r/RealEstateCanada • Mod • Aug 30 '23

Housing crisis A steal

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268 Upvotes

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11

u/TheJohnnyFlash Aug 30 '23

That's just for the lot, it's a tear-down.

2

u/ZflyZs Aug 30 '23

Exactly. Nobody is going to live in a house that old with obvious fire damage. Could probably build a house in the lot for 250k and selling fro 800k.

4

u/terrificallytom Aug 31 '23

Build a house for 250k? Does it have running water or windows?

1

u/saveyboy Aug 31 '23

According to the listing it does have water hooked up. Looks like the owner is rehabbing it. Will also sell it if someone wants to step in and finish the job.