In Toronto’s hot housing market, how did this midtown condo sell for $420,000?

, they may be unappealing to investors looking to park their money in a unit and sell for a significant profit in a few years as they don’t appreciate at the same rate as non-co-op properties, Nodell says.

Walking into this property, you’re met by a narrow hallway leading to the bathroom and a 115-square-foot bedroom to the right. To the left sits a large open living area spacious enough for a large couch, a coffee table and two chairs, and room to spare. The seller, a young professional, bought the property for $350,000 in early 2020, landing them $70,000 in profit in just two years from holding onto the property. Likely, the seller paid less on monthly mortgage payments than he would on rent, Nodell said.

What a farce. That is smaller than a 2 car garage. Someone was not thinking to waste their money on something so small.

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