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Toronto home in same family for decades just hit market for over $6 million

If you hadn't noticed, land is hard to come by in a city like Toronto. In a city where 11-foot-wide homes or houses smaller than your average condo routinely sell for over a million dollars, it's no wonder laneway homes and garden suites are becoming all the rage.So when a full one-acre property hits the market, we're all expecting a hefty price tag.The foyer. 27 Old Yonge St. is a rare find in the heart of Toronto's Hoggs Hollow, listed for $6,250,000.The dining room. Yes, that's a hefty chunk of change. And yes, the house itself needs a serious amount of TLC before it's move-in ready.The kitchen. But the real value here is in the land. "Today, one-acre parcels are virtually unheard of in the city of Toronto," said realtors Paul Maranger and Christian Vermast. "And getting a parcel of land larger than an acre generally means going to the Bridle Path, at more than double the price."Plus, this is...


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