Although Toronto’s actual property market has positively been slowing drastically in latest weeks, the town stays probably the most costly locations to purchase a house on the planet, and with rental towers eternally beneath development, we have turn into infamous for our tiny, low- high quality models at sky-high costs.
One Toronto realtor has highlighted this unlucky development in a TikTok video that has understandably gone viral, as everyone knows the web simply likes to see a tour of overpriced metropolitan actual property.
Sean Mayers, who usually posts about Toronto actual property information on his social media feeds, shared one new itemizing within the metropolis that he discovered to be particularly stunning.
“Searching for a tiny and costly shoebox in Toronto to name your individual? You’ve got come to the best place,” Mayers begins off his walk-through narration for the generic rental unit earlier than he hilariously reveals off the models options, which depart so much to be desired.
In his tongue-in-cheek description, the realtor boasts of a slim hallway “excellent for exhibiting off your shoe assortment,” a kitchen counter that solely has room for dish cleaning soap and a microwave, and a toilet that’s truly greater than the minuscule bed room — which solely matches a double mattress and has no closet.
“The hotel-style mini bar fridge is nice for storing one meal at a time, and you may love the straightforward bake oven, excellent for cupcakes,” Mayers continues, poking enjoyable on the spot’s very hotel-sized facilities.
He additionally notes fascinating design attributes like the dearth of a correct wall in each the bed room and toilet, ostensibly a transfer to make the area really feel bigger and extra open-concept, and to supply some extra gentle to the tiny closet of a sleeping quarters.
The kicker of the entire tour is the value tag, in fact: $610,000 for the compact one-bedroom with no parking, locker or space for storing, one thing that actually resonated with quite a lot of Torontonians, apparently.
“Ought to be unlawful to construct these…” one individual commented.
“Seems like residing in jail however you paid for it,” one other added.
Additionally, the very legitimate query, “Why do individuals nonetheless reside in Toronto?”
One more identified that that you must make a superb $120,000 a yr to afford the unit, making it, like all actual property within the metropolis, out of the attain of most residents; and nonetheless one other added that of their metropolis, such a rental can be priced at about that a lot, or much less: $100k-$120k, at most.
As humorous because the video is — amassing greater than 315,000 views, 29,000 likes and hundreds of feedback on TikTok and counting — most individuals from Toronto have undoubtedly seen worse offers on even smaller models.