According to the Canadian Real Estate Association, the average price for a single detached house in Toronto last month was $1,235,000, while a semi-detached house was just under $1 million.
And in 2025, you still need to earn around $200,000 a year to even be able to afford a house in the GTA.
So with all that in mind, it’s kinda shocking that two houses are listed for only $1,399,000.
The kitchen in 335 Craven Rd.
335 and 337 Craven Rd. are both sitting on what is technically a single piece of land and are being sold as a package deal.
On one side of the property, you have 335 Craven Rd.
The basement of 335 Craven Rd.
It is a two-storey semi-detached house with two bedrooms, one bathroom, and a finished basement.
The kitchen and living area of 337 Craven Rd.
Meanwhile, 337 Craven Rd. is a one-bedroom, one-bathroom bungalow without a finished basement.
Like conjoined twins, they’re joined by a shared driveway and joint backyard.
The living room of 335 Craven Rd.
If we’re being honest, neither house is particularly spectacular. There are no major red flags, but the homes are dated and generally in need of a bunch of renovations and updates.
But even still, when you can get two houses for the price of one in this famously expensive city, that’s a deal.
A walk-out to the backyard from the kitchen.
Also, it’s worth mentioning that the lots are in the process of being separated, which means you could (in theory) make double by selling the two houses separately in the future.
A bedroom.
And in that area, houses typically sell for around $1.2 million, but detached houses can go for more than $2 million.
In short, you’re looking at a healthy profit, but that’s really only if you can divide the lot up.
A bathroom.
And at the time of publication, the realtor hadn’t responded as to how likely it is that the severance application would be approved, or even how long they expect the process to take.
A bedroom.
But, according to the government, the process takes a minimum of three months, and that’s if there are no complications.
So while this could be a great deal, especially for investors, a family who want side-by-side houses or even two friends who want to be neighbours, it’s kinda all on if the land can be divided.
The joint backyard.
Also, it’s really only a good deal if it can be divided on the current owners dime, since land severance applications can cost upwards of $50,000… which in this economy? No thanks.
