-0.31%)
     
  • RUSSELL 2000

    2,024.74
    -14.58 (-0.72%)
     
  • 10-Yr Bond

    4.3400
    0.0000 (0.00%)
     
  • NASDAQ futures

    18,176.75
    -54.75 (-0.30%)
     
  • VOLATILITY

    14.62
    +0.29 (+2.02%)
     
  • FTSE

    7,707.81
    -14.74 (-0.19%)
     
  • NIKKEI 225

    40,003.60
    +263.20 (+0.66%)
     
  • CAD/EUR

    0.6791
    -0.0001 (-0.01%)
     

They Paid What??: This $561,000 Toronto home needs a lot of work

Toronto ranks among Canada’s weakest housing markets, according to data from the Canadian Real Estate Association showing the seasonally adjusted residential sales-to-new listings ratio for the city is among the lowest in the country.

The listing for 84 Laurel Ave. in the city’s east end bucked the trend despite its rough condition.

Whoever signed on the dotted line committed to a major renovation or total tear-down.

The exterior is overgrown. The interior may have something growing as well. Photos show extensive damage to the ceilings and walls. Pretty much everything appears to be peeling, broken or run-down. But hey, it’s got a fireplace and a garage.

ADVERTISEMENT

The house sold for $561,000, $63,000 over the $498,000 asking price.

Click through the slideshow to see more of the home and let us know if you think the price is fair.

(Images courtesy Zoocasa)

Download the Yahoo Finance app, available for Apple and Android.