Every couple of weeks, a Toronto listing comes along that makes me stop, blink twice, and quietly ask myself if everyone involved is doing okay. Case in point: 176 Brunswick Ave. — a three-bedroom house in the Annex currently asking over $1 million, despite looking like a genuine disaster scene. It's the kind of home you sincerely hope no one is living in at the moment, because the photos paint a pretty grim picture. The kitchen. We're talking peeling walls, zero kitchen appliances, floors that look like they haven't seen a vacuum or mop since the '90s, and uncapped gas pipes ... which feels less "character" and more "active hazard." According to the listing , this is a "great opportunity," while also noting — in the same breath — that the house "requires significant updating." This is Toronto real estate's polite way of saying you'll be ripping out basically everything that isn't load-bearing and dropping at least half a million dollars just to make it liveable. A room. But despite the full-on horror show happening inside (and honestly, outside), the $1,050,000 asking price is apparently justified because the home is located in Toronto's prestigious "C01 University area." And, to be fair, semi-detached homes in this part of the Annex can sell for close to $2 million. This is prime territory. You're steps from transit, hospitals, universities, parks, and downtown amenities. So yes — you're paying for the location, not the house. The house is just… an added demolition cost. This is clearly aimed at developers, investors, or end-users who've watched one too many HGTV marathons and confidently think, "How hard could it be?" The backyard and carport. Still, asking over $1 million for this takes nerve. Audacity, even — especially in the current market . But someone will buy it. Because this is the Annex. Because land is land. And because in Toronto, even a house that would struggle to crack $100K almost anywhere else can apparently still demand seven figures.