An east-end shack with no running water is more expensive than the average Toronto condo

An investor has bought this converted garage near Coxwell and Danforth for $165,000, with plans to turn it into a one-of-a-kind residence. The sale price sounds cheap until you consider: (1) the “house” is only 189 square feet; and (2) it has no running water. Moreover, real estate blog The Mash points out that the price-per-square-foot works out to $873 (or $569 for the entire 20-by-14.5-foot lot). With Toronto condos averaging around $413 per square foot, this glorified shed isn’t exactly a steal. [via The Mash]