Quote:
Originally Posted by shermanator
Neighbour passed away recently and her family is selling their half of our 1950's duplex. The place requires a gut job in the basement and the kitchen and bathroom upstairs need gutting. It's priced very attractively for someone who actually wanted to move in to the inner city, but it appears the only people interested right now are people who want to bulldoze the property and rebuild.
We've had a couple knocks on our door from realtors asking how much it would take for us to sell. They leave pretty quickly when we tell them we want enough to buy the infill that costs $200k more down the street with no extra mortgage costs.
I don't know what that says about the housing market but 6 months ago the property beside ours sold in a couple hours for $1.1 million. Likely an easier sell as it's a single lot and will be bulldozed for infills.
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Could you swing buying it and renting it out?
It probably is worth more all together, and you already have one half.