This completely gutted shell of a Toronto home is going for $700,000

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Dunraven News

Drive,Toronto

It's no secret that Toronto's real estate market is a mess. The Toronto Regional Real Estate Board (TRREB) figures from May showed that sales of co...

This house isn't really a house, but more just four walls with a roof.The home was completely gutted and then either the current owners ran out of money for the renovation or just decided it wasn't worth it.The home has been gutted back to the studs.70 Dunraven Dr. is a detached house, sitting on a spacious 25 by 125-foot lot in an up-and-coming neighbourhood with decent transit infrastructure around.

Plus with the upcoming Eglington LRT and Barrie Line Go Expansion, transit will be even more reliable and the home prices will go up.So, by the time you pay land transfer tax and closing costs and complete the renovations, 70 Dunraven Dr. isn't as attractive of an investment as one might think.Then again, if you're not planning to sell it anytime soon and want to create your dream home from scratch, then 70 Dunraven Dr. could be a great blank canvas to do that.

 

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