263 Glebemount Ave Toronto

Abandoned-looking Toronto house in rough condition is on sale at $700K

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.263 Glebemount Ave Toronto

Creepy room off the stairs of the basement. 

Virtually nothing about this house says welcoming. If anything, it's more on the foreboding side.

263 Glebemount Ave Toronto

Maybe once a dining room. 

However, in the Toronto real estate market, you sometimes need to overlook some things, especially if you want something under $1 million.

263 Glebemount Ave Toronto

The front porch/entrance to the house. 

Sometimes, that includes disintegrating green carpets and a possible torture device (very industrial coat rack) in the front entrance. 

263 Glebemount Ave Toronto

A bedroom. 

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.

263 Glebemount Ave Toronto

The kitchen. 

However, the state of the house is basically irrelevant when it and the property it sits on are listed for only $689,000.  

263 Glebemount Ave Toronto

The bathroom. 

What you really want to think about is the potential of the property. 

263 Glebemount Ave Toronto

The backyard with a detached garage. 

First, 263 Glebemount Ave. sits on a spacious 25- by 120-foot lot. 

263 Glebemount Ave Toronto

Likely the primary bedroom. 

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. 

263 Glebemount Ave Toronto

The basement. 

Third, detached homes in the Danforth typically sell for around $1.3 million, but can often go for more than $2.7 million. 

263 Glebemount Ave Toronto

The stairs leading to the basement. 

Also, property values have increased two per cent in this area in the last 12 months. 

263 Glebemount Ave Toronto

The back of the house. 

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. 

Photos by

realtor.ca 


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