The state of the real estate market in Toronto has gone off the rails, an average one-bedroom apartment in Toronto can be rented for a cost of $1,465 per month. Millennials and other young professionals are being priced out of the rental market in Toronto, include Torontonians themselves. In response to that situation, an article aimed at sub-$1,000 rentals, entitled “what kind of apartment can you get in Toronto for under $1,000?’ was published by CBC.
Various apartment were featured in the article, ranging from a bachelor apartment in an ancient building located in the east-end which is priced for $995 per month, a one bedroom junior apartment in the middle of the town, costing for $925 a month and a single-bedroom basement apartment in the Beaches, a wanted famous Toronto hood priced at $999 each month. The fourth option on the list shows to be probably more fascinating.
“This unconventional Craigslist find is by far the cheapest listing in our round-up,” says the CBC article says. “It’s a parked, 19-foot-long 1980s motorhome — ‘retro classic vintage self-contained,’ commented the ad. Yes! You read right. Parked. Rents in Toronto are absolutely absurd now to the extent that the national news firm introduced a rundown motorhome parked in the Extension in a summary of cheap apartments for rents each month for $475.
The article mentioned; “The listing says the motorhome sleeps two to three people and comes with three automotive batteries to plug in lights and charge your phone, but you’ll have to buy your own gasoline to run the generator.” What a ripoff, yet still, a know-how investor potentially bought the home-on-wheels for a price no more than $3,000. That’s to say they’ll be able to yield their money in just over six months if he or she rents out the home-on-wheels for $475 per month.