While Halloween is now several weeks behind us, this Toronto home would make a great haunted house any time of year.
The missing floor, creepy crawl spaces, and clown-colour kitchen are all perfect if you’re going for that horror aesthetic.
Although, admittedly, 263 Glebemount Ave. is not the type of vibe buyers typically go for when on the market for a home.
Virtually nothing about this house says welcoming. If anything, it’s more on the foreboding side.
However, in the Toronto real estate market, you sometimes need to overlook some things, especially if you want something under $1 million.
Sometimes, that includes disintegrating green carpets and a possible torture device (very industrial coat rack) in the front entrance.
263 Glebemount Ave. is a two-bedroom, one-bathroom detached bungalow near the Danforth, and, if the photos haven’t already made it evident, the place is rough at first glance.
However, the state of the house is basically irrelevant when it and the property it sits on are listed for only $689,000.
What you really want to think about is the potential of the property.
First, 263 Glebemount Ave. sits on a spacious 25- by 120-foot lot.
Second, the next-door neighbour has a lovely new-build house that is quite substantial, so the neighbourhood is on the up and up, and there’s a nearby precedent to up-size on this lot.
Third, detached homes in the Danforth typically sell for around $1.3 million, but can often go for more than $2.7 million.
Also, property values have increased two per cent in this area in the last 12 months.
So, in short, despite its scary appearance, this is a solid investment, and we wouldn’t be surprised if 263 Glebemount Ave. sells in record time and for over asking.