What $1,000,000 Buys Today In Toronto

Houses

3 minute read

April 10, 2015

If you’re feeling blue on this rainy Friday morning, then don’t read this post.

Alas, this is a sarcastic look at a really, really, really poorly-built house, listed for $999,900 somewhere in Toronto.

Not in any way, shape, or form, do I believe this is worth a million bucks, but clearly the flipper/renovator does!

It’s sad, but it’s also funny.  But it’s also sad…..because somebody WILL buy this house, eventually…

DrEvil

I could have put up a stock photo of a pile of money constituting one million dollars, but I figured Doctor Evil was slightly more fitting.

There’s something evil about this blog post.

It’s not meant to tease you, but how can you possibly look at photos like the ones below and not get frustrated with the price of real estate?

One of my favourite things to mock in this industry is a really poorly-renovated house.

There are so many people in Toronto that think, “I’m going to buy a house, fix it up, and sell it for more money!”  And when they do, it usually looks something like this…

And keep in mind – this doesn’t include any of the photos of the decor, which I can’t post because it would help identify the house, and that would be unfair…

So here we have a photo that clearly demonstrates that the renovator has no taste, and no style.  Either repair and restore the old wooden railings, or replace them with a sleek, modern, glass pane.  But not both, because then it would look like this:

BH01

 

This is awful.

This doesn’t say, “One million dollar house.”

This poorly-installed, plaster-covered, paint-dripping, ugly-ass backsplash says, “This is all you can afford.”

BH02

 

And this mess of plaster says, “We never thought you’d look behind the toilet, which is improperly installed.”

BH03

 

Classy!

Just drill through the tile, and then fill the hole with putty…

BH04

 

Seriously?

A new piece of wood for this threshold would have cost two dollars.

Or it could have been painted for a buck.

Instead, this is what a million-dollars gets you:

BH05

 

NO JUMPING!

Do NOT jump up in the air, presumably for joy, after buying this awful house, as their are jagged nails about one foot above your head…

BH06

 

Either pay a professional to stage, or leave the house empty.

Milk crates under beds make buyers laugh, and you don’t want buyers laughing at your home…

BH07

 

I swear – it just came off in my hand!

Then again, the nails are bent sideways, so this wasn’t ever really “installed,” was it?

BH08

 

Not the worst paint job I’ve ever seen, but it does show that a professional didn’t paint this.

Maybe the owner’s brother’s sister’s uncle’s friend had the day off…

BH09

 

Speaking of “not painting,” couldn’t they have touched up the railings before installing the glass?

BH10

 

This is what the glass looks like, all the way along.

And since there’s RAILINGS in front of it, you can never really clean it, can you?

BH11

 

Speaking of “installed,” I guess this is how the oven is supposed to look?

BH12

 

And I know this dishwasher isn’t installed properly.

Why do I know this?

BECAUSE IT CAME OUT IN MY HAND!

BH14

 

My cleaning lady charges $85 for my condo, and this house might cost you $150.

It’s a MILLION DOLLARS, but all the cupboards look like this – and the photo doesn’t show that all the shelves have measurements written on them in pencil:

BH13

 

And my favourite – if this doesn’t say “million dollar home,” then I don’t know what does:

BH15

Don’t get discouraged, folks.

This is all in good fun.

You have to kiss a few toads to find the prince, and this just happens to be the former.

Have a great weekend, everybody!

Written By David Fleming

David Fleming is the author of Toronto Realty Blog, founded in 2007. He combined his passion for writing and real estate to create a space for honest information and two-way communication in a complex and dynamic market. David is a licensed Broker and the Broker of Record for Bosley – Toronto Realty Group

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9 Comments

  1. wendy

    at 9:49 am

    I have seen some really run down houses for over 1 million listing….

    There was one listed last week; 350 keewatin ave, N30044107 listed for 1.125milion last week, but have no idea how much it was sold for, since the information is no where available on MLS. can you help?

  2. GinaTO

    at 10:42 am

    Ha ha! I wonder if this is the same flipper we bought our house from, although we certainly didn’t pay a million dollars! Our place shows poor workmanship, but not to that extent – the glass railing is a WTF of massive proportions.

  3. Ed

    at 12:12 pm

    Wooden railing with added glass plane. = All the original charm with modern upgrades!

  4. Mary

    at 2:09 pm

    What a hot mess! I can’t believe that anyone listed the house in that condition. Ridiculous! Sadly, someone will pay a lot of money for it and get a lot of headaches out of it. What is happening? Can the real estate values in Toronto keep going up? Are we near the top of a cliff?

  5. J

    at 10:20 pm

    Reminds me of my old fraternity house.

  6. Steve

    at 12:39 am

    Um … we are about to run off a cliff (all the classic signs are there … now even hairdressers are flipping houses on the side). Of course, most people don’t want to hear this, but it’s the elephant in the room. House prices are way up, but incomes/job quality are flat, and interest rates are at historic lows. Use your critical faculties. It’s never “different this time”.

    1. Appraiser

      at 12:18 pm

      @ Steve: Wow, how many empty cliche’s can you spout in one post?

      Tell us what will be the catalyst for this pending cliff-dive in real estate? Resale MLS inventory in Toronto is the lowest in 15 years – despite an increase in new listings.

      Simply stated, demand is overwhelming supply and has been for many years. So what’s going to happen to change this narrative? Anecdotes about hairdressers flipping houses?

      1. Steve

        at 11:42 pm

        Honestly, I hope you are right (since I own plenty of RE), however, I have lived long enough to witness plenty of markets over-shoot …. and this is one of them. Just keep in mind, cliches are usually born out of recurring situations.

  7. DR

    at 11:49 pm

    This one was too easy to identify, but those railings are new…not original. Someone thought it was a good idea to put new railings AND glass. Seriously messed up.

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