We also know the Toronto real estate market is back on its BS when we see something like this Scarbrough bungalow beingblogTo reached out to the listing agents to get some insight but unfortunately didn't hear back... so we've made some speculations.Now, the two plus two bedroom bungalow is indeed sitting on a spacious 100 by 284-foot lot with lush landscaping.And while it would seem that this place is being sold primarly for land value, the house itself isn't totally worthless.
The listing does point out that the house has been very well maintained and that the large windows allow natural light to flood the space.There are two large bedrooms on the main floor, two bedrooms in the basement and three bathrooms. Multiple fireplaces add a cozy touch and the fully finished walkout basement provides additional living space.Still, $4 million seems steep for what is a pretty average house, and we would not be surprised if this home still didn't sell for anywhere close to its asking price.